America's Credit Unions - America's Credit Unions

DoD provides America’s Credit Unions members with breakdown of OMBP

News / June 14, 2024 / 1 minute of reading

America’s Credit Unions Thursday hosted a webinar to provide members with information on the Overseas Military Banking Program (OMBP). During the event, Department of Defense (DoD) Director for Banking and Credit Union Programs Bill Hawbecker provided a breakdown of what the program is and how DoD works with the banking sector. Hawbecker also discussed how …

DoD provides America’s Credit Unions members with breakdown of OMBP Read More »

ICYMI: Credit union leaders give a voice to members

News / June 14, 2024 / overdraft / 1 minute of reading

Credit union leaders are making a difference sharing the impact of overregulation on the people they serve with Congress. Bringing their messages from Indiana and Kentucky, respectively, credit union CEOs Karen Madry and Karen Harbin provided a voice for the people who will face the greatest challenges if programs like overdraft protection are put at …

ICYMI: Credit union leaders give a voice to members Read More »

Credit unions: Submit feedback on Fedwire, NSS operating hours proposal

News / June 14, 2024 / 2 minutes of reading

Credit unions can submit feedback on the Federal Reserve’s request for comment on expanding the Fedwire Funds Service and National Settlement Service (NSS) operating hours directly to America’s Credit Unions via a regulatory comment alert sent to members Thursday. The alert offers a breakdown of the proposal, which would change the operating hours for both services to …

Credit unions: Submit feedback on Fedwire, NSS operating hours proposal Read More »

Rep. Leger Fernandez introduces homeownership assistance bill

News / June 14, 2024 / 2 minutes of reading

A new bill to assist consumers facing barriers to home ownership was introduced Wednesday by Rep. Teresa Leger Fernandez, D-N.M. The Home of Your Own Act would create a new national homeownership grant program at the U.S. Department of Housing and Urban Development, providing one-time, $30,000 homeownership assistance grants to eligible first-time homebuyers who earn …

Rep. Leger Fernandez introduces homeownership assistance bill Read More »

New Compliance Blog posts tackle contracts, CD versus share certificates

News / June 14, 2024 / compliance / 1 minute of reading

America’s Credit Unions keeps credit unions informed with new posts on the Compliance Blog, published every Tuesday and Thursday. Here’s a look at what’s new on the blog: Are Unlawful Terms in Your Contract a Deceptive Act or Practice?: Keith Schostag breaks down the CFPB’s June 4 circular that specifies having unlawful or unenforceable terms and …

New Compliance Blog posts tackle contracts, CD versus share certificates Read More »

House takes procedural step on NDAA

News / June 13, 2024 / ndaa / 1 minute of reading

The House version of the National Defense Authorization Act (NDAA) for Fiscal Year (FY) 2025 was advanced by House Rules Committee late Tuesday following consideration of the more than 1,300 proposed amendments. On Wednesday, the House adopted a Rule to proceed to the measure by a 208-207 vote. The House now proceeds to consider the more …

House takes procedural step on NDAA Read More »

CFPB’s regulatory actions questioned by lawmakers during Senate, House hearings

News / June 13, 2024 / cfpb / 1 minute of reading

Lawmakers questioned CFPB Director Chopra on several of the bureau’s regulatory actions on financial services fees, medical debt, mortgage closing costs, and more during Wednesday’s Senate Banking Committee hearing. On fees, Ranking Member Tim Scott, R-S.C., criticized the bureau’s efforts on “junk fees” in his opening remarks, stating the credit card late fee rule will …

CFPB’s regulatory actions questioned by lawmakers during Senate, House hearings Read More »

All credit union-supported candidates win Tuesday primaries

News / June 13, 2024 / 1 minute of reading

All 15 credit union-backed candidates won their primaries in Maine, Nevada, North Dakota, and South Carolina. Each candidate was supported by America’s Credit Unions PAC and the League from their state or district. Notably, credit union champion Rep. William Timmons, R, won his primary in South Carolina’s 4th district, backed by a $200,000 targeted advertisement campaign …

All credit union-supported candidates win Tuesday primaries Read More »

Nussle calls for full funding of credit union programs

News / June 13, 2024 / 2 minutes of reading

America’s Credit Unions President/CEO Jim Nussle urged the House Appropriations Committee to fully fund programs that are important to credit unions, while also addressing areas of concern, in a letter sent Wednesday. In his letter, Nussle noted America’s Credit Unions supports increasing the budget for the Community Development Financial Institutions (CDFI) Fund from $325 million …

Nussle calls for full funding of credit union programs Read More »

Inflation cools, FOMC holds rates

News / June 13, 2024 / economy / 2 minutes of reading

Inflation is slowing down, according to the Bureau of Labor and Statistics (BLS) consumer price index report. Newly released Wednesday, the May report notes inflation maintained the same rate as April. “Inflation cooled down in May following four consecutive months of high readings”, said America’s Credit Unions Senior Economist Dawit Kebede. “Both headline and core inflation …

Inflation cools, FOMC holds rates Read More »

Author name: America's Credit Unions