Page 10 - February 20, 2025 Bulletin

aRTiCLeS

Roughly 82% of Americans said they have a financial goal for The survey also asked respondents about their top concerns for
2025, with the most common goals being saving money and 2025. For banks, the top three concerns were deposit gathering;
paying off debt. The survey also found that most Americans efficiency, noninterest expenses and costs; and cost of funds. For
consider their emergency funds separate from their savings credit unions, the top three were new member growth, efficiency,
accounts, with most saying they tapped into their fund to cover non-interest expenses and costs; and deposit gathering.
holiday spending.
Read more: https://www.crnrstone.com/hubfs/2025_Whats-Going-
Read more: https://www.usnews.com/banking/articles/2025- On-in-Banking_FNL.pdf
financial-wellness-survey
Trump Nominates Pulte as FHFA
Financial Institution Executives Director
Question CFPB’s Data-Sharing Rule
President-elect Trump has nominated Bill Pulte as director of the
Roughly a third of bank and credit union executives believe the Federal Housing Finance Agency. Pulte is CEO of private equity
CFPB’s financial data sharing rule won’t benefit their institutions firm Pulte Capital Partners and a philanthropist. His grandfather
or customers, according to a recent survey by Cornerstone Bill Pulte is the founder of the home construction company Pulte
Advisors. Holmes.
The CFPB last year released a final rule implementing Section Current FHFA Director Sandra Thompson previously announced
1033 of the Dodd-Frank Act as part of a push to move the U.S. her plans to step down before Trump takes office. Among other
toward an “open banking” system. Among its provisions, the things, FHFA regulates Fannie Mae, Freddie Mac and the Federal
rule requires banks and other financial institutions to make a Home Loan Banks.
consumer’s financial information available to them or a third During a 2024 interview on Fox Business, Pulte blamed
party at the consumer’s direction.
regulation and the lack of housing supply for driving up home
The survey found that 33% of executives believe the rule won’t prices.
benefit their institutions or customers, while another 21% said “Until we increase supply, whether it comes from old homes…
it would benefit only customers. The same percentage – 21% or new homes, you’re going to have these prices go up,” he said.
– said it would benefit institutions and customers, while the “And if we don’t do something with regulation, and we don’t
remainder said they were not sure.
cut some of these regulations, I think you will see prices go way
higher.”

— 2024/2025 Edition —
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