Congress, the NCUA, and other regulators should work together to ensure credit unions can continue to serve millions of consumers, America’s Credit Unions President/CEO Jim Nussle wrote to the House Financial Services and Senate Banking Committees Wednesday in conjunction with hearings with federal financial regulators. NCUA Chairman Todd Harper was unable to attend due to …
America’s Credit Unions President/CEO Jim Nussle wrote in strong support of the Community Development Financial Institution (CDFI) Fund Transparency Act (H.R. 3161) prior to its scheduled markup by the House Financial Services Committee. The bipartisan bill would require Congressional testimony on the Treasury’s CDFI Fund’s operations and activities, and was introduced by Reps. John Rose, …
All seven credit union-supported candidates won in Tuesday’s primary elections in Maryland, Nebraska, and West Virginia. The primaries included elections for six open seats: four in the House and two in the Senate. In Maryland, the America’s Credit Unions PAC supported candidate Johnny “O” Olszewski Jr. to replace retiring incumbent Dutch Ruppersberger in the state’s …
The NCUA released the agenda for its May board meeting, noting the NCUA Board will receive its quarterly briefing on the Share Insurance Fund (SIF). The board meeting was originally scheduled for today but was moved to May 22 at 10 a.m. Eastern. The board meeting can be streamed live on the NCUA’s website. Information …
The Bureau of Labor and Statistics (BLS) released April’s consumer price index report Wednesday, noting inflation rose 0.3% last month. Indexes that increased include shelter, motor vehicle insurance, medical care, apparel, and personal care. The indexes for used cars and trucks, household furnishings and operations, and new vehicles decreased. “Headline and core inflation slowed down …
