From News from America's Credit Unions <[email protected]>
Subject House passes bill barring Fed from issuing CDBC
Date May 24, 2024 11:12 AM
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CUNA and NAFCU are now America's Credit Unions.

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May 24, 2024

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House passes bill barring Fed from issuing CDBC ([link removed] )

The House voted 261-192 to pass the America’s Credit Unions-supported CBDC Anti-Surveillance State Act (H.R. 5403). The bill—which has a Senate companion—would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC). America’s Credit Unions President/CEO Jim Nussle wrote to House leaders Tuesday in strong support of the bill. “Credit unions pride themselves …

Freddie Mac closed-end second mortgage proposal is in public interest ([link removed] )

America’s Credit Unions supports the introduction of a new Freddie Mac product to purchase closed-end second mortgages as an alternative to cash out refinances. The Federal Housing Finance Agency (FHFA) proposed the new product in April. “America’s Credit Unions believes the proposal is in the public interest and advances Freddie Mac’s public mission. We wish …

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