Fresh Today

WASHINGTON— A new bill introduced in the House aims to spur the creation of community banks and credit unions, with a focus on expanding Minority Depository Institutions, Community Development Financial Institutions and rural depository institutions.

WASHINGTON— Credit unions should brace for the possibility of a government shutdown at the end of September, as signs from Capitol Hill point to continued delays in the federal budget process.

LAWRENCEVILLE, Ga.—For the first time in several months used vehicle values declined, Black Book reported.

WASHINGTON--The Defense Credit Union Council Monday sent letters to the House Financial Services and Small Business Committee, the first being a comprehensive letter to HFSC leaders detailing its support and recommendations on several financial services bills under consideration.

WASHINGTON--The U.S. Department of the Treasury has named Dietrich Douglas acting director of the Community Development Financial Institutions Fund (CDFI Fund), Treasury announced.

WASHINGTON--The CFPB should reconsider its proposal to remove consumer education and financial literacy from the Civil Penalty Fund’s authorized uses, America’s Credit Unions Head of Regulatory Advocacy James Akin said in a letter to the Bureau.

WASHINGTON--A bipartisan bill introduced last week would increase access to financing for Accessory Dwelling Units (ADUs) and has credit unions’ support. The Supporting Upgraded Property Projects and Lending for Yards (SUPPLY) Act (H.R. 4479) was introduced by Reps. Sam Liccardo (D-CA) and Andrew Garbarino (R-NY), ACU reported.

WASHINGTON—The Consumer Financial Protection Bureau has officially withdrawn a proposed rule that would have eliminated the requirement for state officials to notify the Bureau when taking enforcement actions under the Consumer Financial Protection Act (CFPA).