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WASHINGTON--Federal credit unions would have additional board meeting flexibility under bipartisan legislation introduced by Reps. Bill Huizenga (R-MI) and Juan Vargas (D-CA). The Credit Union Board Modernization Act (H.R. 975) would allow credit union boards to meet six times per year, instead of once per month as currently required, America's Credit Unions reported.

WASHINGTON—What was once considered Trump campaign rhetoric—a 10% cap on credit card interest rates—has now been proposed by two senators.

WASHINGTON—Former NCUA Chairman Rodney Hood has been named Acting Comptroller of the Currency.