The CFPB’s small business lending data collection rule should be set aside, America’s Credit Unions, Cornerstone League, Rally Credit Union, and other organizations wrote in a consolidated motion for summary judgement filed in the U.S. District Court for the Southern District of Texas. The CFPB finalized its rule requiring financial institutions to collect and report …
America’s Credit Unions Chief Advocacy Officer Carrie Hunt wrote to National Taxpayers Union (NTU) President Pete Sepp to call out inaccuracies in a recent blog post. “While Mr. Bishop-Henchman and Mr. Putnam may be knowledgeable about tax policy, they clearly do not understand credit unions, the purpose they serve in the financial services industry, nor …
The Bureau of Labor and Statistics (BLS) released February’s consumer price index report Tuesday, noting inflation currently sits at 3.5%. “Inflation increased in February higher than expected, reversing the encouraging easing trend observed in the last quarter of the previous year,” said America’s Credit Unions Dawit Kebede. “Both headline and core prices showed a monthly …
Total assets at federally insured credit unions rose $88 billion, or 4.1%, to $2.26 trillion over the year ending in the fourth quarter of 2023, according to NCUA’s latest financial performance data. Insured shares and deposits grew $37 billion, or 2.2%, to $1.72 trillion. The delinquency rate at federally insured credit unions was 83 basis …
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