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WASHINGTON–The credit union trade groups continue to work Congress as they seek to nibble around the edges of the member business loan (MBL) cap in place for federal credit unions, which has now been in place for more than two decades. But will the cap itself ever be removed?

WASHINGTON—NCUA has joined with numerous other federal agencies and departments in a letter to The Appraisal Foundation saying it has failed to “include clear warnings about the requirements of federal law in the standards it sets, and in the training it provides for appraisers.”

WASHINGTON–The SAFE Banking Act has new life in Congress, but it also still has a long road to go before becoming law, according to NAFCU’s VP-legislative affairs.

WASHINGTON–There are several congressional hearings of interest to credit unions and financial institutions this week, while one issue is looming over both sides of Congress.

RALEIGH, N.C. –The Coastal Credit Union Foundation has announced the latest round of grants to benefit nonprofit organizations in the community. 

BEIJING, China—The People’s Bank of China has formally released its app for the digital Yuan.

STOCKTON, Calif.–In a unique arrangement as part of a merger between two credit unions here, $10 million was set aside to create a foundation that is now led by the former chairman and former CEO of the acquired credit union and which has drawn criticism from at least one-well known person.

WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 2.4 points to 71.8 in January, its lowest level since May 2020, as affordability constraints continue to weigh on the housing market and affect homebuyers’ moods.