WASHINGTON--The Defense Credit Union Council said it has engaged the Senate Committee on Banking, Housing, and Urban Affairs ahead of tomorrow’s hearing, “Evaluating Perspectives on Deposit Insurance Reform,” reiterating the importance of ensuring small business deposits are adequately protected and that credit unions receive full parity with banks in deposit insurance coverage and emergency authorities.
Fresh Today
NAPERVILLE, Ill.--At its Annual Meeting, held in conjunction with the corporate’s eleventh annual Credit Union Leadership Symposium, Alloya Corporate Federal Credit Union announced the election of two board members.
NEWBERRY, Fla.— CAMPUS USA Credit Union here has petitioned a Florida court to throw out a $90-million lawsuit filed by three members who claim they were denied fair treatment in the loan process due to their race, sex, and national origin.
WASHINGTON—The Independent Community Bankers of America (ICBA) has intensified its long-running campaign against credit union acquisitions of community banks, this time leaning on new data to bolster its case.
WASHINGTON--The Treasury Department has submitted a proposal to the Office of Management and Budget (OMB) that would add a requirement to certain applications for Community Development Financial Institutions (CDFI) Fund awards. The additional form would require applicants to disclose whether funds would be used for diversity, equity, inclusion (DEI), or climate purposes.
WASHINGTON— The Office of the Comptroller of the Currency (OCC) announced new measures aimed at ending politicized or unlawful debanking within the federal banking system. The steps align with President Trump’s Executive Order 14331, “Guaranteeing Fair Banking for All Americans,” and reaffirm that banks must base access to financial services on objective, risk-based evaluations of individual customers.
WASHINGTON--In a meeting with Treasury Department staff Monday, America’s Credit Unions President/CEO Jim Nussle and Head of Regulatory Advocacy James Akin voiced credit union priorities related to the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac.
WASHINGTON--The credit union movement made its strong opposition to including interchange amendments in the National Defense Authorization Act (NDAA) clear in a letter sent to the House Rules Committee.
WASHINGTON— Leadership transition, policy reform, and grassroots momentum defined the opening day of America’s Credit Unions’ 2025 Congressional Caucus, where current CEO Jim Nussle and incoming CEO Scott Simpson shared the stage to chart the future of the movement in a fireside chat.
WASHINGTON—The House is expected to begin processing amendments to the National Defense Authorization Act (NDAA) this week, with floor consideration anticipated soon, the Defense Credit Union Council reported.