Draft data privacy legislation addresses several areas of interest for America’s Credit Unions, but it falls short of addressing many credit union concerns, President/CEO Jim Nussle wrote to a House Energy and Commerce subcommittee. The letter was sent ahead of a hearing on the legislation unveiled last week. “Credit unions strongly support the idea of …
America’s Credit Unions President/CEO Jim Nussle wrote the Senate Banking Committee ahead of its annual oversight hearing of federal housing regulators, flagging that credit unions are an essential partner to the Federal Housing Finance Agency (FHFA). “During 2023, credit unions originated $105 billion in first-lien mortgages, and they sold more than 25% of those mortgage loans into …
The dollar amount of credit union loans outstanding decreased -0.06% in February, according to America’s Credit Unions’ latest Monthly Credit Union Estimates, compared to a -0.06% decrease in January and a 0.38% increase in February of 2023. The estimates are based on information from a monthly sample of credit unions and are revised when quarterly …
