The House on Tuesday passed legislation that would require banking agencies, including the National Credit Union Administration, to investigate the challenges facing groups that want to start a credit union or bank. The House passed [...]
Credit unions and banks would be prohibited from discriminating against people based on race, color, religion, national origin, sex, gender identity, or sexual orientation, under a bill introduced in the Senate by Banking Chairman Sherrod [...]
It’s sometimes said that Congress only moves fast when members “smell the jet fumes” as they prepare for a recess. If that’s the case, the House side of Capitol Hill must really stink [...]
The long-awaited Senate Democratic marijuana legislation would allow marijuana banking and would establish a new Community Development Financial Institution (CDFI) program to provide grants to communities that have been impacted by the War on Drugs. [...]
Federal credit union operating fees may be reduced next year as a result of the Nation Credit Union Administration running a budget surplus of about $18 million, NCUA CFO Eugene Schied told the agency board [...]
Senators want to know why credit unions, but not banks, receive free rent on military bases, according to the just-released Senate version of the FY23 defense authorization bill. And they want Pentagon officials to brief [...]
Employees at the National Credit Union Administration (NCUA) were slightly less happy in their jobs in 2021 than they were the year before, according to the latest “Best Places to Work in the Federal Government” [...]
While the House last week passed an FY23 defense authorization bill that includes marijuana banking and several other financial services provisions, it remains unclear if the Senate will accept any of them or if they [...]
House Republicans next week plan to try to amend the FY23 Financial Services Appropriations measure to prohibit postal banking and to stop financial regulators from assessing the risk of climate change. Those proposals were included [...]
The House agreed on Wednesday to consider proposals to legalize marijuana banking and to give the National Credit Union Administration (NCUA) third-party vendor authority, along with several other amendments that would affect the financial services [...]
The U.S. Postal Service (USPS) argued this week that the controversial pilot program it is operating is not a test of postal banking and therefore, it is not illegal. Currently being carried out in [...]
From marijuana to the National Credit Union Administration (NCUA)’s Central Liquidity Facility (CLF) House members want to load the FY23 defense authorization bill with a wish list of non-defense items. Whether or not they’[...]
Each quarter, the National Credit Union Administration’s (NCUA) Office of Credit Union Resources and Expansion publishes data on changes in federal credit unions’ (FCU) fields of membership (FOM), whether via expansion, conversion, or merger. [...]
It was only a matter of time before the business community got fed up with Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra. After all, he has been notably aggressive in his policing of the [...]
Saying they were caught by surprise, credit union and other financial services trade groups are asking the Consumer Financial Protection Bureau (CFPB) to extend the period for public comment on credit card late fees. “Part [...]
