Senate Finance Committee Chair Ron Wyden, D-Ore., and House Ways and Means Committee Chairman Jason Smith, R-Mo., announced an agreement Tuesday on tax framework legislation, the Tax Relief for American Families and Workers Act of 2024. They are looking for potential avenues to enact the legislation this month, though its path forward is uncertain. The …
Legislators announce bipartisan tax framework with ERTC changes Read More »
The Senate has proposed an amendment that would extend government funding to March. Congressional leaders Sunday unveiled the bipartisan plan to extend 2023 funding levels as Congress continues to work on negotiations for 2024. Agriculture, energy, water, and transportation funding (currently set to expire Jan. 19) would last until March 1, with the remaining spending …
Stopgap funding bill looks to fund government to March Read More »
Credit union loans outstanding increased 0.4% in November, compared to a 0.4% increase in October 2023 and a 1% increase in November 2022, according to the latest America’s Credit Unions Monthly Credit Union Estimates. The estimates are based on information from a monthly sample of credit unions. Other mortgage loans led loan growth during the …
On December 28, 2023, the National Credit Union Administration (NCUA), together with the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation, (collectively, the Agencies) published a final rule to amend the Uniform Rules of Practice and Procedure (Uniform Rules). This action was listed on NCUA’s …
NCUA and Other Agencies Update the Uniform Rules of Practice and Procedure Read More »
This week, America’s Credit Unions remains engaged on Capitol Hill as lawmakers near the Jan. 19 deadline to secure government funding for four appropriations measures, including Agriculture, Energy, Veterans, Transportation and Housing programs, amongst others. Funding for eight other appropriations bills that fund other areas of the government expires Feb. 2. Congress released a proposal …
This week: America’s Credit Unions engaged as funding negotiations continue Read More »
Key credit union meetings with congressional leaders, including House Majority Whip Tom Emmer, R-Minn., are underway as Congress returns to session. America’s Credit Unions’ Abby Gunderson-Schwarz met with Emmer and multiple Republican House Financial Services Committee members last week as part of a key stakeholders gathering to discuss issues facing the financial industry. Gunderson-Schwarz flagged …
America’s Credit Unions meets with House Majority Whip Read More »
America’s Credit Unions’ Nick St. John, JaMonika Williams, and Judy Dahn presented at the Capital Area Compliance Roundtable (CACR) Friday. CACR is a group of credit unions located in the Washington, D.C., area. Staff presented updates on important recent compliance developments, including the Financial Crimes Enforcement Network’s (FinCEN) Beneficial Ownership Information (BOI) rule, CFPB enforcement actions, and …
America’s Credit Unions staff presents at compliance roundtable Read More »
Rep. Young Kim, R-Calif., congratulated America’s Credit Unions on its launch and called for support of her legislation to increase federal credit union loan maturities in a video message. Kim introduced the Expanding Access to Lending Options Act Wednesday with Reps. Scott Fitzgerald, R-Wis., Juan Vargas, D-Calif., and Brad Sherman, D-Calif. “This bipartisan bill would …
Rep. Kim encourages support for bipartisan loan maturity bill Read More »
Credit unions were represented Friday at a roundtable hosted by the U.S. Department of Treasury on addressing barriers in financial services for justice-impacted individuals. America’s Credit Unions’ Samira Salem and Clement Abonyi attended, in addition to several credit unions. The event—hosted by CNN commentator and former South Carolina state Rep. Bakari Sellers—featured discussions on …
Credit unions attend discussion on barriers for justice-impacted individuals Read More »
