America’s Credit Unions President/CEO Jim Nussle Thursday wrote to the House Financial Services Committee, outlining concerns with the Strengthening Cybersecurity for the Financial Sector Act, which would grant the NCUA with additional authority to examine third-party vendors. “We believe in a strong NCUA, but we also believe that the NCUA should stay focused on …
America’s Credit Unions, along with 10 other financial trade groups, wrote to the House Ways and Means Committee and the Senate Finance Committee to urge the passage of legislation “to ensure the IRS follows the original intent of Congress and prevents disruptions to the consumer and commercial lending industries.” The Internal Revenue Service (IRS) eIncome …
The Bureau of Economic Analysis Thursday released 2023’s fourth quarter gross domestic product (GDP) report, which showed an annual rate increase of 3.3%. “Fourth quarter GDP exceeded expectations as consumption remained strong, inventories held up better than anticipated, and trade made a surprising positive contribution to growth,” said America’s Credit Unions’ Curt Long. “When …
