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PLANO, Texas—Despite media attention on a potential recession—intensified by slightly negative growth reported in Q1 2025—credit unions shouldn’t be alarmed, says one economist, who offers a clear rationale behind this perspective.

WASHINGTON—The House Ways and Means Committee wrapped up its markup on its reconciliation bill Wednesday morning, leaving the CU tax exemption intact.

WASHINGTON—Narrow supervisory standards, inconsistent approval timelines and other regulatory impediments are limiting new bank formation and leading to further consolidation in the financial sector, the American Bankers Association stated in comments to lawmakers.

ALBANY, N.Y.—New York Governor Kathy Hochul has formally established regulations for buy now, pay later lending in the state, adopting a more assertive approach as the CFPB takes a lighter regulatory stance under the new Administration.

LIBERTY LAKE, Wash.—Ezra Eckhardt is no longer serving as president and CEO of the $6-billion Spokane Teachers CU, the credit union announced.