The One Big Beautiful Bill: How Reconciliation Shaped Credit Union Policy

The “One Big Beautiful Bill Act” (OBBA) passed through Congress along party lines, preserving the credit union tax status while making significant changes to mortgage policy and CFPB funding. Zach Pfister joins the ONpoint Podcast policy series and breaks down the political dynamics behind major policy developments affecting credit union mortgage lenders and previews upcoming legislative challenges.

In this discussion with ACUMA President Peter Benjamin, Zach and he discuss:

• Credit union tax status was preserved despite being initially considered as a potential revenue source.
• Successful advocacy efforts included bipartisan congressional opposition and thousands of credit union members visiting Capitol Hill.
• CFPB funding cut by nearly 50%, from 12% to 6.5% of the Federal Reserve’s operating budget.
• FHFA Director Pulte is making significant policy announcements via social media.
• Changes to GSE conservatorship are potentially coming in the fall with a “novel approach.”

Tune in now to get this and much more!

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