Browsing: Credit unions

Policy Bank buys raise questions about the ‘credit union difference’

Credit unions are swallowing up tax-paying banks at an alarming rate, using the tax break lawmakers granted them to serve people of modest means. Following a record 16 credit union bank buys announced in 2022, credit unions’ share of total bank purchases hit an all-time high last year.

Newsbytes Senators call for agency review of Navy Federal Credit Union

Senate Banking Committee Chairman Sherrod Brown (D-Ohio) along with nine senators called on the Consumer Financial Protection Bureau and Department of Housing and Urban Development to review Navy Federal Credit Union’s mortgage lending practices following media reports that it denied mortgages to Black and Hispanic applicants at high rates.

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