The House Financial Services Committee will mark up a resolution of disapproval of the CFPB’s credit card late fee rule starting Wednesday. America’s Credit Unions wrote in strong support of the resolution—which would void the rule through the Congressional Review Act—prior to the markup. The rule would cap credit card late fees at $8 and …
America’s Credit Unions President/CEO Jim Nussle urged the U.S. Postal Service (USPS) to end its experiment in postal banking and “return its focus to the core mission of making sure Americans get their mail in a timely manner” ahead of the Senate Committee on Homeland Security and Governmental Affairs’ hearing on oversight of the USPS. …
The Federal Housing Finance Agency (FHFA) will host a Federal Home Loan Bank (FHLBank) and Community Development Financial Institution (CDFI) Symposium in Washington, D.C., on June 20. The symposium follows a recommendation in FHFA’s FHLBank report released in November, which calls for increased FHLBank engagement with mission-oriented members. It will feature representatives from both CDFIs …
