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CUNA and NAFCU are now America's Credit Unions.

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June 10, 2024

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This week: CFPB director to testify, primaries in 4 states ([link removed] )

The House and Senate are both in Washington, D.C., this week, and America’s Credit Unions will be engaged on multiple credit union priorities. CFPB Director Rohit Chopra is scheduled to make his semi-annual testimony before the Senate Banking Committee Wednesday and the House Financial Services Committee Thursday. Both hearings will be streamed live on the …

‘First-generation homebuyer’ policies need changes to improve effectiveness ([link removed] )

Fannie Mae and Freddie Mac’s definitions and policies regarding first-generation homebuyers are concerning, America’s Credit Unions joined the Housing Policy Council and other trades in writing to the Federal Housing Finance Agency (FHFA) Friday. Comments were sent in response to FHFA’s request for input on Fannie and Freddie’s Housing Finance Plans. Concerns include: The organizations …

May jobs report ‘surpasses consensus expectation’ ([link removed] )

Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4%, the U.S. Bureau of Labor Statistics reported Friday. Employment continued to trend up in several industries, led by health care; government; leisure and hospitality; and professional, scientific, and technical services. “Employers added 272,000 jobs in May, surpassing consensus …

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