Advanced search

WASHINGTON —The Defense Credit Union Council Wednesday called on U.S. Treasury Secretary Scott Bessent to immediately suspend and withdraw a new Community Development Financial Institutions (CDFI) Fund requirement that would force certified institutions to submit a new certification application every five years.

WASHINGTON--Acting CFPB Director Russell Vought expressed support for several Bureau reforms that would provide credit unions with regulatory relief in testimony before the House Financial Services Committee on Wednesday, America's Credit Unions reported.

NEW YORK—JPMorgan Chase CEO Jamie Dimon warned that broad public access to Anthropic's most advanced Mythos-class artificial intelligence models poses significant national security risks, saying the technology is powerful enough that releasing it without proper controls would be akin to giving "ballistic missiles to individuals," Business Insider reported.

WASHINGTON--NCUA recently finalized its rule eliminating reputation risk from its supervisory framework, which takes effect July 27.  In its latest Final Rule Summary, America’s Credit Unions examines the rule in detail.

On July 23, the Senate Banking Committee will meet in executive session to consider a nomination with consequences for millions of Americans who rely on credit unions to save, borrow, buy homes, start businesses and withstand financial emergencies. The committee should vote to report John Crews’s nomination to the NCUA board favorably, and the Senate should confirm him without unnecessary delay.

WASHINGTON— The Defense Credit Union Council and America’s Credit Unions are warning this could be one of the busiest legislative weeks before Congress leaves for its August recess, with lawmakers expected to tackle regulatory relief, NCUA nominations, the National Defense Authorization Act (NDAA), cryptocurrency legislation and several oversight hearings affecting financial institutions.