WASHINGTON–What is generally a quiet month on Capitol Hill, August, is seeing some nontraditional activity that credit unions are watching.
Fresh Today
ARLINGTON, Va.–While August has long been a traditionally slow period in Washington for both lawmaking and regulatory oversight, that tradition is being bucked by development of new digital technologies, and that has credit unions interested in both what they should and can be doing now, as well as what oversight might lie ahead.
WASHINGTON–CUNA has told the Government National Mortgage Association (Ginnie Mae”) it’s time to reassess its exclusion of credit unions from the definitions of “depository institutions,” saying CUs are “dismayed” at the imposition of a separate risk-based capital calculation imposed on the industry.
WASHINGTON–Three organizations representing lenders told congressional leadership they oppose an amendment that would make changes to the False Claims Act (FCA) and that would harm the housing market and “frustrate efforts to work with the private sector to distribute COVID-related rental and homeowner assistance.”
WASHINGTON — The Biden administration has announced an extension of the moratorium on federal student loan payments until Jan. 31, 2022. The current moratorium had been scheduled to expire at the end of September.
KINGSPORT, Tenn.– Credit unions in Tennessee and Maine have named new CEOs effective with the retirement of their current leaders.
SNELLVILLE, Ga. – The African-American Credit Union Coalition (AACUC) will induct four credit union leaders into its Hall of Fame during a special ceremony on Aug. 16 as part of its AACUC Virtual Annual Conference.
TACOMA, Wash.–CU Strategic Planning said it is partnering with TransUnion tohelp credit unions apply for Treasury Department Community Development Financial Institution (CDFI) Fund grants.
SALT LAKE CITY, Utah–More than half of Americans (62%) say their credit card debt has increased since the beginning of the pandemic, with 52% saying they’ve increased their credit limits to support their growing spending habits, according to a new survey by Business.org.
BOSTON–A newly released survey of 5,164 small business owners has found significant concern over the Delta variant of the coronavirus.