THE news

WASHINGTON–The House has passed the Secure and Fair Enforcement (SAFE) Banking Act, which provides a number of protections for financial institutions serving cannabis businesses in states where marijuana has been legalized in some form.

ARLINGTON, Va.—While there was "sagging" home sales through the early part of this year, NAFCU Chief Economist and Vice President of Research Curt Long said, "the housing market has recovered nicely," as existing-home sales grew 1.3% (seasonally adjusted) in August to 5.49 million units.

WASHINGTON–The Justice Department’s announcement that it will join with the CFPB in an appeal to the U.S. Supreme Court that argues its  leadership structure is a violation of the Constitution is being blasted by at least one consumer group.

TALLAHASSEE, Fla.–First Commerce Credit Union said it is buying The Citizens Bank in Nashville, Ga. The bank is located approximately 90 miles from FCCU’s headquarters, but has branches in Southwest Georgia that are closer.

NEW YORK–Federal prosecutors in Manhattan have opened an investigation into possible lending fraud in the New York City taxi industry, and a number of now-defunct credit unions are expected to be involved.