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WASHINGTON— A federal judge has blocked a pair of Justice Department subpoenas aimed at the Federal Reserve in connection with a criminal probe of Chair Jerome Powell, ruling the government offered virtually no evidence of wrongdoing and finding the subpoenas appeared designed primarily to harass Powell and pressure him over monetary policy.

WASHINGTON— A federal judge in California has ordered the Consumer Financial Protection Bureau to continue seeking operating funds from the Federal Reserve, ruling that acting CFPB Director Russell Vought violated federal law when he refused to request additional money and attempted to let the agency’s reserves run down, Reuters reported.

WASHINGTON--Reforming the capital treatment of mortgage servicing assets and real estate exposures under NCUA’s risk-based capital framework is needed, and America’s Credit Unions outlined their suggested changes Friday in a letter to NCUA Chairman Kyle Hauptman. 

WASHINGTON--The $25-million Temple Santa Fe Community Credit Union has become the newest member of the Defense Credit Union Council, DCUC announced.

Congress has taken an important step toward addressing America’s housing challenges through the advancement of the Housing for the 21st Century Act. But progress alone is not enough. The House and Senate must now take the critical next step: convene a formal conference committee, reconcile their differences, and produce a final bill that can be sent to the President’s desk.

WASHINGTON--The Defense Credit Union Council Monday submitted four comment letters to NCUA addressing several proposed rulemakings and policy changes aimed at streamlining regulations and improving clarity for federal credit unions.

WASHINGTON--Following the recent Senate passage of the H.R.6644 - 21st Century ROAD to Housing Act, the Defense Credit Union Council sent a letter to leaders of the House Financial Services Committee and Senate Banking Committee urging for the legislation to quickly move to a conference committee.

SAN ANTONIO, Texas—Joan Cleveland, president and CEO of SWBC Life Insurance Company and executive vice president of SWBC Property and Casualty Insurance Company, has been appointed by the Texas Commissioner of Insurance to the Texas Life and Health Insurance Guaranty Association Board of Directors, SWBC said.