WASHINGTON--Recommendations to lower costs for mortgage borrowers without Congressional action are the focus of a joint letter from America’s Credit Unions and other financial services organizations.
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WASHINGTON--Early Wednesday the Defense Credit Union Council sent a letter ahead of the House Financial Services Committee’s full markup, expressing concern that no credit union-specific legislation has been included on the Committee’s markup agenda, despite repeated advocacy highlighting long-standing priorities critical to financial access and readiness for communities nationwide.
DAVOS, Switzerland--U.S. Treasury Secretary Scott Bessent said this week it would be reasonable to examine the practices of credit card companies, signaling openness to a broader review as Washington debates potential consumer protections, according to Reuters.
NEW YORK— As President Donald Trump presses Congress to consider a cap on credit card interest rates, Citigroup CEO Jane Fraser said this week she does not expect lawmakers to approve such a move, warning it would harm the broader U.S. economy.
WASHINGTON — The Defense Credit Union Council is closely tracking a fast-moving week in Washington that could determine whether Congress avoids a government shutdown while also reopening the door to controversial credit card and interchange proposals that DCUC strongly opposes.
WASHINGTON--The Defense Credit Union Council issued a response to President Trump’s recent remarks at the World Economic Forum in Davos, calling for a one-year, 10% cap on credit card interest rates.
DAVOS, Switzerland— President Donald Trump renewed his push for a 10% credit card interest-rate cap Wednesday, calling on Congress to impose a one-year limit during remarks at the World Economic Forum in Davos.
INDIANAPOLIS--The $890-million Financial Center First Credit Union has selected Ning Duong to serve as its new CEO.
WASHINGTON—The long-awaited federal crypto market-structure bill faces renewed uncertainty on Capitol Hill amid political urgency from the White House and industry resistance that has stalled key Senate action.
WASHINGTON--Credit unions can provide feedback on the H.R. 1 vehicle loan interest tax deductions via America’s Credit Unions’ latest Regulatory Comment alert.