WASHINGTON—The Federal Reserve Wednesday held its benchmark interest rate steady at 4.25% to 4.50%—a move largely anticipated by markets—but not without internal disagreement.
Fresh Today
WASHINGTON—One day after 52 state bankers associations called on the Treasury Department to examine whether credit unions still align with the intent of their tax-exempt status, the Defense Credit Union Council is urging Treasury to launch a formal review into the implications of banks operating under Subchapter S corporation status.
WASHINGTON—Senators Alex Padilla (D-CA) and Kevin Cramer (R-ND) have introduced legislation—the NCUA Central Liquidity Facility Enhancements Act—to make permanent the temporary enhancements Congress made to NCUA’s Central Liquidity Facility during the COVID-19 crisis.
WASHINGTON--The Defense Credit Union Council said it supports the Protecting Access to Credit for Small Businesses Act; the legislation would block the Small Business Administration (SBA) from becoming a direct lender, instead preserving the "essential role of community-based financial institutions" — including credit unions — in delivering small business loans to Main Street America.
PALM DESERT, Calif. – The Defense Credit Union Council’s Annual Conference kicked off Tuesday at the JW Marriott Desert Springs Resort here.
PALM DESERT, Calif. – The Defense Credit Union Council’s 2025 Annual Conference’s first day offered valuable networking and “mission-focused” education for credit unions serving military and veteran communities.
WASHINGTON--America’s Credit Unions and other financial services organizations, including the American Bankers Association, wrote to the Federal Reserve reiterating longstanding concerns with the Fed’s Debit Card Issuer Survey.
WASHINGTON--A bipartisan group of senators, led by Senate CDFI Caucus co-chairs Mike Crapo (R-ID) and Mark Warner (D-VA) wrote Office of Management and Budget Director Russ Vought Tuesday to request information on the deployment of FY25 funds for the Community Development Financial Institution (CDFI) Fund.
WASHINGTON--The Senate Banking Committee advanced the bipartisan Renewing Opportunity in the American Dream (ROAD) to Housing Act Tuesday with a unanimous vote.
WASHINGTON--The CFPB will issue a new open banking advanced notice of proposed rulemaking within three weeks, according to a Tuesday court filing, America's Credit Unions reported.