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January 17, 2024

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Senate, House bills would clarify CFPB supervision of insurance ([link removed] )

America’s Credit Unions wrote Senate Banking Committee Ranking Member Tim Scott, R-S.C., and Sen. Joe Manchin, D-W.Va., along with Rep. Bryan Steil, R-Wis., to offer support for their bipartisan Business of Insurance Regulatory Reform Act, which would help to ensure that the CFPB does not expand its authority under the Consumer Financial Protection Act. The …

Legislators announce bipartisan tax framework with ERTC changes ([link removed] )

Senate Finance Committee Chair Ron Wyden, D-Ore., and House Ways and Means Committee Chairman Jason Smith, R-Mo., announced an agreement Tuesday on tax framework legislation, the Tax Relief for American Families and Workers Act of 2024. They are looking for potential avenues to enact the legislation this month, though its path forward is uncertain. The …

Stopgap funding bill looks to fund government to March ([link removed] )

The Senate has proposed an amendment that would extend government funding to March. Congressional leaders Sunday unveiled the bipartisan plan to extend 2023 funding levels as Congress continues to work on negotiations for 2024. Agriculture, energy, water, and transportation funding (currently set to expire Jan. 19) would last until March 1, with the remaining spending …

Credit union loans increase in November ([link removed] )

Credit union loans outstanding increased 0.4% in November, compared to a 0.4% increase in October 2023 and a 1% increase in November 2022, according to the latest America’s Credit Unions Monthly Credit Union Estimates. The estimates are based on information from a monthly sample of credit unions. Other mortgage loans led loan growth during the …

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