WASHINGTON—U.S. residential construction activity weakened in October, with housing starts falling sharply even as permits held roughly steady, underscoring continued volatility in the housing market amid higher borrowing costs and affordability pressures.
WASHINGTON—Credit union trade groups entered the week in Washington closely monitoring developments after President Trump’s proposal for a nationwide 10% cap on credit card interest rates, even as Congress returns to work on funding, financial services reform, and digital asset legislation.
NEW YORK— Credit unions’ retention challenge is increasingly structural, not demographic, as rising digital expectations reshape how members judge value and loyalty.
WASHINGTON--Monday, the Defense Credit Union Council and the Association of Military Banks of America (AMBA) issued a joint letter to U.S. House and Senate leadership expressing strong, unified opposition to the so-called Credit Card Competition Act (CCCA), warning that the legislation would harm service members, veterans, and the financial institutions that serve military communities.
WASHINGTON--Office of Management and Budget Director Russ Vought has submitted a $145 million request to the Federal Reserve to fund the functions of the CFPB through the second quarter of this year, America's Credit Unions reported.
WASHINGTON--The CFPB today has published a notice withdrawing a joint statement issued in 2023 with the Department of Justice (DOJ).
WASHINGTON--In a win for credit unions and the communities they serve House legislation released over the weekend would appropriate $324 million for Treasury’s Community Development Financial Institution (CDFI) Fund for FY26, America’s Credit Unions reported, noting it has consistently advocated for the amount—the same as FY25—in its work with Congress, including in a recent letter to the House Appropriations Committee.
WASHINGTON — Federal Reserve Chair Jerome Powell said Sunday that the Justice Department has subpoenaed the central bank and threatened a criminal indictment tied to his congressional testimony about the Fed’s headquarters renovations, according to the Associated Press.
WASHINGTON--America’s Credit Unions Sunday sent a letter to President Trump responding to his proposal for a one-year 10% cap on credit card interest rates.
WASHINGTON--The Defense Credit Union Council has distributed a set of official talking points to all DCUC member credit unions addressing President Trump’s recent proposal to impose a nationwide 10% cap on credit card interest rates, the trade group announced.
