WASHINGTON--Federal Housing Finance Agency Director Bill Pulte has assumed the role of chairman for both the Fannie Mae and Freddie Mac boards, according to regulatory filings. Additionally, both boards have removed several members and appointed new ones, ABA Banking Journal reported.
ALEXANDRIA, Va.– The National Credit Union Administration today released its 2024 Annual Report, highlighting the agency’s activities and accomplishments for the past year.
ASTON, Pa.– $837-million Sun East Federal Credit Union has promoted Debbie Cook to CEO and president.
WASHINGTON—President Trump today nominated Federal Reserve Governor Michelle Bowman to be the Fed’s vice chair for supervision. If confirmed by the Senate, Bowman will succeed Fed Governor Michael Barr, who recently stepped down from the position.
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.
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.
