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Military credit union group urges Congress to fund CDFIs

Annabelle Gordon/Bloomberg Advocates for military credit unions Tuesday urged top lawmakers on a senate appropriations subcommittee to restore funding for the Community Development Financial Institutions Fund, after the White House proposed eliminating new funding.  In the letter, addressed to Financial Services and General Government Subcommittee Chair Bill Hagerty, R-Tenn., and Ranking Member Jack Reed, D-R.I., […]

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Supreme Court

Supreme Court ruling won’t directly impact CFPB case

Bloomberg News The Supreme Court’s ruling allowing President Trump to proceed with mass firings of federal employees does not directly affect the Consumer Financial Protection Bureau, according to the CFPB’s employee union, which is fighting workforce reductions at the agency in court.  The CFPB’s union has a separate case pending before a panel of the

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Mortgage applications to buy a home jump to two-year high

US mortgage applications to purchase a home jumped to the highest level since early 2023 last week, even as borrowing costs barely budged. The Mortgage Bankers Association’s index of home-purchase applications advanced 9.4% in the week ended July 4, according to data out Wednesday. MBA’s measure of refinancing jumped by a similar amount to the

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