Washington Credit Union Daily

Reporting on regulations, legislation and political developments affecting credit unions.

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Washington Credit Union Daily

Reporting on regulations, legislation and political developments affecting credit unions.

  • Home
  • News
    • Congress
      • House
      • Senate
    • Regulatory Agencies
      • CFPB
      • FHFA
      • Federal Reserve
      • NCUA
      • SBA
      • Treasury Dept
    • Courts
    • Elections
    • State and Local Governments
    • Trade Associations
    • NYC Taxi Medallions
  • On the Agenda
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  • Contact Us

Biden Administration Pledges Support for CDFIs & MDIs

December 24, 2020David BaumannTreasury Dept

Treasury Secretary-designate Janet Yellen met with representatives of Community Development Financial Institutions and Minority Depository Institutions and made a commitment on behalf of the Biden Administration to support the program.

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Administration Opposes CDFI Funding After Trump Touted Program During Campaign

December 2, 2020David BaumannTreasury Dept

President Trump appears to have gone back on a commitment he made during the recent presidential campaign and is once again opposing funding for the Community Development Financial Institutions program.

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FinCEN Extends Money Laundering Rules to Non-Federally Insured Credit Unions

September 17, 2020David BaumannTreasury Dept

The Financial Crimes Information Network (FinCEN) has released a final rule requiring banks and credit unions that are not regulated by the federal government to comply with Anti-Money Laundering regulations.

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Trump Administration Sets Aside $10 Billion for CDFI Loans, Boosting a Program It Tried to Kill

May 28, 2020David BaumannTreasury Dept

In a major policy reversal, the Trump Administration announced Thursday that it was setting aside $10 billion in the Paycheck Protection Program for loans made by Community Development Financial Institutions.

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Topics

About the Daily American Bankers Association Biden Capital Requirements CDFI set-asides Center for Responsible Lending Central Liquidity Facility Charters Community Development Financial Institutions Community Development Revolving Loan Fund Consumer Financial Protection Bureau Coronavirus Response Credit Union National Association Federal Housing Finance Agency Federal Reserve Board Fields of Membership Government Accountability Office House Financial Services Committee House Small Business Committee Independent Community Bankers of America Low-Income Credit Union Marijuana/Cannabis Banking Member Business Lending Cap Minority Depository Institutions National Association of Federally-Insured Credit Unions National Association of State Credit Union Supervisors National Credit Union Administration Obama Administration Overdraft Rule Paycheck Protection Program Payday Loans Postal Banking Remittance Rule Senate Banking Committee Share Insurance Fund Small Business Administration Small Business Administration Loans Treasury Department Trump Administration U.S. Congress U.S. Supreme Court

David Baumann, Editor

A veteran Washington reporter, David spent four years as Washington correspondent for the Credit Union Times before starting Washington Credit Union Daily.  He has spent his career writing and editing for many of the capital’s leading publications, including CongressDaily, National Journal magazine and Congressional Quarterly Weekly. He was part of a team that won a 2005 National Headliner Award for a special issue of National Journal on “The State of Congress.”  He holds a B.A. in political science from The George Washington University and an M.A. in journalism from Indiana University.

Useful Links

National Credit Union Administration

Consumer Financial Protection Bureau

House Financial Services Committee

Senate Banking Committee

Credit Union National Association

National Association of Federally-Insured Credit Unions

National Association of State Credit Union Supervisors

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