The House and Senate are busy on Capitol Hill this week as lawmakers try to secure agreements on funding measures ahead of a potential government shutdown at the end of the month. Notably, Sen. Roger Marshall, R-Kansas, has threatened to hold up the process by calling for a vote – either as a standalone or amendment to one of the funding packages – on his proposed big box bailout legislation.
A federal court in Kentucky delayed enforcement of the CFPB’s small business lending data reporting rule until the Supreme Court rules on the constitutionality of the bureau’s funding structure. The Supreme Court is scheduled to hear arguments for the case Oct. 3.
Ecority, an independent nonprofit established to leverage and scale the $27 billion EPA-administered Greenhouse Gas Reduction Fund (GGRF), extended the deadline for credit unions to indicate their interest in supporting Ecority’s GGRF application through Friday, Sept. 22.
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The CFPB has released the filing instructions guide for data collected in 2024 – to be reported in 2025 – under the Home Mortgage Disclosure Act (HMDA). The guide breaks down the submission process, file specifications, data specifications, and edits that have been made from the 2023 guide.
NAFCU’s latest CU Industry Trends report showed the industry’s net worth ratio is up over 40 basis points from a year ago. Additionally, industry consolidation slowed in the second quarter while member and loan growth slowed slightly over the past three months.
