WASHINGTON—NAFCU and CUNA have joined the American Bankers Association, the Consumer Bankers Association, the Electronic Payments Coalition, and the Independent Community Bankers of America in a letter Congress expressing their opposition to the House companion to the Credit Card Competition Act of 2022 (CCCA).
WASHINGTON—Federal bank regulatory agencies have reaffirmed their commitment to implementing enhanced regulatory capital requirements that align with the final set of "Basel III" standards issued by the Basel Committee on Banking Supervision in December 2017, the Federal Reserve stated in a release.
WASHINGTON–Although rates continue to rise, mortgage applications increased nearly 4% for the week ending Sept. 16 compared with one week earlier.
WASHINGTON–Sales of existing homes in the U.S. declined for the seventh straight month in August, as rising rates and home prices that have remained high have combined to stymie many would-be homebuyers, according to the National Association of Realtors.
NEW YORK—Inflation is already putting a strain on the upcoming holidays, and one report indicates credit unions may have both lending and financial education opportunities as a result.
WASHINGTON—The most recent version of a changing House bill regulating stablecoins would place a two-year ban on dollar-pegged digital assets like TerraUSD, which collapsed in a $48 billion bank run-style panic in May, according to a new analysis.
MUSKOGEE, Okla.–Muskogee FCU has named a new president and CEO. The $104-million credit union has selected Dana S. Brown to lead the organization.
HOUSTON–The former manager of a credit union has been indicted on charges of embezzlement from elderly members.
WASHINGTON–The CrossState Credit Union Association and the Cooperative Credit Union Association are reporting they established a virtual live video feed during which credit union professionals hiking Capitol Hill were able to conduct interviews and recordings with members of the media and to share with credit union leaders who were unable to participate in person.
AUSTIN, Texas–The Texas Credit Union Department has named Michael Riepen as its new commissioner.
