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 …
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 …
