Fresh Today

WASHINGTON—The threat of a 10% credit card interest rate cap moved from rumor to reality Thursday, after Rep. Maxine Waters (D-CA) offered a rate-cap amendment during the House Financial Services Committee’s full markup.

WASHINGTON —A coalition of credit union and banking groups Thursday sent a joint letter to members of Congress strongly opposing the Credit Card Competition Act and any expansion of the Durbin amendment.

MCLEAN, Va.--The 30-year fixed-rate mortgage remained low this past week, averaging 6.09%, Freddie Mac reported.

ALEXANDRIA, Va. — NCUA on Thursday proposed a rule that would allow federal credit unions to reimburse volunteer board members for dependent care expenses, aiming to ease the burden of rising childcare and eldercare costs while preserving long-standing limits on board compensation.

WASHINGTON—With rumors circulating in Washington overnight that a 10% credit card interest rate cap could be offered Thursday as an amendment during the House Financial Services Committee’s full markup, the Defense Credit Union Council sent a letter to the Committee urging lawmakers to reject any such proposal.

WASHINGTON--The U.S. Supreme Court heard oral arguments in Trump v. Cook Wednesday, a lawsuit to determine whether Federal Reserve Governor Lisa Cook can remain in her position while the lower courts determine if President Donald Trump’s August 2025 removal was “for cause.” 

WASHINGTON--Thirty small credit union leaders from across the country will elevate the voices of their counterparts in America’s Credit Unions newly launched Small Credit Union Advocacy Advisory Panel. The panel members, announced Wednesday, will also strengthen advocacy efforts on the issues that matter most to small credit unions, ACU said.

WASHINGTON--Recommendations to lower costs for mortgage borrowers without Congressional action are the focus of a joint letter from America’s Credit Unions and other financial services organizations.