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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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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!
Sponsored by Loan Vision.
Chapters
1. Introduction and Sponsorship (00:00:00)
2. One Big Beautiful Bill Overview (00:01:56)
3. Credit Union Tax Status Preservation (00:04:47)
4. CFPB Funding Cuts and Future Outlook (00:10:09)
5. Government Funding and Partisan Challenges (00:16:37)
6. FHFA Updates and Policy Developments (00:22:25)
100 episodes
