Fresh Today

WASHINGTON—Treasury is stating that the Community Development Financial Institutions (CDFI) Fund is operating “as normal,” that all 11 CDFI programs are statutory, and it does not anticipate any disruptions to the program.

RICHMOND, Ind.—The former CEO of Richmond City Employees Federal Credit Union has been charged with two counts of bank fraud, KICKS 96 reported.

WASHINGTON—Federal Communications Commission (FCC) Commissioner Geoffrey Starks announced Tuesday he plans to resign in the spring, ahead of his term’s 2027 expiration.

WASHINGTON—Republican members of the House are pushing back against President Donald Trump’s executive order that eliminates the Community Development Financial Institutions (CDFI) Fund.

WASHINGTON--Lowering the National Credit Union Share Insurance Fund normal operating level (NOL) would balance adequate protection for taxpayers while minimizing the potential for premiums charged to credit unions, suggested America’s Credit Unions in a letter sent to NCUA Chairman Kyle Hauptman. 

WASHINGTON—The Federal Housing Administration has released a mortgagee letter, revoking three appraisal policies related to fair housing considerations. The agency stated that these policies were part of a Trump administration initiative to ease regulations, the ABA Banking Journal reported.

NAPERVILLE, Ill.--Alloya is donating $250,000 to America’s Credit Unions National Advocacy Fund on behalf of its 1,300-plyus credit union members.

WASHINGTON--The Federal Reserve Wednesday kept its benchmark federal funds rate at approximately 4.3% and revised its 2024 GDP growth forecast to 1.7%, down from December's 2.1% projection.

STERLING HEIGHTS, Mich.— A serial bank robber, who moonlights as a crime novelist and has a taste for luxury cars, allegedly struck two more banks near Detroit just a year after his release from prison, NBC News reported.