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 …
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 …
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. Williams Timmons, R, won his primary in South Carolina’s 4th district, backed by a $200 thousand targeted advertisement …
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 …
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 …
