WASHINGTON--With Congress back in their home districts this week, America's Credit Unions said it is keeping up the momentum in the Don’t Tax My Credit Union effort.
Fresh Today
WASHINGTON—Treasury has responded to a letter sent to Scott Bessent over the weekend from the Defense Credit Union Council, stating the department recognizes the the important role the Community Development Financial Institutions Fund plays.
CHICAGO—The American Bankers Association Monday joined other plaintiffs, including America’s Credit Unions, in filing a motion for summary judgment in a lawsuit challenging an Illinois law restricting interchange fees, pointing to the court’s previous finding that the plaintiffs were likely to succeed on their argument that federal law preempts the state law, the ABA Banking Journal reported.
WASHINGTON—Following President Trump signing an executive order that aims to eliminate seven federal agencies—including the Community Development Financial Institutions Fund (CDFI)—credit union trade groups have been focused on educating Congress on the impact and the value of the CDFI Fund.
ST. PETERSBURG, Fla.—While growth in purchasing activity remained positive, February year-over-year results softened for both credit and debit activity, reports Velera.
WASHINGTON—As policymakers explore regulatory frameworks for governing the use of artificial intelligence (AI), America’s Credit Unions submitted comments responding to the White House request for information on developing an AI action plan.
WASHINGTON—America’s Credit Unions is asking Treasury to recognize the “far-reaching benefits” of the Community Development Financial Institutions (CDFI) Fund and take steps to ensure its critical functions are preserved.
WASHINGTON--The Senate confirmed Bill Pulte to be the new director of the Federal Housing Finance Agency (FHFA) by a 56-43 vote.
WASHINGTON—The Defense Credit Union Council has sent a letter to U.S. Treasury Secretary Scott Bessent expressing “deep concern” over President Trump’s recent executive order calling for the elimination of the Community Development Financial Institutions (CDFI) Fund.
FAIRFAX, Va.—The $4.6-billion Apple Federal Credit Union has agreed to a $2.5-million class action lawsuit settlement to resolve claims it charged unfair overdraft fees on ATM withdrawals and transfers and debit card payments, Top Class Actions reported.