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WASHINGTON—NAFCU President and CEO Dan Berger has shared with leaders of the Senate Banking and House Financial Services Committees a series of principles important to credit unions regarding housing finance reform, including guaranteed access to the secondary mortgage market.

MERRITT ISLAND, Fla.–Two more credit unions have announced they will increase their minimum wage. 

WASHINGTON—A group of senators are urging the Treasury to ease restrictions on financial institutions that serve the legal cannabis industry and provide guidance to encourage more banks and CUs to support this trade—particularly those that provide services to state-sanctioned pot businesses.

PLANO, Texas—Seeking to leverage electronic media as the best avenue to influence younger consumers, the Cornerstone CU League will launch a digital advertising campaign in 2017 that will include website, social media and YouTube ads.

SANTE FE, N.M.—Del Norte Credit Union is helping consumers, some struggling to pay their bills, afford groceries as Christmas approaches.

WASHINGTON–The FDIC’s board has approved a $2.18 billion operating budget for 2017, down 2.4% from 2016 and 46% lower than the peak in 2010 at the height of the financial crisis.

WASHINGTON–Some homeowners won’t have to pay or wait for an appraisal on certain refinance loans backed by Fannie Mae.

WASHINGTON—CUNA has written to the Consumer Financial Protection Bureau to reiterate its continuing concerns with the Bureau’s proposed Company Response Survey.

WASHINGTON–While there has been considerable discussion of privatizing the two government-sponsored enterprises in mortgage lending, especially as a new Congress and administration take office, at least one analyst is saying the market shouldn’t hold its breath.

SANTA MONICA, Calif.—The number of car buyers trading in vehicles with negative equity continues to rise—a bad sign for the economy, but possibly good news for auto leasing.