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WASHINGTON—Mortgage applications decreased 5.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 16, 2025.

WASHINGTON—The FDIC board has unanimously voted to rescind a 2024 statement on bank mergers that expanded the factors considered in merger application reviews. They reinstated the prior policy that was in effect before the changes, the ABA Banking Journal reported.

WASHINGTON--Former NCUA board members Todd Harper and Tanya Otsuka have filed a response opposing the Department of Justice’s (DOJ) cross-motion for summary judgment, contending that their dismissals violate federal law, America’s Credit Unions reported.

WASHINGTON--House Rules Committee members continue their work on the budget reconciliation bill. The meeting began at 1 a.m. ET and remains in session as of 7 a.m. ET Wednesday, America's Credit Unions reported.

WASHINGTON--For more than 100 years, credit unions have focused on serving Main Street America by prioritizing people, not profits. America’s Credit Unions shared that message with House members as part of ongoing outreach in advance of a potential floor vote this week on the budget reconciliation package.

WASHINGTON--As the Senate begins consideration of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act (S. 1582), America’s Credit Unions said it is fighting two “poison pill” amendments.

ALEXANDRIA, Va.— NCUA Chairman Kyle Hauptman is inviting credit unions to provide suggestions and feedback on the agency’s operations and initiatives to assist in developing the NCUA’s 2026–2030 Strategic Plan, which guides the agency’s operational and budgetary priorities, the agency said.