Credit Union News — March 2026
Credit union industry reporting published in March 2026.
- J.D. Power Sees ‘Soft Switching’ Threat As Bank Customers Quietly Move Money Elsewhere — TROY, Mich.— Retail banks may be holding steady on overall customer satisfaction, but new data from J.D. Power suggest many customers are quietly deepening relationships elsewhere, a sign of what…
- OCC: Mortgage Performance Holds Firm, But Foreclosures Rise From Year Ago — WASHINGTON--Mortgage performance remained broadly stable at the nation’s largest bank servicers at year-end, but foreclosure activity picked up notably from a year earlier, according to the Office…
- Matthew Ballou Tapped To Lead WyHy FCU — CHEYENNE, Wyo.—WyHy Federal Credit Union has named Matthew Ballou CEO, succeeding longtime leader Bill Willingham, who has been with the $411-million credit union since 1984 and has served as CEO…
- PYMNTS: Quick Reporting Greatly Improves Odds Of Scam Recovery — NEW YORK— Scams often succeed because victims send money before they have time to stop and think, with nearly two-thirds of scam payments made within 24 hours, according to a November report from…
- NCUF Launches Inaugural DE Alumni Advisory Group — MADISON, Wis. — The National Credit Union Foundation has launched its inaugural Credit Union Development Education (DE) Alumni Advisory Group, a new initiative aimed at deepening engagement across…
- Consumer Confidence Ticks Higher, But Inflation And Recession Fears Deepen — WASHINGTON— U.S. consumer confidence edged higher in March, but the underlying message was less reassuring, as Americans grew more worried about inflation, interest rates and recession risks even as…
- NCUA Bans Two People From Credit Unions — ALEXANDRIA, Va.--NCUA issued two conviction-based prohibitions in March, the agency announced. The individuals named below are permanently prohibited from participating in the affairs of any…
- Zelle Expands MDI Access Program, Adds Jack Henry Alongside Velera — NEW YORK—Zelle is expanding its push to bring faster digital payments to minority-focused financial institutions, renewing its partnership with Velera for MDI credit unions and adding Jack Henry to…
- DOL Opens Door Wider To Private Equity, Crypto In 401(k) Plans — WASHINGTON—The U.S. Department of Labor on Monday unveiled a proposed rule that would make it easier for 401(k) and other participant-directed retirement plans to include alternative assets—such as…
- America’s Credit Unions Backs Four More NCUA Deregulation Proposals — WASHINGTON--Changes outlined in four proposals issued by the NCUA as part of its Deregulation Project have America’s Credit Unions’ support, the trade group said. "There are more comments planned…
- NCUA Prohibits Two Individuals from Participating in the Affairs of Any Federally Insured Depository Institution — Alexandria, VA (March 31, 2026) ― The National Credit Union Administration issued two conviction-based prohibitions in March 2026. The individuals named below are permanently prohibited from…
- DCUC Submits Four Comment Letters Supporting NCUA Deregulatory Efforts — WASHINGTON– The Defense Credit Union Council Monday submitted four comment letters to NCUA in response to the agency’s fourth round of proposals under its ongoing Deregulation Project. In its…
- Think Your Backups Will Save You? Ransomware Gangs Are Coming For Them Now — SAN FRANCISCO--If credit unions believe strong backups alone are enough to blunt a ransomware attack, security experts say that assumption is becoming increasingly risky as threat actors shift their…
- REGIONAL FCU Names Michael Peters President, CEO — WINFIELD, Ind.— The $182.3-million REGIONAL FCU has named Michael Peters president and CEO, succeeding longtime leader Jill Banning following what the credit union said was nearly four decades of…
- America’s Credit Unions: Reconciliation Path Uncertain As Industry Prepares To Defend Tax Status — WASHINGTON--America’s Credit Unions President and CEO Scott Simpson said Monday that while congressional Republicans are exploring a second budget reconciliation package, significant political and…
- Treasury Moves To Fully Implement FinCEN Whistleblower Program — WASHINGTON--The Treasury Department’s Financial Crimes Enforcement Network has proposed rules to fully stand up a long-awaited whistleblower program that would pay individuals 10% to 30% of…
- 'Allied For Good: CU4Kids Grant' Awards $85,000 To Support Credit Union Fundraising For Local Children’s Hospitals — CARMEL, Ind. – Allied Solutions announced the recipients of the inaugural Allied for Good: CU4Kids Grant, awarding 37 grants to credit unions and affinity groups in 19 states. Launched as an…
- NCUA Rolls Out Streamlined Charter Application Platform For New CUs — ALEXANDRIA, Va.—NCUA has launched the first phase of a new streamlined online charter application system, marking what Chairman Kyle Hauptman said is a key step toward making it easier to form new…
- Merchants Renew Push For Credit Card Bill, Saying Easter Swipe Fees Will Top Half A Billion Dollars — WASHINGTON— Credit card “swipe fees” could add nearly $600 million to Americans’ Easter spending this year, according to the Merchants Payments Coalition, which said the added cost underscores fresh…
- Waters Seeks Transparency On Fed’s ‘Limited Purpose’ Account Granted To Kraken Financial — WASHINGTON— House Financial Services Committee Ranking Member Maxine Waters (D-CA) is pressing the Federal Reserve Bank of Kansas City for more details on its decision to grant Kraken Financial…
- ABA Report Warns Credit Unions Are Expanding Commercial Lending, Drifting From Core Mission — WASHINGTON— An analysis in ABA Banking Journal argues that credit unions have sharply expanded commercial lending in ways that raise questions about mission, risk and oversight, contending larger…
- NCUA Releases New Charter System — Alexandria, VA (March 30, 2026) ―The National Credit Union Administration (NCUA) is announcing the release of a streamlined Phase 1 system for new charter applications, with additional updates to…
- Sure Thing No More: House Rebuff Leaves DHS Shutdown Dragging On Despite Early Senate Breakthrough — WASHINGTON— Hopes that the Department of Homeland Security shutdown would end Friday dimmed quickly today after House Republicans rejected a Senate-passed bill that had been expected to reopen most…
- DCUC, ACU Back NCUA Plan To Let FCUs Reimburse Dependent Care Costs For Volunteer Officials — WASHINGTON--The Defense Credit Union Council and America's Credit Unions Friday submitted comments in support of NCUA’s proposed rule to allow federal credit unions to reimburse dependent care costs…
- 2026 ALM First Financial Institute Concludes After Three Days of Key Insights And Learning — DALLAS--The 2026 ALM First Financial Institute wrapped up this week after three days of educational sessions at The Ritz-Carlton Dallas, Las Colinas. The industry-leading conference closed with a…
- Trump Administration Broadens ‘Debanking’ Crackdown To Major Payment Firms — WASHINGTON— The Federal Trade Commission on Thursday warned four of the nation’s biggest payment companies that cutting off consumers for political or religious reasons could trigger enforcement…
- Man With Life-Threatening Gunshot Wounds Walks Into Alabama Credit Union — MOBILE, Ala.— A man suffering from what police said were self-inflicted gunshot wounds walked into a New Horizons Credit Union branch on Airport Boulevard on Thursday, telling employees he had shot…
- Fed’s Barr Flags Sticky Inflation, Middle East Risks—And Sounds Alarm On Bank Oversight Cuts — WASHINGTON— Federal Reserve Gov. Michael Barr said Thursday the Fed is right to keep interest rates steady as it weighs a still-stubborn inflation picture, geopolitical risks and a labor market he…
- NACUSO Names Finalists For 2026 Next Big Idea Competition — DALLAS— NACUSO (National Association of Credit Union Service Organizations) has named the finalists for its 2026 Next Big Idea Competition, with Charm Security, Crebit, Duome, and Starlight…
- TruStage Reports Strong 2025 Financial Performance, Generating Over $6 Billion In Revenue And Advancing Consumer Protection — MADISON, Wis.--TruStage reported strong financial performance in 2025 across its diverse product and solutions portfolio, despite a challenging market environment, the company reported. TruStage…
- FCC Advances Call Center Offshoring Rulemaking, Citing Fraud And Robocall Risks — WASHINGTON--The Federal Communications Commission voted Thursday to issue a rulemaking with new requirements for call center offshoring and English proficiency at such centers, America's Credit…
- NCUA Says It’s Evolving Supervision As Credit Unions Embrace AI, Fintech — WASHINGTON--The NCUA supports reasonable tech adoption for credit unions and is strengthening its own supervisory approach by integrating fintech expertise into examinations. Addressing this in…
- DCUC Supports NCUA Proposal on Dependent Care Reimbursement — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has submitted comments in support of the National Credit Union Administration’s (NCUA) proposed rule to allow federal credit unions to…
- GAO Presses FBI, CFPB, FTC To Move Faster On Coordinated Anti-Scam Effort — WASHINGTON— A new Government Accountability Office report is pressing the federal government to move quickly on a coordinated anti-scam strategy, warning that at least 13 agencies are working on…
- Floridacentral CU Expands Brand Presence With BayCare Sound VIP Lounge Deal — CLEARWATER, Fla.— The $599.4-million Floridacentral Credit Union has secured naming rights to the top-tier VIP hospitality space at The BayCare Sound, with the venue’s premium lounge now branded the…
- Goliath Ventures Fallout Grows As New Lawsuits Target Bank Of America, Broad Financial — WASHINGTON— Litigation tied to the alleged $328-million Goliath Ventures cryptocurrency fraud is widening, with two new proposed federal class actions accusing Bank of America and New Jersey-based…
- 36 Innovators, One Transformative Program: Introducing The 2026 CUES Emerge Cohort — MADISON, Wis.— March 26, 2026 —Thirty-six emerging leaders from across North America have been selected to participate in the 2026 CUES Emerge competition, CUES announced. Representing 18 U.S.…
- DCUC Warns Budget Panels: Don’t Target CU Tax Status In ‘Reconciliation 2.0’ — WASHINGTON—The Defense Credit Union Council Thursday sent a letter to both the House and Senate Budget Committees’ leadership regarding ongoing discussions around a potential “Reconciliation 2.0”…
- Mortgage Rates Average 6.38% — MCLEAN, Va.--The 30-year fixed-rate mortgage averaged 6.38% this past week, Freddie Mac reported. "Mortgage rates this week averaged 6.38%," said Sam Khater, Freddie Mac's chief economist. “The…
- Mortgage Application Payments Decreased In February — WASHINGTON – Homebuyer affordability improved in February, with the national median payment applied for by purchase applicants decreasing to $2,061 from $2,070 in January, according to the Mortgage…
- Cotton Bill Would Bar Undocumented Immigrants From Banks, Credit Unions — WASHINGTON— Sen. Tom Cotton (R-AR) has introduced legislation that would bar immigrants in the country illegally from opening or maintaining accounts at U.S. financial institutions, including…
- UBS Faces Continued Class Action Over Low-Yield Cash Sweep Accounts — NEW YORK— A federal judge in New York has allowed key contract claims to move forward in a proposed class action accusing UBS Financial Services Inc. of steering customers’ uninvested cash into…
- Treasury, FSOC Seek Tougher Standard For Nonbank SIFI Designations — WASHINGTON— The Financial Stability Oversight Council on Wednesday unanimously approved proposed guidance that would make it harder to designate nonbank financial companies for enhanced Federal…
- DCUC Calls on Congress: Safeguard Credit Union Tax Status in Reconciliation 2.0 — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has sent a letter to both the House and Senate Budget Committees’ leadership regarding ongoing discussions around a potential “Reconciliation…
- Deposit Insurance Reform Back On the Table as Congress Eyes New Protection For Business Deposits — WASHINGTON— Bipartisan lawmakers in the House and Senate on Wednesday introduced the Main Street Depositor Protection Act, legislation that would expand federal deposit insurance for…
- State-Level Stablecoin Push: Delaware Seeks New Regulatory Framework — DOVER, Del.— Delaware lawmakers this week introduced legislation that would create a state licensing framework for payment stablecoin issuers, a move CryptoRank said could position the state as an…
- Former W.O.D. FCU Employee Gets Prison In $16K Theft, Staged Robbery Scheme — SCRANTON, Pa.—A former employee of the now-defunct W.O.D. FCU has been sentenced to eight months in prison after admitting she stole more than $16,000 from the small $2.5-million Pennsylvania credit…
- DCUC Backs Waters’ Push for Housing Bill Conference, Urges CU Priorities Be Included — WASHINGTON--Wednesday, the Defense Credit Union Council sent a letter to Maxine Waters, ranking member of the House Financial Services Committee, applauding her leadership in calling for a formal…
- With Graham Signaling New Budget Bill, Credit Unions Brace For Tax Debate — WASHINGTON— Senate Budget Committee Chairman Lindsey Graham’s comments Wednesday that Republicans will “expeditiously move toward creating a second budget reconciliation bill” are giving new shape…
- Velera Sets CEO Transition As Chuck Fagan Plans Retirement — TAMPA-- Velera President and CEO Chuck Fagan will retire at the end of the company’s current fiscal year on Sept. 30, 2026, the CUSO announced Wednesday. Brian Caldarelli, executive vice president,…
- Fed’s Barr Sees No Rush To Cut Rates, Highlights CRA As Key Bank Framework — PHOENIX— Federal Reserve Gov. Michael Barr used a speech at the 2026 National Community Investment Conference in Phoenix Tuesday to signal that financial institutions should expect the Fed to remain…
- As Card Mandates Loom, ACU Expands Tools To Defend Interchange — WASHINGTON--As credit unions work to prevent new credit card mandates from moving forward in Congress and fight interchange efforts on the state level, America’s Credit Unions noted it has advocacy…
- DCUC Applauds HFSC Ranking Member Waters’ Call for Conference Committee — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) sent a prompt letter to Maxine Waters, Ranking Member of the House Financial Services Committee, applauding her leadership in calling…
- DCUC Urges NCUA to Review Capital Framework to Maintain Competitiveness — WASHINGTON, DC – The Defense Credit Union Council (DCUC) sent a letter to National Credit Union Administration (NCUA) Chairman Kyle S. Hauptman, urging the agency to conduct a comprehensive review…
- Fort Worth Community CU Names New CEO — FORT WORTH, Texas— Michael Massey has been named president and CEO of Fort Worth Community Credit Union, marking a move from Houston-based TDECU, where he most recently served as president of TDECU…
- Banks Far Outpace Fintechs, Crypto In Fraud Trust Survey — WASHINGTON— U.S. adults overwhelmingly trust banks more than any other institution to protect them from fraud, according to new survey data released by the American Bankers Association. In the…
- NuMark Pays Members $1.4M-Bonus, Equal To 23% Of Net Income — JOLIET, Ill.— The $850-million NuMark Credit Union said it has returned more than $1.4 million to members through a cash bonus program linked to member engagement, with the payout representing about…
- Capital One Wins Again As Judge Dismisses Consumer Challenge To Discover Deal — SAN FRANCISCO— A federal judge in California has again dismissed a consumer antitrust challenge to Capital One’s completed $35-billion acquisition of Discover, ruling that credit card users still…
- Day 1 Of ALM First Financial Institute Kicks Off With Economic Overview, Depository Trends & Timely Insights — DALLAS--The first day of ALM First’s Financial Institute kicked off Monday at The Ritz-Carlton Dallas, Las Colinas with an Economic Overview tailored specifically to financial institutions. ALM…
- JM Associates FCU Says Dolphin Debit Partnership Delivers ATM Relief, Cost Cuts — JACKSONVILLE, Fla.— The $148-million JM Associates FCU here has outsourced management of its seven-machine ATM fleet to Dolphin Debit, a move the credit union said is already reducing costs, easing…
- NCUA Announces Eighth Round Of Deregulation Proposals — ALEXANDRIA, Va.--NCUA Tuesday announced the eighth round of proposed regulatory changes associated with the agency's Deregulation Project. With today’s announcement, NCUA is requesting comments on a…
- Fed Rate Talk Swings Sharply, With No 2026 Cuts—And Even Hike Talk—Now In Play — WASHINGTON— The latest talk around U.S. interest rates has swung sharply in just days, with markets moving from expecting at least one Federal Reserve rate cut in 2026 to increasingly pricing in no…
- Marquis Breach Tally Climbs To 672,075 — PLANO, Texas— Marquis Software Solutions, a Plano-based fintech vendor whose 2025 ransomware attack has impacted numerous credit unions, has now disclosed that the incident affected 672,075…
- ACU Urges Lawmakers To Preserve Community Lender Role In Final Housing Package — WASHINGTON--The House and Senate have passed slightly different versions of the 21st Century ROAD to Housing Act, a bill to expand available financing for affordable housing. Congress must resolve…
- SEC, CFTC Strike New Pact To Cut Regulatory Overlap, Advance Crypto Clarity — WASHINGTON— The Securities and Exchange Commission and Commodity Futures Trading Commission said they have entered into a new memorandum of understanding aimed at improving coordination between the…
- Suspect Arrested After Alleged Armed Holdup At Austin Telco FCU — AUSTIN, Texas— Federal authorities have arrested a Round Rock man in connection with the alleged armed robbery of Austin Telco FCU office, where prosecutors say more than $113,000 was stolen during…
- ESCUD Pushes NCUA, CFPB To Lift NMLS Burden On Small CUs — KENNEWICK, Wash.— Doug Wadsworth, president/CEO of the $75-million Tri-CU Federal Credit Union and president of the Endangered Small Credit Union Defense (ESCUD), is pressing both the NCUA and CFPB…
- Miran: Iran Conflict Adds Uncertainty, But Monetary Path Still Unclear — WASHINGTON— Federal Reserve Gov. Stephen Miran said Monday it remains too early to determine how the economic fallout from the U.S.-Iran conflict should affect monetary policy, even as he continued…
- New Treasury AI Series Signals Push To Speed Responsible Adoption In Finance — WASHINGTON— The Financial Stability Oversight Council’s Office and the Treasury Department’s Artificial Intelligence Transformation Office have launched a new public-private “AI Innovation Series,”…
- DHS Shutdown Enters Month Two, Raising Pressure—And New CU Concerns — WASHINGTON— With the Department of Homeland Security shutdown now stretching into its second month, the Defense Credit Union Council said Monday the standoff has become the most urgent issue on…
- ACU’s Simpson Says French Hill Open To More Talks On CU Relief — WASHINGTON— America’s Credit Unions President/CEO Scott Simpson said Monday he came away from Friday’s roundtable with House Financial Services Committee Chairman French Hill “optimistic” that…
- Simplified CECL Tool Updated For March 2026 — ALEXANDRIA, Va. – NCUA Monday released the March 2026 update of its Simplified CECL Tool. The update provides the latest life-of-loan—or Weighted Average Remaining Maturity—factors. Also, the update…
- Capital One Wins Initial Round As Judge Dismisses Trump Account-Closure Suit — MIAMI— A federal judge in Florida has dismissed a lawsuit brought by President Donald Trump’s business entities accusing Capital One of closing hundreds of accounts after the Jan. 6, 2021, Capitol…
- Illinois League, ACU Warn Consumers On IFPA In USA Today Push — CHICAGO--The Illinois Credit Union League and America's Credit Unions have an ad featured in a special edition of USA Today to raise awareness about the consequences of the state's Interchange Fee…
- Suspect In Credit Union Robbery Told Teller He Was Armed ‘With Jesus’ — ANCHORAGE, Alaska—An Anchorage man is facing multiple felony charges after allegedly robbing a Credit Union 1 branch while claiming he was armed only “with the power and authority of Jesus,”…
- FICO Launches New Credit Insights Platform For Lenders, Credit Unions — BOZEMAN, Mont.— FICO has launched a new digital platform designed to help lenders test credit scoring strategies, benchmark portfolio performance and explore ways to expand credit access, with one…
- Mountain CU CEO Amy Woody To Retire in April After 28 Years — WAYNESVILLE, N.C.—Amy Woody, president and CEO of the $120-million Mountain Credit Union, will retire in April after 28 years of service with the organization and 34 years in the credit union…
- America’s Credit Unions, Cornerstone League Host Chairman French Hill For Arkansas Credit Union Roundtable — LITTLE ROCK, Ark.--America’s Credit Unions and the Cornerstone Credit Union League Friday hosted House Financial Services Committee Chairman French Hill for a roundtable with Arkansas credit unions,…
- AI Gets Washington Roadmap: White House Pushes National Rules, Anti-Fraud Focus — WASHINGTON— The White House on Friday released a new national policy framework for artificial intelligence that urges Congress to take a light-touch approach to federal AI legislation while calling…
- After CEO Search Announcement, Beeler Says She’s Committed To Leading League Of CUs & Affiliates — TALLAHASSEE, Fla.— The League of Credit Unions & Affiliates’ decision to launch a national search for its next CEO is not expected to signal an immediate change for President Samantha Beeler, who…
- DCUC Presses NCUA For Capital Framework Review To Preserve CU Parity — WASHINGTON— With federal banking regulators moving this week to overhaul bank capital rules, the Defense Credit Union Council is urging NCUA to launch its own broad review of credit union capital…
- Brightview CU Taps United Solutions Company For End-to-End Collections Support — TALLAHASSEE, Fla.— United Solutions Company said it has completed the onboarding of Brightview Credit Union’s collections accounts, expanding the company’s collections and recovery services for…
- Probe Into Powell Testimony Delays Warsh, Could Keep Fed Chair In Place Longer — WASHINGTON— President Donald Trump’s effort to replace Federal Reserve Chair Jerome Powell could end up keeping Powell in place longer, after a Justice Department investigation into Powell’s past…
- CU Loan Growth Picks Up In January, Led By HELOCs And Personal Lending — WASHINGTON--Credit union loans outstanding increased 0.51% in January 2026 compared to a 0.04% increase in the previous month and a 0.21% increase in January 2025, according to America’s Credit…
- Regulators Launch Broad Rewrite Of Bank Capital Rules, Eye Lower Requirements — WASHINGTON— Federal banking regulators on Thursday formally launched what could become the biggest rewrite of U.S. bank capital rules in years, unveiling a package of proposals aimed at easing and…
- JPMorgan Faces ‘Gatekeeper Liability’ Test In $328M Goliath Crypto Fraud Suit — SAN FRANCISCO— A proposed class action filed in California federal court is accusing JPMorgan Chase Bank, N.A. of helping enable what investors say was a $328-million cryptocurrency fraud tied to…
- AI, Not FICO, May Define The Future Of Consumer Credit, Propel Says — NEW YORK— Propel Holdings CEO Clive Kinross is making a blunt case that the traditional FICO score is losing relevance for a growing share of U.S. borrowers, arguing that AI-driven underwriting…
- ‘Not A Dictatorship’: Todd Lane Breaks Silence On Cal Coast-SDCCU Battle — SAN DIEGO— For months, the implosion of the proposed merger between California Coast Credit Union and San Diego County Credit Union has played out in court filings, regulatory correspondence and a…
- Average 30-Year Fixed-Rate Mortgage At 6.22% — MCLEAN, Va.--The 30-year fixed-rate mortgage inched up this past week, averaging 6.22%, Freddie Mac reported. "The 30-year fixed-rate mortgage edged up this week to 6.22% but remains nearly half a…
- Landmark CU Agrees To Buy North Shore Bank Branch, Marking It’s Second Bank Buy In Two Weeks — MILWAUKEE –The $7-billion Landmark Credit Union has agreed to buy a branch of North Shore Bank, located in McHenry, Ill, the CU announced. The deal closely follows Landmark’s agreement to purchase…
- Thinkwise Launches Zelle, Becoming First MDI Credit Union In Velera-Zelle Access Initiative — TAMPA— The $120-million Thinkwise Federal Credit Union has become the first Minority Depository Institution (MDI) credit union to offer Zelle through the recently launched program from Velera and…
- More Attacks On CU-Bank Deals Arrive As Wisconsin Bankers Target Landmark Pact — MADISON, Wis.— The political and public-relations fight over credit unions buying banks is widening again, with the Wisconsin Bankers Association launching a fresh attack after Landmark Credit…
- Powell Signals He May Remain At Fed Beyond Chair Term If Probe Lingers — WASHINGTON— Federal Reserve Chair Jerome Powell said Wednesday he plans to remain on the Federal Reserve Board if the U.S. Department of Justice investigation into him is still unresolved when his…
- ACU: All 14 PAC-Backed Illinois Candidates Win Primaries — WASHINGTON--All 14 America’s Credit Unions PAC-backed candidates in Illinois won their primaries on Tuesday, ACU reported. Two races to note include the 7th and 8th Congressional Districts. Former…
- Advocacy in Action: Congress Must Protect Credit Unions in Reconciliation 2.0 — As Republicans in Congress begin discussing what many on Capitol Hill are calling “Reconciliation 2.0,” credit unions across the country are once again watching closely. Large legislative packages…
- CEO Update: Serving on DCUC's Board of Directors — The Defense Credit Union Council is very blessed to have the movement’s best leaders serving on the DCUC Board of Directors. Each director plays a vital role not only in setting the strategic…
- Capital Corner: Housing Bill Gives DCUC Another Opportunity to Push CU Reforms — Congressional passage of bipartisan housing legislation, by overwhelming margins in both chambers, paves the way for a House-Senate conference that could produce a final bill that includes…
- CEO Search At The League Raises Questions About Next Leadership Structure — TALLAHASSEE, Fla.— The League of Credit Unions & Affiliates Wednesday announced that its board has approved a national search for the organization’s next CEO. “The decision follows a series of…
- Survey: Consumers Want Fintechs Held To Same Rules as Banks — WASHINGTON— Consumers want fintech firms that offer bank-like services to follow the same rules as traditional banks, according to a new survey conducted by Morning Consult on behalf of the American…
- Senate Crypto Framework Talks Regain Steam; Stablecoin Draft Could Come This Week — WASHINGTON— A long-stalled U.S. Senate effort to create a broader regulatory framework for the cryptocurrency market may be regaining momentum, with Senate Banking Committee Chairman Tim Scott…
- Fed Holds Rates Steady, Flags Middle East Risks As Inflation Stays Elevated — WASHINGTON— The Federal Reserve held its benchmark interest rate steady Wednesday, leaving the federal funds target range at 3.50% to 3.75% as policymakers said the economy continues to expand at a…
- NCUA Q4 Data Show Stronger CU Balance Sheets, Ongoing Membership Strain for Smaller CUs — ALEXANDRIA, Va.--Federally insured credit unions posted stronger balance sheet growth in 2025, with median assets rising 3.3% year-over-year in the fourth quarter and median loans outstanding up…
- equipifi and CUSG Announce Strategic Partnership To Bring BNPL Capabilities To CUs Nationwide — SCOTTSDALE, Ariz./ROYAL OAK, Mich.-BNPL platform provider equipifi said it has partnered with CUSG to expand embedded installment-payment options for credit unions, allowing institutions working…
- Sunstate Bank Partners With InvestiFi To Enable Stock, ETF And Crypto Investing Directly From Checking Accounts — DOVER, Del.—InvestiFi said it has partnered with Sunstate Bank to embed its investing platform directly into the bank’s online banking experience, allowing customers to buy and manage investments…
- Mastercard Makes $1.8B Bet On Stablecoins With BVNK Acquisition — PURCHASE, N.Y.—Mastercard said it has signed a definitive agreement to acquire stablecoin infrastructure provider BVNK for up to $1.8 billion, including $300 million in contingent payments, in a…
- NCUA Releases Q4 2025 State-level Credit Union Data Report — Alexandria, VA (March 18, 2026) ― The National Credit Union Administration (NCUA) today released its fourth quarter state-level credit union data report for 2025. Report findings indicate that for…
- Small Credit Unions Put Fraud At Top of Concern List In ACU Panel Meeting — WASHINGTON--Fraud is a top concern across all financial services, but smaller credit unions with less staff and fewer resources can be hit especially hard. America’s Credit Unions Small Credit Union…
- Treasury Flags Rising Fraud, Cybercrime Risks In New Illicit-Finance Warning — WASHINGTON— The U.S. Department of the Treasury has issued a new trio of national risk assessments warning that financial institutions face growing exposure to a broad mix of illicit-finance…
- 13 State AGs Sue OneMain, Alleging Hidden Add-On Charges On Subprime Borrowers — NEW YORK— A bipartisan coalition of 13 state attorneys general has sued OneMain Financial, alleging the installment lender saddled subprime and other financially vulnerable borrowers with hundreds…
- Mastercard Deepens Crypto Play With New Global Partner Network — PURCHASE, N.Y.— Mastercard said it is launching a new global Crypto Partner Program, bringing together more than 85 crypto-native firms, payments providers and financial institutions as the company…
- GECU CEO Crystal Long To Retire at End Of April After 15 Years — EL PASO, Texas— GECU President and CEO Crystal Long has announced she will retire at the end of April after 15 years leading the credit union, saying the timing is right to position the institution…
- Digital Remittances To Mexico Overtake Cash For First Time — MEXICO CITY, Mexico--Digital remittances from the U.S. to Mexico have overtaken cash for the first time, marking a significant shift in the world’s largest remittance corridor and underscoring how…
- Debit, Credit Card Use Grew in February Even as Sentiment Softened, Velera Reports — TAMPA--Debit and credit card transactions and purchases strengthened in February, despite a backdrop of continued slow job growth, subdued consumer sentiment and rising global tensions, reported…
- OCC Joins Fight To Block Illinois Swipe-Fee Law Ahead Of July 1 — WASHINGTON— A top federal banking regulator has now formally joined the banking industry’s push to block Illinois’ controversial swipe-fee law, with the Office of the Comptroller of the Currency…
- Warren Presses Top Auto Lenders Over Higher Rates Charged To Service Members — WASHINGTON— Senate Banking Committee Ranking Member Elizabeth Warren (D-MA) is escalating scrutiny of the auto-lending market, sending letters to the nation’s five largest auto lenders seeking…
- War In Middle East Complicates Fed Meeting, Clouds Path On Rates — WASHINGTON— Federal Reserve officials meet this week facing a policy outlook suddenly complicated by the Iran conflict, which has disrupted roughly a fifth of global oil supply and raised the…
- Survey: FIs Face Growing Vendor Risk With Flat Budgets, Lean Staffs — NASHVILLE, Tenn.— Financial institutions are managing third-party risk with lean staffs, flat budgets and growing concern over vendor AI exposure, according to Ncontracts’ 2026 State of Third-Party…
- Elevations CU Names Michael Calcote President, CEO — BOULDER, Colo.— The $3.5-billion Elevations Credit Union has named longtime executive Michael Calcote as its new president and CEO, elevating the veteran finance and risk leader after more than a…
- Filene To Launch New Center Focused On Differentiation, Storytelling In Financial Services — MADISON, Wis.--The Filene Research Institute will launch a new research center in July 2026 focused on Differentiation & Storytelling, an initiative aimed at helping financial institutions better…
- DCUC To Congress: Strengthen Final Housing Bill With Critical Credit Union Reforms — WASHINGTON--Following the recent Senate passage of the H.R.6644 - 21st Century ROAD to Housing Act, the Defense Credit Union Council sent a letter to leaders of the House Financial Services…
- DCUC Backs NCUA Reg Streamlining In Four New Comment Letters — WASHINGTON--The Defense Credit Union Council Monday submitted four comment letters to NCUA addressing several proposed rulemakings and policy changes aimed at streamlining regulations and improving…
- ACU, DCUC Urge Congress To Modernize Financial Privacy Rules — WASHINGTON— America’s Credit Unions and the Defense Credit Union Council are both urging lawmakers to modernize the nation’s financial privacy rules ahead of a House Financial Services Committee…
- Credit Unions Push Back As Mortgage Deregulation Spotlight Falls On Banks — WASHINGTON— The Defense Credit Union Council is intensifying its push for explicit credit union inclusion in the Trump Administration’s mortgage lending deregulation effort, with Chief Advocacy…
- Temple Santa Fe Community Credit Union Joins DCUC — WASHINGTON--The $25-million Temple Santa Fe Community Credit Union has become the newest member of the Defense Credit Union Council, DCUC announced. Chartered in 1954 to serve employees of the…
- California Judge Says Vought Broke Law In Move To Starve CFPB Of Funds — WASHINGTON— A federal judge in California has ordered the Consumer Financial Protection Bureau to continue seeking operating funds from the Federal Reserve, ruling that acting CFPB Director Russell…
- Federal Judge Halts Subpoenas Targeting Powell, Says Evidence Was Lacking — WASHINGTON— A federal judge has blocked a pair of Justice Department subpoenas aimed at the Federal Reserve in connection with a criminal probe of Chair Jerome Powell, ruling the government offered…
- DCUC Welcomes Temple Santa Fe Community Credit Union as New Member — WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) proudly announces that Temple Santa Fe Community Credit Union has joined as its newest member credit union. Chartered in 1954 to serve…
- DCUC Submits Comments to NCUA, Regulatory Clarity and Reduced Compliance Burdens — WASHINGTON, DC – The Defense Credit Union Council (DCUC) today submitted four comment letters to the National Credit Union Administration (NCUA) addressing several proposed rulemakings and policy…
- MetroWest Community FCU Says Member Data May Have Been Exposed In Cyber Incident — FRAMINGHAM, Mass.— MetroWest Community Federal Credit Union is facing scrutiny following a reported data-security incident that may have exposed members’ personal information, with law firm Federman…
- Millennials Feeling The Squeeze: Multiple Cost Pressures Rising, Confidence Falling — NEW YORK— Millennials are facing a growing number of simultaneous financial pressures and are increasingly uncertain that the strategies they are using to cope are working, according to new research…
- Colorado Opens New Front In Swipe-Fee War, Raising Familiar Alarms For Credit Unions — DENVER—A Colorado bill that would bar interchange fees from being charged on the sales-tax portion of card transactions is advancing at the state capitol, opening a new front in the swipe-fee fight…
- Fintech Partnerships Move From Experiment To Necessity For CUs, New Index Finds — NEW YORK—Credit unions increasingly view fintech partnerships not as experiments but as a central strategy for innovation, according to the latest Credit Union Innovation Readiness Index, a…
- Americans End 2025 With $1.39T In Credit Card Debt As Borrowing Accelerates — WASHINGTON— U.S. consumers added $86 billion in credit card debt during 2025, pushing total balances to roughly $1.39 trillion, according to a new inflation-adjusted analysis from WalletHub based on…
- White House Talks Banks, But ACU Sees Credit Unions Benefiting From Mortgage Overhaul — WASHINGTON— President Donald Trump has signed an executive order directing federal regulators to overhaul a wide range of mortgage lending rules, and while the White House’s public messaging…
- Trump Signs Mortgage Deregulation Order, CUs Left Out? — WASHINGTON— President Donald Trump has signed an executive order directing federal regulators to overhaul a range of mortgage lending rules, with the White House saying the move is intended to…
- Financial Plus Credit Union Joins Defense Credit Union Council — WASHINGTON--The $1.6-billion Financial Plus Credit Union has become the newest member of the Defense Credit Union Council. Founded by auto workers rooted in Genesee County, FPCU has grown to serve…
- ACU Fraud Task Force Reassesses Policy Fixes As Scam Costs Climb — WASHINGTON--In search of policy solutions to fight the increasing costs of fraud and scams, America’s Credit Unions’ Fraud Task Force met Thursday for its monthly meeting. The task force recapped…
- DCUC Welcomes Financial Plus Credit Union as New Member — WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) proudly welcomes Financial Plus Credit Union (FPCU) as its newest member. Founded by auto workers rooted in Genesee County, FPCU has grown…
- DCUC Calls on Treasury to Ensure Credit Unions Are Included in Mortgage Access Efforts — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) sent a letter to U.S. Treasury Secretary, the Honorable Scott Bessent, expressing appreciation for the Administration’s recent…
- Senate Advances Housing Package; Credit Unions Now Eye Conference Fight For CLF Fixes — WASHINGTON— The Senate Thursday passed H.R. 6644, the “Housing for the 21st Century Act,” advancing a sweeping housing-affordability package that could eventually create an opening for long-sought…
- Fintechs Keep Winning ‘Soft Switchers’ As Chime, SoFi Gain Ground In Key Account Categories, J.D. Power Finds — TROY, Mich.--Fintechs are continuing to capitalize on a growing “soft switching” trend in financial services, with new J.D. Power data showing consumers increasingly opening secondary checking,…
- Bowman Says Basel III Endgame Will Ease Some Capital Pressure On Banks — WASHINGTON— Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday the Fed, FDIC and Office of the Comptroller of the Currency will soon unveil a broad package of capital-rule…
- Mortgage Rates Climb As Housing Activity Picks Up — MCLEAN, Va.-- The 30-year fixed-rate mortgage moved higher this past week, averaging 6.11%, Freddie Mac reported. “The 30-year fixed-rate mortgage returned to last month’s level of 6.11%,” said Sam…
- DCUC Backs Senate Push To Restore, Modernize NCUA’s CLF — WASHINGTON— The Defense Credit Union Council is urging the Senate to adopt a bipartisan amendment from Sens. Alex Padilla (D-CA) and Kevin Cramer (R-ND) that would restore and modernize the NCUA’s…
- BNPL Keeps Surging, But FIs Are Winning Where It Counts: Consumer Satisfaction — TROY, Mich.— Buy Now, Pay Later use continues to gain ground with U.S. consumers, and the latest data from J.D. Power suggest the trend is becoming increasingly mainstream—especially among younger…
- FDIC’s Hill Says Stablecoins Won’t Get Pass-Through Insurance Under GENIUS Act — WASHINGTON— Stablecoin users will not receive any form of federal deposit insurance under the new U.S. stablecoin framework, with Federal Deposit Insurance Corp. Chairman Travis Hill saying the FDIC…
- Consumer Prices Accelerated In February, With CPI Up 0.3% — WASHINGTON--The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% on a seasonally adjusted basis in February, after rising 0.2% in January, the U.S. Bureau of Labor Statistics…
- America’s Credit Unions Flags New Regulatory Proposals, Seeks Member Input — WASHINGTON--Recent Regulatory Alerts from America’s Credit Unions detail pending proposals that will affect credit unions, along with upcoming deadlines to file comments. Members are encouraged to…
- DCUC Applauds Senate Passage of Housing Affordability Legislation, Urges Inclusion of Credit Union Liquidity Reforms — WASHINGTON, DC – The Defense Credit Union Council (DCUC) commends the U.S. Senate for passing H.R. 6644, “Housing for the 21st Century Act,” aimed at addressing the nation’s growing housing…
- DCUC Urges Inclusion of CLF Enhancement in Senate Housing Legislation — WASHINGTON, DC – The Defense Credit Union Council (DCUC) is urging Senators Alex Padilla and Kevin Cramer to include their bipartisan Central Liquidity Facility (CLF) Enhancement amendment for the…
- Global Fintech Revolut Files For U.S. Bank Charter, Signaling Major American Expansion — WASHINGTON—London-based fintech Revolut is taking a major step toward expanding in the United States, filing for a national bank charter with the Office of the Comptroller of the Currency and FDIC,…
- As AI Begins Making Purchases, Payments Industry Confronts New Trust Challenge — PURCHASE, N.Y.—Artificial intelligence is rapidly moving from assisting consumers with shopping to actually making purchases on their behalf, a shift that payments companies say will reshape how…
- Colorado Lawmakers Weigh Giving Financial Institutions New Powers to Intervene In Suspected Fraud — DENVER— Colorado lawmakers are considering legislation that would give banks and credit unions expanded authority to intervene when they suspect a customer—particularly an older or vulnerable…
- Used Vehicle Prices Rebound in February As Black Book Index Climbs 2.3% — LAWRENCEVILLE, Ga.--Black Book, a division of Hearst, said its seasonally adjusted Used Vehicle Retention Index rose 2.3% in February to 145.0, up from 141.7 in January. Despite the monthly…
- Senators Revive ‘Clawback’ Push For Big Bank Execs After Failures — WASHINGTON— A bipartisan group of 14 U.S. senators has reintroduced legislation that would require the FDIC to claw back compensation from executives at failed large banks, reviving a post-Silicon…
- DCUC Urges Fed To Preserve, Invest In Check Services As Payments Evolve — WASHINGTON--This week, the Defense Credit Union Council filed a comment letter with the Federal Reserve in response to its request for information regarding the future of the Federal Reserve Banks'…
- InvestiFi Honored As ICBA ThinkTECH Accelerator Most Valuable Participant — SAN DIEGO--InvestiFi, a leading provider of digital investment solutions for financial institutions, was recognized by the Independent Community Bankers of America during its recent ThinkTECH…
- Senate Sees Possible Deal On Stablecoin ‘Loophole’ Banks, CUs Oppose — WASHINGTON— A key Senate Democrat is signaling that lawmakers may be nearing a compromise in the increasingly contentious fight over whether crypto firms should be allowed to offer stablecoin…
- IRS Issues First Proposed Rules For New Trump Accounts — WASHINGTON--The Internal Revenue Service issued the first two proposed rules related to Trump Accounts, the tax-advantaged savings and investment accounts created by H.R. 1. America’s Credit Unions…
- DCUC Provides Credit Union Response to Federal Reserve Banks’ Official Request, Information on Check Services — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has filed a comment letter with the Federal Reserve in response to its request for information regarding the future of the Federal Reserve…
- Two-Thirds Say Affordability Crisis Is Eroding Emergency Savings, Survey Finds — MIAMI--With household budgets stretched by high prices and lingering debt, many Americans say their financial safety net is fraying. A new 2026 Emergency Savings Survey from personal-finance website…
- Heartland Credit Union Names Aaron Rios CEO — SPRINGFIELD, Ill.-- The $555-million Heartland Credit Union has named Aaron Rios CEO, the organization reported. “We are excited to welcome Aaron as our next CEO,” said Jane Kiel, board chair. “His…
- CU1 Selects Prospera Wealth Platform, Expands Partnership with BankSocial — DALLAS—CU1 has selected the Prospera wealth platform from BankSocial, deepening its strategic partnership with the fintech firm and expanding its digital investment capabilities. Under the…
- Navy Federal Temporarily Closes Middle East Branches Amid Rising Tensions — VIENNA, Va.— Navy Federal Credit Union has temporarily closed several overseas branches in the Middle East and North Africa following direction from U.S. military base leadership amid heightened…
- Vizo Financial Named 2026 Gallup Exceptional Workplace Award Winner for Fourth Consecutive Year — GRENNSBORO, N.C.--Vizo Financial Corporate Credit Union has received the 2026 Gallup Exceptional Workplace Award (GEWA) for employee engagement, marking the fourth consecutive year the organization…
- Landmark CU Strikes Deal To Acquire American National Bank-Fox Cities — MILWAUKEE —The $7.4-billion Landmark Credit Union here has agreed to buy $419-million American National Bank-Fox Cities, based in Appleton, Wis., the CU announced. The deal will add $328 million in…
- NCUA Announces Seventh Round Of Deregulation Proposals — ALEXANDRIA, Va. – NCUA Tuesday announced the seventh round of proposed regulatory changes associated with NCUA’s Deregulation Project. With Tuesday's announcement, NCUA is requesting comments on one…
- ACU Urges Senate To Add CDFI Transparency Amendment To Housing Bill — WASHINGTON--As the Senate considers the 21st Century Renewing Opportunity in the American Dream (ROAD) to Housing Act, America’s Credit Unions Senior Vice President of Advocacy Greg Mesack wrote to…
- ACU Urges Fed Not To Abandon Check Services As Volumes Decline — WASHINGTON--With check volume declining, the Federal Reserve still should not discontinue check services. In a comment letter to the Federal Reserve Check Services, America’s Credit Unions pointed…
- Crypto.com Wins Conditional OCC Approval For National Trust Bank — NEW YORK--Crypto.com has received conditional approval from the U.S. Office of the Comptroller of the Currency to form a national trust bank, a move that would expand the exchange’s digital-asset…
- Former CFTC Chair Warns U.S. FIs Need Clear Crypto Rules to Innovate — WASHINGTON—U.S. financial institutions may need regulatory clarity on digital assets even more urgently than cryptocurrency companies, according to former Commodity Futures Trading Commission…
- Trust Drives Bank Choice—But 67% Would Bolt After a Breach, Integris Finds — CRANBURY, N.J.—Roughly half of U.S. bank customers say they chose their primary financial institution because they trust its security, yet two-thirds would consider leaving after a serious data…
- Kentucky Bill Targets Crypto ATM Fraud With $2,000 Cap, New Tracking Rules — FRANKFORT, Ky.—Kentucky lawmakers are moving to tighten oversight of cryptocurrency kiosks amid growing concerns about scams that use the machines to extract money from consumers. House Bill 380…
- GOP Leaders Weigh Second Budget Reconciliation Bill While Credit Unions Watch Tax Issue Closely — DORAL, Fla.—House Republicans gathering this week at their annual legislative retreat in Florida are expected to intensify discussions around a possible second budget reconciliation package,…
- Velera Announces Final Lineup For VeleraLIVE 2026 — TAMPA-- Velera announced its final programming for VeleraLIVE 2026, taking place April 13-15 in Orlando at the Orlando World Center Marriott. VeleraLIVE will include two mainstage panels addressing…
- New White House Cybercrime Strategy Focuses On Enforcement, Not New Rules For Credit Unions — WASHINGTON--The White House issued a new Executive Order Friday outlining a national strategy to combat cybercrime, scams, and other forms of fraud targeting consumers and financial institutions.…
- America’s Credit Unions, ICUL Press Seventh Circuit To Block Illinois Interchange Fee Ban — WASHINGTON--Joining together with the Illinois Credit Union League and other trades, America’s Credit Unions filed a brief Friday in the U.S. Court of Appeals for the Seventh Circuit as part of…
- Richland FCU Names Tyson Taylor CEO — SIDNEY, Mont.— The $116-million Richland FCU has named Tyson Taylor as its new CEO, selecting a credit union veteran with more than 15 years of industry experience to lead the organization, Roundup…
- Prizeout Expands Ecosystem, Bringing Card Rewards Into One CU Platform — NEW YORK--Prizeout has launched its Credit Card Rewards program, the final piece of its CashBack+ ecosystem, the organization announced. This expansion unites CashBack+ Offers, CashBack+ Actions,…
- Financial Strain Hits 12-Month High, Nearly Half Of Americans Classified As Vulnerable — TROY, Mich.--The share of financially unhealthy consumers in the United States has climbed to a 12-month high, underscoring the continued strain from persistently elevated prices, according to JD…
- Too Many Cyber Rules, Too Little Alignment: GAO Report Highlights Regulatory Overload — WASHINGTON— Federal cybersecurity regulations are creating significant compliance burdens across critical infrastructure sectors, often forcing organizations to devote resources to overlapping…
- TransUnion Launches AI Analytics Orchestrator Agent To Speed Credit Insights — CHICAGO — TransUnion has introduced its AI Analytics Orchestrator Agent, a new capability built on the company’s OneTru solution enablement platform. Powered by Google’s Gemini models, the tool is…
- Stronger Profits, Rising Capital: NCUA Data Show Solid Year For Credit Unions — ALEXANDRIA, Va.—Federally insured credit unions closed 2025 with stronger earnings, rising capital and continued membership growth, even as loan growth moderated and industry consolidation…
- U.S. Economy Loses 92,000 Jobs In February As Unemployment Ticks Up To 4.4% — WASHINGTON—The U.S. labor market unexpectedly weakened in February, with employers cutting 92,000 jobs and the unemployment rate rising to 4.4%, according to the latest report from the Economists…
- ABA Economists See U.S. Economy Growing Through 2027—But Inflation Staying Above Fed Target — WASHINGTON— Economists advising the American Bankers Association expect the U.S. economy to continue expanding through 2026 and into 2027, though inflation is likely to remain above the Federal…
- CU Tax Fight: House GOP Eyes Second Reconciliation Bill—But What Goes In It Remains Unclear — WASHINGTON— House Republican leaders agreed during a recent retreat in Florida that they want to pursue a second budget reconciliation package this year, but major questions remain about what the…
- Credit Union Fraud Fight Takes Center Stage In House Hearing — WASHINGTON--Credit unions’ experience fighting fraud, and how government can help combat it, were covered in testimony from Park Community Credit Union General Counsel Kate McKune. Testifying on…
- NCUA Releases Fourth Quarter 2025 Credit Union System Performance Data — Alexandria, VA (March 6, 2026) ― The National Credit Union Administration today released its fourth quarter credit union system performance data for 2025. According to the latest financial…
- DCUC Calls on Congress to Protect Credit Union Tax Status and Regulatory Framework — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) wrote to House Speaker Johnson, House Minority Leader Jeffries, Senate Majority Leader Thune, and Senate Minority Leader Schumer…
- Former MassMutual FCU Loan Officer Sentenced In $1M HELOC Fraud Scheme — BOSTON—A former loan officer at MassMutual Federal Credit Union has been sentenced to prison for defrauding the credit union out of nearly $1 million by manipulating a home equity line of credit…
- FDIC: Banks Post Strong 2025 Earnings As ROA Climbs To 1.20%, Community Banks Outpace Industry — WASHINGTON—The banking industry closed 2025 with strong earnings, accelerating loan growth and improving margins, even as regulators flagged ongoing stress in certain loan categories and elevated…
- Payoneer Seeks OCC Charter To Launch Digital National Trust Bank — WASHINGTON--Cross-border payments FinTech Payoneer has applied to the Office of the Comptroller of the Currency to launch a digital national trust bank, PYMNTS reported. The proposed PAYO Digital…
- Fed, FDIC, OCC Issue Guidance On Capital Treatment Of Tokenized Securities — WASHINGTON—Federal banking regulators have clarified how banks should treat tokenized securities under existing capital rules, signaling that financial institutions can hold certain blockchain-based…
- NCUA Issues Voluntary EGRPRA Review; Continues Deregulation Project — ALEXANDRIA, Va.--NCUA said Thursday it is continuing its review of agency regulations as part of the decennial process established under the Economic Growth and Regulatory Paperwork Reduction Act…
- Mortgage Rates Hold Steady — MCLEAN, Va.--The 30-year fixed-rate mortgage averaged 6.00% this past week, Freddie Mac reported. “Mortgage rates held steady at 6% this week, hovering near their lowest level since 2022,” said Sam…
- GAC 2026: Attendees Take Credit Union Priorities To Congress in Wave Of Hill Meetings — WASHINGTON--Credit union advocates carried a unified message to Capitol Hill this week as leagues and institutions fanned out across congressional offices during meetings tied to the Governmental…
- GAC 2026: Lawmakers Take GAC Stage Ahead Of Credit Union Advocates’ Capitol Hill Visits — WASHINGTON--Prior to thousands of credit union advocates heading to Capitol Hill Wednesday, several legislators addressed the Governmental Affairs Conference from the main stage. Sen. Lisa Blunt…
- Credit Unions Tell Congress Fraud Still Top Threat Despite Heavy Investments In Prevention — WASHINGTON--Despite significant investments in fraud detection tools, consumer education, and data security, credit unions report each year that fraud remains a top concern. Testifying before a…
- Bipartisan Housing Bill Would Delay Fed Digital Dollar Rollout — WASHINGTON—A bipartisan Senate bill aimed at addressing the nation’s housing shortage would temporarily block the Federal Reserve from issuing a retail central bank digital currency, according to…
- OCC Rule Opens Fast-Track Licensing, Merger Path For Banks Under $30B — WASHINGTON—The Office of the Comptroller of the Currency has finalized a rule designed to streamline licensing requirements for smaller banks, giving qualifying institutions faster and less…
- In First For Crypto Firm, Kraken Financial Gets Limited Fed Master Account Access — KANSAS CITY, Mo.—The Federal Reserve Bank of Kansas City has granted limited master account access to Kraken Financial, marking the first time a cryptocurrency focused firm has received direct…
- ECB Fines J.P. Morgan SE €12.18M For Capital Reporting Failures — FRANKFURT, Germany — The European Central Bank has imposed €12.18 million in administrative penalties on J.P. Morgan SE after finding the bank wrongly calculated and reported its risk-weighted…
- Three Big Credit Card Questions Emerging for Credit Unions, Payments Expert Says — WASHINGTON—As credit union leaders gathered for America’s Credit Unions 2026 Governmental Affairs Conference this week, hallway conversations around credit cards and portfolio strategy were almost…
- Trump Officially Nominates Kevin Warsh To Lead Federal Reserve — WASHINGTON—President Donald Trump on Wednesday formally nominated Kevin Warsh to serve as Chairman of the Board of Governors of the Federal Reserve System, following through on a promise he made…
- GAC 2026: Inside NCUA’s Deregulation Project--What Credit Unions May See Next — WASHINGTON--Deregulation is a priority for the Administration, and the NCUA is committed to reducing regulatory burdens for credit unions. A Governmental Affairs Conference breakout session…
- GAC 2026: Analysis Shows CUs Reach Lower-Income, Lower-Wealth Households Banks Often Miss — WASHINGTON—Credit unions continue to serve a disproportionate share of Americans with modest incomes and limited wealth—households banks are less likely to reach—according to new analysis shared by…
- Fed’s Schmid Signals Opposition To Additional Rate Cuts As Inflation Remains Elevated — DENVER--Kansas City Federal Reserve President Jeffrey Schmid said Tuesday he remains opposed to additional interest-rate cuts, arguing inflation remains too high and the labor market appears…
- From BNPL To Bank: Klarna Converts Checkout Traffic Into $13B In Deposits — COLUMBUS, Ohio--Klarna is turning checkout clicks into full-fledged banking relationships, with new earnings data showing that pay-over-time activity is increasingly converting shoppers into deposit…
- Credit One Bank To Pay $10.2M Over Alleged Illegal Debt-Collection Calls In California — RIVERSIDE, Calif. — Credit One Bank has agreed to pay $10.2 million to settle allegations it used aggressive and unlawful debt-collection tactics against California consumers, according to reporting…
- GAC 2026: Grassroots Power Fuels Credit Union Influence In Washington — WASHINGTON--Advocacy is not accidental, a panel of America’s Credit Unions, league, and credit union advocates shared with the Governmental Affairs Conference, it is organized, focused, and…
- GAC 2026: Williams, Ricketts Address Meeting As Harbin Pushes For Stronger Advocacy From CUs — WASHINGTON—The third day of the Governmental Affairs Conference brought credit union advocates closer to Capitol Hill, with timely remarks from federal officials, including Federal Reserve Bank of…
- Marshall Amendment Revives Credit Card Routing Fight As CU Advocates Descend On Capitol Hill — WASHINGTON--Senator Roger Marshall has filed a non-germane amendment to the Housing for the 21st Century Act that would insert the Credit Card Competition Act’s government-mandated routing…
- Defense Matters '26: At 99, Tuskegee Airman Reminds Credit Unions Their Work Is a Form of Service — WASHINGTON—Speaking with humor, humility and unmistakable moral clarity, Brig. Gen. Enoch “Woody” Woodhouse reminded attendees at the Defense Credit Union Council’s 2026 Defense Matters event here…
- GAC 2026: Stablecoins Move From Crypto Fringe To Payments Infrastructure, Credit Unions Told — WASHINGTON—Stablecoins are quickly moving from the fringes of crypto into the center of the payments conversation, and credit unions are beginning to examine how the technology could reshape both…
- Velera Sponsors Two Premier Running Events, Advancing Credit Union Advocacy And Fundraising — TAMPA-- Velera, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, is joining credit unions, industry partners,…
- BankSocial Unveils Private ‘Data Ocean’ Built With Google Cloud To Anchor Institutional AI — DALLAS— BankSocial has introduced Substrate, the private Human Powered AI “data ocean” embedded within the BankSocial Nuron stack, built in partnership with Google Cloud and powered by Google Cloud…
- DCUC Hosts Engaging Defense Matters 2026 — Featuring Key Congressional, Military, and Industry SpeakersWASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) hosted its impactful Defense Matters session at the Marriott Marquis in…
- IRS Rules Turn ‘Simple’ Auto Loan Tax Break Into Compliance Challenge — PLANO, Texas— A new federal tax deduction allowing consumers to deduct interest on qualifying auto loans is being billed as a borrower benefit, but newly issued regulations from the U.S. Department…
- Federal Reserve Rolls Out Enterprise AI Platform, Tightens Guardrails — BOSTON — Federal Reserve Gov. Christopher Waller said Tuesday the central bank is moving aggressively but cautiously to embed artificial intelligence across its operations, arguing that a…
- 47 Credit Union Leaders Earn CUDE Designation In First De Class Of 2026 — TAMPA– The National Credit Union Foundation has named 47 leaders from across the United States as the first Credit Union Development Educators (CUDEs) of 2026. The group earned their designation…
- Mask, Gloves, Pellet Gun: Attempted Robbery At Dover FCU Thwarted By Quick-Thinking Staff — NEW CASTLE, Del. — A 28-year-old New Castle man has been arrested after allegedly attempting to rob Dover Federal Credit Union, according to the Delaware State Police. Marcus McClain (photo:…
- California Orders Coinme To Refund $175K Over Crypto Kiosk Overcharges — SACRAMENTO, Calif. — The California Department of Financial Protection and Innovation said it has ordered Coinme, one of the state’s largest crypto kiosk operators, to refund an additional $175,000…
- GAC 2026: Hauptman Covers Stablecoins, Solo Board And Agency Overhaul In Wide-Ranging Talk — WASHINGTON—Appearing on stage during the America’s Credit Unions Governmental Affairs Conference, NCUA Chairman Kyle Hauptman joined ACU President/CEO Scott Simpson for a wide-ranging discussion…
- NCUA Issues Share Insurance Fund Results for Fourth Quarter 2025 — ALEXANDRIA, Va.--NCUA has released the performance results of the Share Insurance Fund for the fourth quarter. The Share Insurance Fund reported a net income of $113.8 million, held $24.1 billion in…
- GAC 2026: In Debut GAC Speech, Simpson Calls On Movement To Protect Cooperative Model — WASHINGTON—America’s Credit Unions President and CEO Scott Simpson told attendees at the 2026 Governmental Affairs Conference that what’s truly at stake in Washington isn’t just policy — it’s the…
- Vizo Financial Launches DefaultSleuth To Help CUs Shift From Reactive Collections To Proactive Risk Prevention — GRENSBORO, N.C.--Vizo Financial has launched DefaultSleuth, a behavioral-first risk intelligence platform designed to help credit unions identify financial strain before delinquency and proactively…
- Institutional Crypto Plans Stall In 2025 Even As Stablecoin Volumes Climb — NEW YORK--A new global sentiment poll shows institutional appetite for operational crypto adoption held steady through 2025, even as stablecoin activity surged. Just over 40% of financial services…
- NCUA and FDIC to Host Webinar on Financial Scams — Register Today for March 12 Event for Credit Unions and Banks Alexandria, VA (March 2, 2026) ― The National Credit Union Administration (NCUA) will host ‘Financial Education & Frontline Action to…
- DCUC Launches National Targeted POLITICO Ad Campaign, Opposing Durbin–Marshall and Credit Card Rate Cap Mandates — WASHINGTON, DC – Beginning today through Friday, March 6, the Defense Credit Union Council (DCUC) has launched a high-impact, targeted advocacy advertising campaign in POLITICO Influence. The…
- DCUC Chief Advocacy Officer Jason Stverak to Address Credit Union Activism and Culture at Underground Event — WASHINGTON, DC – This morning, Jason Stverak, Defense Credit Union Council’s Chief Advocacy Officer will give a special address during the Underground event themed “CULTure of a Community,” at the…
- DCUC Launches 2026 Advocacy Priorities Toolkit to Support Credit Unions Nationwide — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has released its 2026 Advocacy Priorities Toolkit and supporting handouts to help credit unions effectively navigate policy, legislative, and…
- DCUC Chief Advocacy Officer To Address Credit Union Activism And Culture At Underground Event — WASHINGTON--Defense Credit Union Council Chief Advocacy Officer Jason Stverak will give a special address Sunday during the Underground event themed “CULTure of a Community,” at the Hay Adams Hotel…