Credit Union News — April 2026
Credit union industry reporting published in April 2026.
- No Forcing The Marriage: Judge Refuses To Compel Cal Coast–SDCCU Tie-Up — SAN DIEGO—A California court has denied California Coast Credit Union’s bid for a preliminary injunction in its dispute with San Diego County Credit Union, leaving the proposed $13-billion “merger…
- NCUA Shuts Down People Trust Community FCU After Founder’s Legal Challenge Fails To Halt Liquidation — NORTH LITTLE ROCK, Ark.—NCUA on Thursday liquidated People Trust Community FCU, closing a small Arkansas minority depository institution after a months-long dispute over whether the credit union’s…
- Ringleader Of Fraud Scheme That Stole More Than $3M From CUs And Banks Sentenced — HARRISBURG, Pa.—Jeremy Antuan Boria Fraticelli, the alleged ringleader of a central Pennsylvania fraud ring that targeted credit union and bank customers, has been sentenced to one year to 23 months…
- Trump Targets Wells Fargo Over Wildfire Borrower Relief In California — WASHINGTON— President Donald Trump said his administration will look into how banks are handling payments and debt treatment for borrowers affected by the Los Angeles wildfires, singling out Wells…
- DCUC Launches D.C. Ad Campaign During ICBA Summit — WASHINGTON--This week, the Defense Credit Union Council, through its Defending Credit Unions National Advocacy Fund, launched of a targeted advocacy campaign during the ICBA Washington Summit. The…
- Congress Ends 76-Day DHS Funding Lapse For Most Agencies — WASHINGTON— Congress on Thursday approved legislation to restore funding to most Department of Homeland Security agencies, ending a record 76-day lapse for operations outside immigration…
- CFPB Finalizes Rollback Of Small-Business Lending Data Rule — WASHINGTON— The CFPB on Thursday finalized a rewrite of its small business lending data rule that strips out a Biden-era requirement for FIs to collect demographic information from borrowers,…
- Mortgage Application Payments Increased In March — WASHINGTON– Homebuyer affordability declined in March, with the national median payment applied for by purchase applicants increasing to $2,131 from $2,061 in February, the Mortgage Bankers…
- Mortgage Rates Average 6.30% — MCLEAN, Va.-- The 30-year fixed-rate mortgage ticked higher this past week, averaging 6.30%, Freddie Mac said. “The 30-year fixed-rate mortgage averaged 6.30% this week,” said Sam Khater, Freddie…
- Frontwave CU Discloses Data Breach Involving Member SSNs — OCEANSIDE, Calif.—The $1.7-billion Frontwave Credit Union has reported a data breach involving member names and Social Security numbers after one of its service providers inadvertently disclosed…
- People Trust Community Federal Credit Union Closes — Alexandria, VA (April 30, 2026) ― The National Credit Union Administration (NCUA) today liquidated People Trust Community Federal Credit Union in North Little Rock, Arkansas. NCUA made the decision…
- DCUC Commends Congressional Action to End DHS Shutdown — WASHINGTON, DC – The Defense Credit Union Council (DCUC) commends congressional passage of legislation to restore funding for most Department of Homeland Security (DHS) agencies, bringing an end to…
- Ahead of ICBA Hill Visits, ACU Defends Payroll Deposit Insurance Bill, Tax Status — WASHINGTON— America’s Credit Unions on Wednesday sharpened its ICBA fly-in message, with President/CEO Scott Simpson using a published letter to the editor to argue community bankers are resisting…
- Colorado Swipe-Fee Fight Escalates As Interchange Bill Clears Senate; DCUC Responds As Motion To Reconsider A Possibility — DENVER— Colorado’s swipe-fee fight intensified Wednesday after SB26-134 cleared the state Senate on a narrow margin, prompting the Defense Credit Union Council to move quickly with letters to key…
- League System Launches Elder Fraud Toolkit For Credit Unions — WASHINGTON— With fraud targeting older adults continuing to climb, the League System has rolled out a new Elder Exploitation Prevention Toolkit aimed at helping credit unions better identify…
- Powell Says He’ll Stay On Fed Board After Chair Term Ends May 15 — WASHINGTON— Federal Reserve Chair Jerome Powell said Wednesday he will remain on the Federal Reserve Board after his term as chair ends May 15, signaling he is not yet ready to fully exit the…
- ICBA Opens Capital Summit With New Poll Backing Attack On CU Tax Break — WASHINGTON— The Independent Community Bankers of America this week opened its 2026 ICBA Capital Summit in Washington by releasing new polling the group claims shows Americans broadly align with…
- Fed Holds Rates As Expected, But Split Widens Over Path Ahead — WASHINGTON— As expected, the Federal Reserve on Wednesday left its benchmark federal funds rate unchanged at 3.5% to 3.75%, while signaling it still sees room for cuts later if inflation and…
- GoWest Opens Enrollment In New Small-CU Accelerator — SEATTLE--GoWest Credit Union Association announced the opening of enrollment for its Small Credit Union Accelerator Program, a new initiative designed for credit unions under $250 million in assets,…
- Indiana’s Interra CU Reaches Into Ohio For Groundbreaking Bank Acquisition — GOSHEN, Ind.—The $2-billion Interra Credit Union here is reaching across state lines to buy the $225-million The Hicksville Bank, based in Hicksville, Ohio, the CU announced. The deal marks the…
- Corporate Central Expands Support For Emerging Credit Unions — MILWAUKEE— Corporate Central said it is continuing to invest in the future of the credit union movement by adding two de novo credit unions as members and broadening its support for organizations…
- NACUSO Names 2026 CUSO Of The Year Winners At Reimagine Conference — LAKE BUENA VISTA, Fla.--The National Association of Credit Union Service Organizations (NACUSO) announced the winners of the 2026 CUSO of the Year Awards during its Reimagine Conference at Disney's…
- AmEx Anti-steering Case Shifts to Battle Over Nearly $13M In Fees — NEW YORK—Lawyers for consumers who won a proposed $17.5-million settlement with American Express over its long-running “anti-steering” rules are now asking a federal judge in New York to approve…
- OCC Moves To Scrap Rules Under DOGE Deregulatory Push — WASHINGTON—The OCC is seeking comment on a proposed deregulatory rule that would strip out or amend several regulations the agency said are unnecessary, unsupported by clear statutory authority or…
- Fraud No Longer Just A Cost Center—Banks Now See It As A Growth Threat — NEW YORK— Banks are increasingly treating fraud prevention as a core business function rather than simply a back-end loss-control exercise, as faster payments, account takeovers and rising customer…
- AARP: Fraud Now A Top Fear For 159 Million Americans — WASHINGTON— Fraud is now a mainstream consumer fear, with new AARP research finding nearly four in 10 U.S. adults—about 103 million people—have already experienced fraud, while an estimated 159…
- Safe Harbor Gets Nasdaq Warning, Faces Delisting Risk — GOLDEN, Colo.— Safe Harbor Financial Services said it has received a Nasdaq notice warning that its shares have fallen out of compliance with the exchange’s minimum bid-price requirement, putting…
- DCUC Advocates Strengthening Credit Unions’ Role in Military Financial Readiness — WASHINGTON--the Defense Credit Union Council wrote to House Armed Services Committee leaders ahead of the Committee’s April 29, hearing on the Department of War’s FY2027 budget request, calling for…
- Charm Voted Winner of NACUSO’s 2026 Next Big Idea Competition — LAKE BUENA VISTA, Fla.--The National Association of Credit Union Service Organizations (NACUSO) crowned Charmas the 2026 Next Big Idea Competition winner Tuesday at their Reimagine Conference at…
- NCUF Opens $500,000 Grant Program To Help CUs Reach At-Risk Youth — MADISON, Wis. – To close out Financial Capability Month, the National Credit Union Foundation is announcing the opening of its At-Risk Youth Financial Well-Being Grant, making $500,000 in funding…
- Ahead Of ICBA Fly-In, ACU Fires Back On Credit Union Tax Exemption — WASHINGTON— With community bankers set to descend on Capitol Hill this week for ICBA’s annual fly-in, America’s Credit Unions defended the credit union tax exemption and pushed back on what it…
- ACU Plans $8 Million 2026 Election Push To Back Credit Union Allies — WASHINGTON-- America’s Credit Unions and its Political Action Committee (PAC) will spend a combined $8 million in independent expenditures and member communications during the 2026 midterm election…
- DCUC Calls for Permanent Pay Protections and Stable Funding for Coast Guard — WASHINGTON--Ahead of Tuesday's House Committee on Transportation and Infrastructure Subcommittee on Coast Guard and Maritime Transportation hearing, “Review of the Coast Guard’s Fiscal Year 2027…
- DCUC Raises Credit Union Concerns On Capital Proposals Impacting Main Street Lending — WASHINGTON--Monday, the Defense Credit Union Council wrote to leaders of the House Financial Services Committee ahead of the full committee hearing, “Prioritizing Main Street: Evaluating the Impact…
- ACU Backs 6 NCUA Dereg Moves In New Comment Letters — WASHINGTON— America’s Credit Unions said Monday it has filed six comment letters backing a new round of NCUA deregulation proposals, urging the agency to strip out what it called outdated,…
- DCUC Files 6 More NCUA Deregulation Letters, Opposes Move To Drop Board Financial-Familiarity Rule — WASHINGTON--The Defense Credit Union Council Monday submitted six separate comment letters to NCUA in response to the agency’s sixth round of deregulation proposals. With these submissions, DCUC has…
- Warsh Nomination Advances As Senate Panel Sets Vote — WASHINGTON— Kevin Warsh’s nomination to become the next Federal Reserve chair moved closer to a Senate floor vote Monday after the Senate Banking Committee scheduled a Wednesday markup to advance…
- At Reimagine 2026, NACUSO Announces Board Changes, New Chair — LAKE BUENA VISTA, Fla.— NACUSO used its Reimagine 2026 meeting here to announce a round of board leadership changes, including the appointment of Nick Evens as the new chair of the board of…
- Treasury Puts CDFIs Under New Scrutiny Amid Push To Cut Fund By Two-Thirds — WASHINGTON— The Treasury Department said Monday it has launched a review of certified Community Development Financial Institutions to look for potential violations of law or CDFI program…
- ACU Says OCC’s Illinois IFPA Action Could Make Other States Think Twice — WASHINGTON— America’s Credit Unions said Monday the OCC’s formal move to preempt Illinois’ Interchange Fee Prohibition Act for national banks could have a broader deterrent effect beyond Illinois,…
- Credit Union Trade Groups Warn Of Crowded, Volatile Week In Washington — WASHINGTON— Credit union trade groups said Monday they are preparing for a crowded and potentially volatile week on Capitol Hill, with the House expected to take up the Senate-passed budget…
- 2 Large CUs To Merge In Deal Creating Roughly $7B Institution — TULLAHOMA, Tenn.— Two large credit unions are planning to merge in a deal that would create a roughly $7-billion institution. The proposed merger would bring together Tullahoma-based Ascend FCU,…
- DCUC Calls on Congress to Oppose Sweeping Tax Changes and Advance Targeted Oversight Ahead of ICBA Summit — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has sent a letter to House and Senate leadership ahead of the Independent Community Bankers of America’s (ICBA) Washington Summit, urging…
- DCUC Statement on Treasury Review of CDFIs — WASHINGTON, DC – The Defense Credit Union Council (DCUC) issued the following statement in response to the U.S. Department of the Treasury’s announcement that it has initiated a review of certified…
- DCUC Submits Comments to NCUA, Reinforcing Commitment to Balanced, Accountable Deregulation — WASHINGTON, DC – The Defense Credit Union Council (DCUC) today submitted six separate comment letters to the National Credit Union Administration (NCUA) in response to the agency’s sixth round of…
- Anthropic’s ‘Too Dangerous To Release’ Mythos Model Reportedly Breached By Unauthorized Users — SAN FRANCISCO— Anthropic’s tightly controlled rollout of its Claude Mythos cybersecurity model has hit a concerning snag, with a small group of unauthorized users reportedly gaining access to the…
- Supreme Court Case Tied To Call FCU Robbery Could Reshape Digital Crime Investigations — WASHINGTON— The U.S. Supreme Court on Monday is set to hear a case with potentially major implications for how FI robberies and other crimes are investigated, as the justices take up a challenge to…
- DOJ Closes Powell Probe, Easing One Front In Trump’s Fed Fight — WASHINGTON— President Trump’s escalating clash with Federal Reserve Chair Jerome Powell took a new turn this past week, as the Justice Department moved to close its criminal probe of Powell even as…
- OCC Formalizes Illinois IFPA Preemption Push, Turning Spotlight On NCUA — WASHINGTON— The Office of the Comptroller of the Currency has now formally advanced two interim final actions aimed at shielding national banks from Illinois’ Interchange Fee Prohibition Act,…
- Regulators Cut Community Bank Leverage Ratio To 8% — WASHINGTON—Federal banking regulators have finalized a rule lowering the community bank leverage ratio to 8% from 9%, giving qualifying banks under $10 billion in assets more flexibility to use the…
- Bessent Backs New Form 990 Disclosures — WASHINGTON— The Treasury Department said Thursday the IRS plans to revise Form 990 to require clearer reporting by 501(c)(3) tax-exempt organizations on government contracts, government grants and…
- Fred Robinson Named to National Credit Union Foundation Board — MADISON, Wis.— The National Credit Union Foundation said Fred Robinson, president and CEO of the Tennessee and Mississippi Credit Union Association, has been elected to its board of directors,…
- Joe Keller Tapped To Lead Dakota Credit Union Association — BISMARCK, N.D.— The Dakota Credit Union Association has named Joe Keller as its next president and CEO, with the appointment taking effect May 11. Keller brings more than 30 years of credit union…
- Alaska Air Group CU Hit With Class Action Over Member Data Breach — SEATAC, Wash.—A Las Vegas woman has filed a proposed class action against $130-million Alaska Air Group Credit Union here, alleging the CU failed to use reasonable cybersecurity safeguards before a…
- Fastest-Growing Bank Loan Category Since 2008? Lending To Nonbanks, FDIC Says — WASHINGTON—Bank lending to private equity funds, private credit firms and other nondepository financial institutions climbed to $1.4 trillion at year-end 2025, making it the fastest-growing loan…
- America’s Credit Unions Calls For Higher CTR, SAR Thresholds At FinCEN — WASHINGTON--The Financial Crimes Enforcement Network (FinCEN) should use its existing statutory and regulatory authority to update Currency Transactions Report (CTR) and Suspicious Activity Report…
- ACU Presses Priorities In Capitol Hill Meeting With Barr — WASHINGTON--A Capitol Hill meeting brought America’s Credit Unions leaders—including President/CEO Scott Simpson—together with House Financial Services Subcommittee on Financial Institutions…
- FHFA Defends Broad Conservator Powers In D.C. Circuit Fight Over Fannie, Freddie Profits — WASHINGTON—An attorney for the Federal Housing Finance Agency told the U.S. Court of Appeals for the D.C. Circuit this week that FHFA had broad authority to act in its own interests as conservator…
- PNC, U.S. Bank, Wells Fargo Sued Over Alleged Sharing Of Web Visitor Data — SACRAMENTO, Calif.— PNC Bank, U.S. Bank and Wells Fargo have each been hit with separate proposed class-action lawsuits alleging they improperly shared sensitive financial data from website visitors…
- New Mythos Tests Deepen Concerns Over Machine-Speed Cyberattacks — WASHINGTON— Anthropic’s Claude Mythos Preview is showing a new level of offensive cyber capability that credit unions and other financial institutions should view as an immediate, not theoretical,…
- New Research Finds CUs Can Cut Per-Claim Dispute Processing Costs By 90% And Save Over $800K In One Year — MADISON, Wis.— Filene Research Institute’s innovation testing program, FiLab, has released findings from independent pilots of two financial technology solutions designed to address fraud, one of…
- Medical Marijuana Moved To Schedule III In Major Federal Policy Shift — WASHINGTON—The Trump Administration on Thursday formally moved to reclassify state-licensed medical marijuana as a less-restricted drug under federal law, a significant policy shift that could…
- The 30-Year Fixed-Rate Mortgage Declines Further — MCLEAN, Va.--The 30-year fixed-rate mortgage continued to fall, averaging 6.23% this past week, Freddie Mac reported. “The 30-year fixed-rate mortgage declined again this week to 6.23%,” said Sam…
- NCUA Seeks Comment On Enhancing And Streamlining Data Collection — ALEXANDRIA, Va.--NCUA is seeking industry input on whether it can reduce reporting burdens tied to some of the agency’s core data collections, announcing Thursday it has issued a Request for…
- House FSGG Bill Advances With CBDC Ban, Higher CDFI Funding Than White House Sought — WASHINGTON--The House Appropriations Committee advanced its FY27 Financial Services and General Government (FSGG) bill Wednesday following a two-day markup, America’s Credit Unions reported, adding…
- America’s Credit Unions Urges NCUA To Modernize Fidelity Bond Rules In Dereg Push — WASHINGTON--With NCUA’s deregulation efforts ongoing, America’s Credit Unions is encouraging future proposals to include updates to fidelity bond regulations. A letter sent Wednesday follows up on…
- DCUC Issues Statement on Cannabis Rescheduling and Call for Federal Legislative Clarity — WASHINGTON, DC – The Defense Credit Union Council (DCUC) issued a statement following today’s decision by President Donald Trump to move medical marijuana from Schedule I to Schedule III under the…
- Credit Card Fintech Mission Lane Applies To Become U.S. Bank — WASHINGTON— Credit card startup Mission Lane has applied to become a U.S. bank, seeking approval from federal regulators for a national bank charter that would let it move deeper into the regulated…
- California Lawmakers Push Direct Fed Access For Nonbanks In New Payments Bill — WASHINGTON— Two California lawmakers have introduced bipartisan legislation that would create a new federal pathway for nonbank payment companies to tap directly into the Federal Reserve’s payment…
- Bessent Defends Deep CDFI Fund Cuts Under Senate Fire — WASHINGTON—Treasury Secretary Scott Bessent defended the Trump Administration’s proposed deep cuts to the Community Development Financial Institutions Fund on Wednesday, telling senators the program…
- House GOP Moves To Rewrite Privacy Rules For Banks, Credit Unions — WASHINGTON— House Republicans on Wednesday unveiled a two-bill push to create a national data privacy framework, pairing the broader SECURE Data Act with the GUARD Financial Data Act, which would…
- GSEs Take Next Step In Credit Score Overhaul With VantageScore 4.0 — WASHINGTON— Fannie Mae and Freddie Mac said Wednesday they are beginning the next phase of the federal government’s long-running credit score modernization effort, with both government-sponsored…
- Truliant, Piedmont Advantage Strike Deal To Create $6-Billion CU — WINSTON-SALEM, N.C.— Truliant Federal Credit Union and Piedmont Advantage CU here have signed a definitive agreement to merge, a combination that would create a larger regional cooperative with more…
- ACU Urges Senate To Reject Any Tax-Status Threat In Budget Vote — WASHINGTON— As the Senate prepared Wednesday to vote on amendments to its FY2026 budget resolution, America’s Credit Unions urged lawmakers to reject any proposal that would weaken the credit union…
- Waller Signals Fed Overhaul, Sees Need To Centralize Key Operations — WASHINGTON— Federal Reserve Governor Christopher Waller this week used a speech at The Brookings Institution here to argue the central bank should further centralize and standardize many of its…
- Ahead Of Treasury Budget Hearing, ACU Presses For Full CDFI, CDRLF Funding — WASHINGTON--The Senate Appropriations Subcommittee on Financial Services and General Government (FSGG) is hearing from Treasury Secretary Scott Bessent on the agency’s FY27 budget request Wednesday.…
- California Regulator Sued Over Allegedly Inflated Debt Collector Fees — SACRAMENTO, Calif.—California’s financial services regulator is facing a proposed class action from debt collectors that alleges the agency has been unlawfully overcharging them for licenses and…
- Targeted Senate Budget Resolution Eases Immediate Tax Fears For Credit Unions — WASHINGTON— Senate Republicans on Tuesday released a budget resolution aimed at unlocking the reconciliation process for a new immigration-enforcement funding bill, a procedural move that would…
- Warsh Tells Senate He’d Shrink Fed Balance Sheet, Avoid Rate Promises — WASHINGTON— Kevin Warsh used his Senate Banking Committee confirmation hearing Tuesday to signal a more balance-sheet-focused Federal Reserve—telling senators he would protect the central bank’s…
- FORUM52 Names Alloya Corporate FCU As Platform Sponsor — NAPERVILLE, Ill./RALEIGH, N.C.— FORUM52 said Alloya Corporate Federal Credit Union has agreed to serve as platform sponsor of its leadership network for the next two years, a move the organization…
- CFPB Bid To Revive Mass Layoffs Draws Fresh Union Pushback In D.C. Circuit — WASHINGTON— A federal labor union is pushing back against the CFPB's latest attempt to move forward with sweeping layoffs, telling the U.S. Court of Appeals for the D.C. Circuit that any request to…
- DCUC Urges Full CDFI Funding, Pushes Housing Risk Reforms On Capitol Hill — WASHINGTON— With the Trump Administration’s FY 2027 budget proposal again putting pressure on federal community development programs, the Defense Credit Union Council is urging Senate appropriators…
- Velera Payments Index: Consumers Kept Spending In March, But Signs Of Strain Are Emerging — TAMPA--Consumer activity remained strong in March, with ongoing growth in debit and credit card transactions and purchases, according to the April edition of the Velera Payments Index. Despite…
- NCUA Unveils 10th Deregulatory Round, Targets Bank Conversion Rules — ALEXANDRIA, Va.—NCUA on Tuesday unveiled the 10th round of its Deregulation Project, proposing to ease a series of long-standing disclosure, notice and procedural requirements tied to credit union…
- Hill Week Opens With ACU Push On CDFI Funding, 1071 Relief For Smaller Lenders — WASHINGTON--The House Appropriations Committee will start marking up its FY27 Financial Services and General Government bill Tuesday, and America’s Credit Unions is urging the committee to maintain…
- America’s Credit Unions Adds 2 CEOs To Board of Directors — WASHINGTON--Two credit union CEOs were elected to serve on the America’s Credit Unions board of directors, the organization announced: Bay Federal Credit Union President/CEO Carrie Birkhofer and…
- NCUA Announces Tenth Round of Deregulation Proposals — Alexandria, VA (April 21, 2026) ― The National Credit Union Administration today announced the tenth round of proposed regulatory changes associated with NCUA’s Deregulation Project. The project is…
- DCUC Urges Balanced Risk-Sharing Reforms to Protect Credit Union Access and Housing Affordability — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has submitted a letter ahead of the House Financial Services Subcommittee on Housing and Insurance’s April 22 hearing titled, “Diversifying…
- DCUC Engages Senate Appropriations on FY2027 Budget Hearing, CDFI Fund & Military Financial Readiness — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has submitted a letter to the Senate Appropriations Subcommittee on Financial Services and General Government for the record in advance of…
- Critical Week On Capitol Hill As Congress Moves On CDFI Funding, 1071, Reconciliation — WASHINGTON— America’s Credit Unions said it is heading into a pivotal week on Capitol Hill with appropriations, regulatory relief and reconciliation all in play, as Congress moves quickly on the…
- Georgia Heritage FCU Discloses Data Breach Affecting More Than 43,000 Members — SAVANNAH, Ga.—The $161-million Georgia Heritage FCU has disclosed a data breach affecting 43,077 members, with a filing to the Maine Attorney General showing consumer notices went out on Jan. 15,…
- For Credit Unions, New Fraud Warning Is Clear: The Attacks May Be Fewer, But They’re Hitting Harder — CHICAGO— Even as suspected digital fraud attempts are falling, U.S. consumers are still losing meaningful amounts of money—and a new TransUnion analysis suggests the reason may be that criminals are…
- CFPB Moves Closer To Final Rewrite Of Small Business Lending Data Rule — WASHINGTON— The CFPB is waiting on White House clearance before it can publish a final rule that would complete its rollback of the agency’s small business lending data-collection regime, according…
- Kathleen Coulombe Officially Starts At ACU As CUs Gear Up For Midterm Policy Fights — WASHINGTON— Veteran Washington advocacy executive Kathleen Coulombe officially began as chief advocacy officer at America’s Credit Unions Monday, stepping into one of the trade group’s most closely…
- DCUC Presses Washington On Fed Policy, Cyber Fraud And CFPB Relief In Three-Letter Push — WASHINGTON— In a trio of letters tied to hearings and policy reviews this week, the Defense Credit Union Council is pressing Congress and regulators to take a more tailored approach to monetary…
- ACU Contends NCUA Can—And Should—Match OCC In Illinois Swipe-Fee Fight — WASHINGTON— America’s Credit Unions is hoping NCUA will follow the Office of the Comptroller of the Currency’s lead in the Illinois interchange fee fight, arguing the agency already has authority…
- DCUC Presses Congress On Veteran Lending, Financial Safeguards In Pair Of House Letters — WASHINGTON— The Defense Credit Union Council is using two separate letters to House lawmakers this week to sharpen its push for policies it says would better support veterans both as entrepreneurs…
- DCUC Backs 1071 Relief, Urges Separate House Markup Focused On Credit Union Priorities — WASHINGTON— The Defense Credit Union Council is backing House legislation to ease Section 1071 compliance burdens on smaller institutions, but is also pressing lawmakers to move quickly on a…
- Red River Employees FCU Joins DCUC — TEXARKANA, Texas—The $1.6-billion Red River Employees FCU here has become the newest member of the Defense Credit Union Council, DCUC announced. “Red River Credit Union is proud to join DCUC and…
- DCUC Outlines Credit Union Priorities Ahead of House Financial Services Committee Markup — WASHINGTON, DC – The Defense Credit Union Council (DCUC) wrote to House Financial Services Committee (HFSC) Chairman French Hill and Ranking Member Maxine Waters ahead of the Committee’s April 21,…
- DCUC Calls for Tailored Regulation and Enhanced Consumer Protection in CFPB Strategic Plan — WASHINGTON, DC – The Defense Credit Union Council (DCUC) recently submitted a letter to Acting Director Vought regarding the Consumer Financial Protection Bureau’s proposed FY 2026–2030 Strategic…
- DCUC Calls for Balanced Monetary Policy and Regulatory Equity Ahead of Federal Reserve Chair Nomination Hearing — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) submitted official recommendations on behalf of credit unions ahead of the April 21, 2026, hearing on the nomination of Kevin Warsh to…
- DCUC Urges House Veteran Affairs Subcommittee Prioritize Stronger Financial Safeguards for Veterans — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has submitted a letter to the House Veterans Affairs Subcommittee on Disability Assistance and Memorial Affairs ahead of its April 21, 2026,…
- DCUC Calls on Congress to Remove Barriers to Veteran Entrepreneurship and Small Business Lending — WASHINGTON, DC – The Defense Credit Union Council (DCUC) sent a letter to the House Committee on Small Business ahead of its hearing, “Independent Work, Real Opportunity: The Gig Economy and the…
- DCUC Highlights Urgent Need to Combat Cyber Fraud Targeting Military Families at House Hearing — WASHINGTON, DC – The Defense Credit Union Council (DCUC) submitted a letter to leaders of the House Committee on Homeland Security, including the Subcommittees on Border Security and Enforcement and…
- DCUC Welcomes Red River Employees FCU as Newest Member — WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) is pleased to announce that Red River Employees Federal Credit Union (RRCU), headquartered in Texarkana, Texas, has joined DCUC as its…
- ‘Mythos’ Could Change Cybersecurity For Credit Unions Faster Than Many Are Ready For — WASHINGTON— A new artificial intelligence cybersecurity threat that CUToday.info has been tracking is drawing sharper warnings from security leaders, with new reports from BankInfoSecurity…
- Servicemembers Targeted By Bank In Deceptive VA Refi Marketing, OCC Alleges — WASHINGTON—The Office of the Comptroller of the Currency has settled with The Federal Savings Bank of Chicago over allegations it deceptively marketed VA cash-out refinance loans, issuing a consent…
- DTIF Sees Key Gap In NCUA’s GENIUS Act Proposal — ALEXANDRIA, Va.—The Digital Token Identifier Foundation is urging NCUA to tighten its proposed GENIUS Act rule, arguing there is a key gap in how payment stablecoins would be identified under the…
- Cross River Wins Early Dismissal In Sunlight Investor Suit Over Solar Loans — FORT LEE, N.J.— Cross River Bank here has, at least for now, beaten back a proposed investor class action tied to the collapse of solar lender Sunlight Financial, with a federal judge dismissing…
- CFOs Eye Stablecoins As Payments Tool, Not Crypto Bet — NEW YORK— A growing number of middle-market CFOs are taking a closer look at stablecoins as practical tools for moving money, with interest now outpacing that of traditional cryptocurrencies,…
- UK Federal, Cove FCU Complete Merger, Creating $1.75B Kentucky CU — LEXINGTON, K.Y.--UK Federal Credit Union said it has completed its planned merger with Cove FCU, expanding the combined organization to eight branches, more than 118,000 members and approximately…
- Class Action Targets Capital One, Claims Bank Canceled Accounts And Seized Billions In Rewards — MCLEAN, Va.—Capital One has been hit with a proposed class action in federal court in Virginia alleging it unlawfully wiped out billions of dollars in earned credit card rewards by shutting down…
- ACU Urges CUs to Weigh In As NCUA Comment Deadlines Near — WASHINGTON--America’s Credit Unions is urging credit unions to weigh in on two NCUA proposals with comment deadlines fast approaching, while also reminding institutions that the window to submit…
- ACU Pushes House To Restore Full CDFI Funding Ahead Of Markup — WASHINGTON--The House Financial Services and General Government (FSGG) Subcommittee is expected to mark up its FY27 bill starting Friday, and credit unions are encouraging members to fully fund the…
- ACU Takes CU Concerns, IFPA Fight Directly To Treasury — WASHINGTON--Working to ensure credit union concerns are heard by a leading voice in financial regulation, America’s Credit Unions President/CEO Scott Simpson and Senior Vice President of Advocacy…
- DCUC Presses Congress On Credit Reporting, Tax Status And CDFI Cuts — WASHINGTON--This week, the Defense Credit Union Council addressed several key policy issues impacting credit unions and the communities they serve. In a letter to recommendations to the House…
- FDIC Scraps Biden-Era Warning On Multiple NSF Fees, Easing Pressure On Banks — WASHINGTON— The FDIC has rescinded Biden-era supervisory guidance that warned banks they could face scrutiny for charging multiple nonsufficient funds (NSF) fees when the same unpaid transaction is…
- BofA Must Pay Interest On $540M FDIC Debt Under Split Rate Formula — WASHINGTON— A federal judge in Washington has moved Bank of America and the FDIC closer to wrapping up their long-running fight over underpaid deposit insurance assessments, ruling the bank must pay…
- March Auto Sales Drop 13.9%; Lenders Eye Resilient Demand, Hybrid Shift — NEW YORK— U.S. light-vehicle sales fell 13.9% year over year in March to an estimated 1.39 million units, though the decline was less severe on a selling day adjusted basis, down 10.5%, as March had…
- SWIVEL Expands Corelation Partnership With Innovative Connector Integration — SAN ANTONIO– SWIVEL, a subsidiary of SWBC and leading fintech innovator, announced the launch of the Corelation Connector, a new integration designed to simplify payment processes for credit unions…
- Mortgage Rates Continue To Decline — MCLEAN, Va.--The 30-year fixed-rate mortgage rate continued to drop this past week, averaging 6.30%, Freddie Mac said. “Mortgage rates declined this week to a four-week low of 6.30%,” said Sam…
- Treasury’s Bessent Signals EO On Bank Citizenship Verification Is Moving Closer — WASHINGTON—Banks may not like the idea of being required to collect citizenship information from customers, but Treasury Secretary Scott Bessent said Wednesday they should be ready if regulators…
- ALM First Launches Inaugural Loan Fund For Credit Unions — DALLAS-- ALM First has successfully launched what it is calling a "first-of-its-kind" loan fund for credit unions. The ALM First Loan Fund Investment Pilot Program is a new model whereby ALM First…
- Bipartisan Senators Push To Protect CDFI Fund From Proposed FY27 Cut — WASHINGTON--A bipartisan group of Senators wrote to appropriations leaders Wednesday requesting “no less than” $324 million for the Treasury’s Community Development Financial Institutions (CDFI)…
- ACU Urges ‘Commonsense’ Credit Reporting Reforms Ahead Of House Hearing — WHITE HOUSE--As the House Financial Services subcommittee prepared for its hearing Thursday on promoting access to credit, America’s Credit Unions weighed in on legislation facing the committee. The…
- DCUC Prompts Senate Budget Committee to Protect Credit Union Tax Status, Reject CDFI Cuts — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has sent a letter to Senate Budget Committee leadership ahead of the hearing, “The President’s Fiscal Year 2027 Budget Request,” outlining…
- DCUC Urges “Fair Credit” Reforms to Strengthen Access and Accuracy Ahead of House Hearing — WASHINGTON, DC – The Defense Credit Union Council (DCUC) recently submitted recommendations to leaders of the House Financial Services Subcommittee on Financial Institutions ahead of its hearing,…
- DCUC Requests Clarification of NCUA Authority on Illinois Interchange Law — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has wrote to NCUA Chairman Kyle Hauptman for clarity on whether federal law protects credit unions from the Illinois Interchange Fee…
- VeleraLIVE: Scott Simpson Gets Candid On Tax Threat, Rate Cap, Mergers — ORLANDO, Fla.—America’s Credit Unions President/CEO Scott Simpson offered a candid, wide-ranging assessment of the industry’s biggest threats and fault lines during a fireside chat with Velera…
- VeleraLIVE: Futurist Mike Walsh Tells CUs AI Will Redefine Leadership — ORLANDO, Fla.—At VeleraLIVE on Wednesday, futurist Mike Walsh delivered a blunt message to credit union leaders: the AI era will not be defined by who has the smartest people or the newest tools,…
- VeleraLIVE: From AI to Interchange, Panel Maps Growing CU Pressure Points — ORLANDO, Fla.—If there was one revealing moment during Wednesday morning’s Credit Union Executive Panel at VeleraLIVE, it may have been what happened when moderator Mark Sievewright asked for a show…
- VeleraLIVE: Why Velera Built Its New Data Stack — ORLANDO, Fla.— Velera said the three new data-focused offerings it unveiled at VeleraLIVE Wednesday were built in direct response to what credit unions have been telling the CUSO for years: they…
- Trump Threatens To Fire Powell If Fed Chief Doesn’t Step Down — WASHINGTON— President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell if Powell does not step down when his term as Fed chief ends on May 15, escalating a…
- OCC Ends CFPB HQ Lease Early As Questions Grow Over Bureau’s Future — WASHINGTON— The Office of the Comptroller of the Currency has terminated the CFPB's lease on its Washington headquarters and agreed to transfer the property to the General Services Administration,…
- VeleraLIVE: Bringing Stellaris Technology To Life With New Solutions For Analytics, Data Exchange & Marketing Engagement — ORLANDO, Fla. –At VeleraLIVE Wednesday the CUSO unveiled three data-first solutions powered by Stellaris and Atmos, the organization’s recently introduced next-generation technology stack and…
- For Gen Z, Personal Connection Is Emerging As A Key Edge For Payment Brands — NEW YORK--A new analysis argues that payment brands looking to win with Gen Z may need to think beyond speed, security and convenience, with the data suggesting that emotional relevance and personal…
- ACU Pushes Back On Treasury Citizenship Check Idea For FI Accounts — WASHINGTON--America's Credit Unions President/CEO Scott Simpson sent a letter to Treasury Secretary Scott Bessent outlining how credit unions currently work to verify members' identities, following…
- DCUC Warns Senate Of Rising Senior Fraud Threat, Urges Budget Protection For CUs — WASHINGTON--The Defense Credit Union Council Tuesday sent a letter to Senate Special Committee on Aging Chairman Rick Scott and Ranking Member Kirsten Gillibrand ahead of the hearing, “Empowering…
- VeleraLIVE: Brian Caldarelli Promises Continuity, Faster Execution And No Strategic Reset — ORLANDO, Fla.— Brian Caldarelli told credit unions Tuesday that when he takes over as Velera’s president and CEO on Oct. 1, the goal will not be to remake the company, but to build on what is…
- VeleraLIVE: Dhawan Says CUs Must Rethink Collaboration As AI Reshapes Work — ORLANDO, Fla.— Erica Dhawan opened the first day of VeleraLive 2026 with a message likely to resonate with many credit union executives: the challenge now is not simply adapting to disruption, but…
- VeleraLIVE: New Velera Ecosystem Brings Big Technology Gains, Minimal Disruption — ORLANDO, Fla.— Velera executives used a Tuesday panel at VeleraLIVE 2026 to emphasize the company’s newly unveiled Velera Ecosystem is designed to deliver meaningful technology upgrades for credit…
- Warsh’s Fed Chair Nomination Heads To Senate Banking Hearing Next Week — WASHINGTON— The Senate Banking Committee said Tuesday it will hold a nomination hearing on April 21 for Kevin Warsh, President Trump’s pick to become the next chairman of the Federal Reserve,…
- Goolsbee Warns Oil Shock Could Delay Fed Rate Cuts Until 2027 — WASHINGTON— The Federal Reserve may have to wait until 2027 to cut interest rates if a prolonged run of high oil prices tied to the Iran war keeps inflation from moving back toward the central…
- Strum Platform & FinGoal Partner To Deliver Deeper Member Personalization For CUs & Banks — SEATTLE, Wash./LAFAYETTE, Colo.— Strum Platform and FinGoal said they have entered into a strategic partnership aimed at giving credit unions and banks more detailed, AI-driven personalization tools…
- Rise Analytics Launches Finn: An AI Agent That Turns Financial Institution Data into Instant Answers — TAMPA-- Rise Analytics, a wholly owned subsidiary of Trellance, announced Tuesday the launch of Finn, an AI-powered analytics agent designed to transform how credit unions and other financial…
- VeleraLIVE: Velera Introduces Industry-Defining, Cloud-Native Technology For Next Era Of CU Innovation — ORLANDO--Velera Tuesday unveiled the Velera Ecosystem, including its cloud-native Velera technology stack, Stellaris, and Atmos, its intelligence layer. This innovation engine unifies technology,…
- ACU Endorses NCUA Relief Proposals, Says Fifth Deregulation Round Would Simplify Key Rules — WASHINGTON--The NCUA’s fifth round of Deregulation Project proposals contains three regulatory relief proposals. America’s Credit Unions filed comments Monday on all three in this phase. Rescinding…
- DCUC Highlights Credit Union Role in Protecting Seniors Ahead of Senate Aging Hearing — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) sent a letter to Chairman Rick Scott and Ranking Member Kirsten Gillibrand of the Senate Special Committee on Aging ahead of the…
- DCUC Urges House Budget Leaders to Protect Credit Union Tax Status and Preserve CDFI Funding — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) sent a letter to Chairman Jodey Arrington and Ranking Member Brendan Boyle ahead of the House Budget Committee hearing on “The…
- Firelands FCU Uses AI To Break In-Branch Language Barriers — BELLEVUE, Ohio—The $509.6-million Firelands Federal CU here is turning to artificial intelligence to help eliminate one of the biggest practical barriers to serving diverse communities: language.…
- Banks Tighten CEO Security After 2024 Slaying Of Health Executive — NEW YORK—Major banks have stepped up security for their top executives in the wake of the December 2024 killing of UnitedHealthcare CEO Brian Thompson in Manhattan, with new disclosures showing…
- Early Tax Season Helps Push Used Vehicle Values Higher, Black Book Says — LAWRENCEVILLE, Ga.— Black Book said its seasonally adjusted Used Vehicle Retention Index rose in March, as an early and more active tax season helped push used vehicle values higher despite…
- TransUnion Unveils New Prescreen Tool As Lenders Chase 2026 Loan Growth — CHICAGO— With consumer credit originations expected to increase in 2026, TransUnion is introducing a new self-service prescreen tool aimed at helping lenders speed up marketing campaigns and better…
- Congress Returns With DHS Fight, Budget Clash And Fresh Tax Threat For CUs — WASHINGTON— Congress returned Monday from a two-week recess facing a jammed legislative calendar that includes efforts to address the partial shutdown affecting parts of the Department of Homeland…
- Treasury Unveils Proposed Rules For New 1% Remittance Tax — WASHINGTON--Treasury released proposed guidance on the 1% tax on remittances created by H.R. 1 Monday in the Federal Register, America's Credit Unions reported. The proposal provides rules and…
- ABA Warns NCUA Against Finalizing Stablecoin Application Rule Too Soon — WASHINGTON—The American Bankers Association is urging NCUA to hit pause on its proposed rule implementing part of the GENIUS Act for payment stablecoins, arguing the agency should not finalize an…
- DCUC Files 3 Comment Letters Backing NCUA Deregulation Push — WASHINGTON--The Defense Credit Union Council submitted three comment letters to NCUA Monday in response to the agency’s fifth round of Deregulation Proposals. DCUC addressed proposed changes related…
- Fed Probing Banks’ Private Credit Exposure As Stress Concerns Mount — WASHINGTON—The Federal Reserve is asking major U.S. banks for details on their exposure to private credit as regulators take a closer look at whether mounting strain in the fast-growing sector could…
- DCUC Comments on NCUA Proposals to Modernize Chartering, Conversion, and Merger Regulations — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) submitted three comment letters to the National Credit Union Administration (NCUA) in response to the agency’s fifth round of…
- DCUC Urges Targeted Refinements to NCUA Stablecoin Rulemaking Under GENIUS Act — WASHINGTON, DC – Today, the Defense Credit Union Council, DCUC, submitted comments on the National Credit Union Administration’s (NCUA) proposed rule to implement portions of the Guiding and…
- Tinker FCU Picks Up The Tab At the Pump For Oklahoma Drivers — OKLAHOMA CITY—With gas prices pinching household budgets, Tinker Federal Credit Union employees showed up at two QuikTrip locations here with a simple message: this tank is on us. In a pop-up…
- Treasury Extends FI-Grade Cyber Intel To U.S. Crypto Sector — WASHINGTON—The U.S. Department of the Treasury said Thursday it is opening a new cybersecurity information-sharing initiative for the digital asset sector, giving eligible U.S. crypto firms and…
- Student Choice Launches Employer Choice To Boost the Financial Resilience Of Working Americans — WASHINGTON—With financial stress on the rise for many Americans, CU Student Choice Partners, LLC (Student Choice) is branching beyond its student lending roots with Employer Choice—a…
- DCUC Honors Four CU Professionals With 2026 GEM Scholarships — WASHINGTON—The Defense Credit Union Council has named the recipients of its 2026 George E. Myers (GEM) Scholarship (GEM), honoring four credit union professionals for their commitment to leadership…
- Inflation Jumps To Two-Year High As Energy Surge Clouds Rate-Cut Outlook — WASHINGTON—Inflation heated up sharply in March, with the Consumer Price Index rising 0.9% from February and 3.3% year-over-year, as a surge in energy costs pushed price pressures to their highest…
- ACU, CU Advocates, Present $506K To Children’s Miracle Network Ahead Of Cherry Blossom Run — WASHINGTON—America’s Credit Unions and other credit union advocates presented the Children’s Miracle Network with a $506,000 check during the Credit Union Cherry Blossom press conference at the…
- CURPA’s Settlement Sends Warning On Credit Union Retirement Plan Risk — MADISON, Wis.— A Wisconsin federal judge has granted preliminary approval to a class settlement in the long-running ERISA lawsuit against the Credit Union Retirement Plan Association (CURPA),…
- Lakota FCU’s Ferguson, Guadalupe CU’s Nava Win Inclusiv’s Highest Honor — NEW YORK— Inclusiv has named Shayna L. Ferguson and Winona Nava as the 2026 recipients of its Annie Vamper Helping Hands Award, recognizing two longtime community development credit union leaders…
- Treasury’s Next CDFI Certification Webinar Set For April 16 — WASHINGTON--Credit unions seeking information on becoming certified Community Development Financial Institutions (CDFIs) can attend the CDFI Fund’s latest certification webinar on April 16,…
- DCUC Announces 2026 George E. Myers Scholarship Recipients — WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) is proud to announce the recipients of the 2026 George E. Myers (GEM) Scholarship, recognizing four outstanding credit union professionals…
- Treasury Tightens CDFI Rules, Warns Of Decertification Risk For Noncompliance — WASHINGTON— The Treasury Department said Thursday it will move to tighten oversight of the Community Development Financial Institutions Fund, announcing a forthcoming proposed rule that would…
- TruStage Named to Forbes’ list of America’s Best Insurance Companies for 2026 — MADISON, Wis.--TruStage has been recognized on the Forbes list of America’s Best Insurance Companies 2026 for the fourth consecutive year, the company announced. This prestigious award is presented…
- Smishing, Stolen Checks, Money Mules: Man Pleads Guilty In CU Fraud Plot — BATON ROUGE—La.--Marvell Trevenski Jackson Jr., the Baton Rouge man previously tied to a fraud scheme targeting Neighbors Federal Credit Union, has now pleaded guilty in federal court to conspiracy…
- NCUA Meeting Coverage: Agency Maps Out Reorg Through 2027 As Hauptman Pushes Deregulation, AI & Digital Assets — ALEXANDRIA, Va.—With more than one in five NCUA employees having accepted buyout offers, Chairman Kyle Hauptman said Thursday the agency’s sweeping internal overhaul is not just a policy preference…
- OceanAir FCU To Launch Suite Of Student Choice Lending Solutions — WASHINGTON — CU Student Choice, the leading provider of higher education funding solutions to America’s credit unions, announced its student loan and refinance solutions will soon be available to…
- Velera Enhances Fintech Engagement Program to Deliver Exclusive Benefits — TAMPA-- Velera Thursday announced an evolution of its Fintech Engagement Program, introducing an inaugural cohort of six fintech partners offering exclusive benefits, such as discounted pricing or…
- Banks, Credit Unions Face Setback In Push To Block Stablecoin Rewards — WASHINGTON—The Trump White House is pushing back on one of the banking industry’s core arguments in the fight over stablecoin “rewards,” with presidential economists concluding that banning crypto…
- ACU PAC Extends Special Election Streak With Georgia Victory — ATLANTA--America’s Credit Unions said its PAC continued what it called a strong record in special elections Tuesday, notching its sixth win in six contests so far this cycle as businessman Clay…
- Federal Reserve Eyes FedNow Change To Let CUs Use Intermediaries — WASHINGTON--The Federal Reserve would permit credit unions to use intermediaries to transfer funds through the FedNow Service under a proposal issued Wednesday, America's Credit Unions reported. It…
- NCUA Board Briefed on Brokered and Reciprocal Deposits FAQs, Deregulation Project, Strategic Plan, and Annual Performance Plan — ALEXANDRIA, VA (April 9, 2026) – The National Credit Union Administration (NCUA) held a Board meeting today during which it heard a briefing on recently published frequently asked questions (FAQs)…
- Visa Warns New Scam Wave Demands More Than AI Alone — NEW YORK--As scams grow faster and more convincing, financial institutions are being pushed to rethink fraud prevention around a harder truth: stopping modern fraud now means defending against both…
- Mid American CU Picks Insider Kayla Stading As Successor To CEO Brad Herzet — WICHITA, Kan.— The $500-million Mid American Credit Union has tapped longtime executive Kayla Stading as its next president and CEO, with the internal promotion setting up a leadership transition as…
- Fed Sees Slower Path To 2%, Rising Labor Risks In New FOMC Minutes — WASHINGTON— Federal Reserve officials signaled in minutes released Wednesday that they remain in no rush to cut rates, with policymakers increasingly worried that inflation could stay elevated…
- TruStage Partners With van Wagenen To Offer Collateral Protection Insurance — MADISON, Wis. –– TruStage Wednesday announced it is launching a new Collateral Protection Insurance (CPI) product. The offering, which is provided in partnership with van Wagenen, a financial…
- Treasury Stablecoin Proposal Signals Bank-Like Compliance For Issuers — WASHINGTON—Treasury on Wednesday moved another step deeper into the post-GENIUS Act stablecoin framework, as FinCEN and OFAC jointly proposed rules that would treat permitted payment stablecoin…
- Registration Now Open For 2026 ALM First Financial Forum — DALLAS--Financial institution executives and board members are being urged to register now for ALM First’s 2026 Financial Forum, the firm’s flagship conference, which the company said regularly…
- Spotlighting The Industry’s Trailblazers: 2026 CUES Awards Nominations Now Open — MADISON, Wis.--Nominations are open through May 15 for the 2026 CUES Awards & Recognition program, which honors individuals and credit unions whose impact is driving progress and strengthening the…
- WalletHub: U.S. Credit Card Debt Could Climb Another $50B In 2026 — MIAMI--U.S. households carried $1.33 trillion in credit card debt at the end of February, and WalletHub is projecting balances will climb by another $50 billion before year-end as borrowing costs…
- America’s Credit Unions Presses CFPB On Credit Card Data Burden — WASHINGTON--Noting that credit unions remain committed to offering their members competitive credit card rates and transparent terms, America’s Credit Unions is engaging the CFPB to ensure that the…
- SoFi Moves Deeper Into Commercial Banking With 24/7 Fiat-Crypto Platform — SAN FRANCISCO— SoFi Technologies said it is pushing deeper into commercial banking and digital assets with the launch of SoFi Big Business Banking, a new platform that lets enterprise clients manage…
- PYMNTS: Consumer Finances Look Stable, But Strain Is Building Beneath Surface — NEW YORK— U.S. household finances continue to look relatively steady on the surface, but new PYMNTS analysis suggests the underlying picture is far more fragile, with many consumers maintaining…
- Fed: Consumer Credit Growth Slows As Revolving Borrowing Cools Sharply — WASHINGTON--U.S. consumer credit expanded at a modest 2.2% annual rate in February, with the Federal Reserve’s latest G.19 report showing a sharp slowdown in revolving credit growth to just 0.6%…
- DCUC Tells Treasury CUs Must Be Central To Financial Literacy Strategy — WASHINGTON--The Defense Credit Union Council has submitted a formal comment letter to the U.S. Department of the Treasury in response to its Request for Information on the U.S. National Strategy for…
- FDIC, OCC, NCUA Propose Risk-Based AML/CFT Rewrite for Banks, Credit Unions — ALEXANDRIA, Va.— Federal banking regulators and the NCUA on Tuesday proposed a joint overhaul of anti-money laundering and countering the financing of terrorism program rules that would shift banks…
- NCUA Launches Ninth Deregulation Round, Eyes Relief On Field-of-Membership Rules — ALEXANDRIA, Va.--NCUA Tuesday announced the ninth round of proposed regulatory changes associated with the agency's Deregulation Project. With today’s announcement, NCUA is requesting comments on…
- Velera Expands BNPL Capabilities For Credit Unions, Delivering Real-Time Installment Options Across Credit and Debit — TAMPA--Velera is expanding its Buy Now, Pay Later (BNPL) offerings, giving credit unions two new ways to provide installment-payment options: Debit Flex Payments for debit card purchases and Apple…
- Dimon Backs Softer Capital Rules—But Says Big Flaws Remain — NEW YORK—JPMorgan Chase CEO Jamie Dimon this week said he has “mixed” feelings about the Trump Administration’s proposed rewrite of bank capital rules, calling the latest plan an improvement over…
- Treasury Taps BNY Mellon To Power New Trump Accounts Program — WASHINGTON--The Treasury Department announced Monday that the Bank of New York Mellon Corporation (BNY) is the chosen designated financial agent of the U.S. government to support implementation of…
- Agencies Request Comment on Anti-Money Laundering/Countering the Financing of Terrorism Proposed Rule — ALEXANDRIA, VA (April 7, 2026) – The Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the National Credit Union Administration (NCUA) (collectively,…
- NCUA Announces Ninth Round of Deregulation Proposals — Alexandria, VA (April 7, 2026) – The National Credit Union Administration today announced the ninth round of proposed regulatory changes associated with NCUA’s Deregulation Project. The project is…
- DCUC Submits Recommendations to U.S. Treasury on National Financial Literacy — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has submitted a formal comment letter to the U.S. Department of the Treasury in response to its Request for Information on the U.S. National…
- Chime’s New Rewards Tier Signals Fresh Threat To Bank, CU Checking Relationships — SAN FRANCISCO— Chime is escalating its push to become consumers’ primary checking account provider, unveiling a new premium “Chime Prime” tier that offers richer rewards and perks to members with at…
- Mortgage Forbearance Worked For Most—But MBA Says Vulnerable Borrowers Needed More Help — WASHINGTON—A new Mortgage Bankers Association report says pandemic-era mortgage forbearance helped most borrowers avoid foreclosure, but a sizable group of more financially vulnerable homeowners…
- TruStage Says Clearer, Personalized Planning Can Close Retirement Confidence Gap — MADISON, Wis.-- New research from TruStage Retirement Solutions reveal that personalized and digital retirement planning support can drive meaningful clarity, confidence and action among workers, a…
- WOCCU Says New Impact Report Shows Global Advocacy Wins, Expanded Financial Access — MADISON, Wis.—World Council of Credit Unions said its newly released 2025 Impact Report shows the organization pushing credit unions further into the global policy conversation, while also…
- Creditors Group Pushes Back As FCC Floats ‘American Standard English’ Rule For Offshore Call Centers — WASHINGTON— The National Creditors Bar Association is pushing back on the Federal Communications Commission’s plan to require some offshore call center workers to speak “American Standard English,”…
- America’s Credit Unions Tells Treasury New Literacy Plan Should Lean On CUs, Fraud Prevention — WASHINGTON— As Treasury updates the federal government’s national financial literacy playbook during Financial Capability Month, America’s Credit Unions is urging policymakers to give credit unions…
- DCUC, ACU Back White House On Fraud, Brace For CDFI, Tax Fights In Reconciliation — WASHINGTON— America’s Credit Unions and the Defense Credit Union Council used separate media calls Monday to deliver a clear message as Congress remains out of town: they see real alignment with the…
- Judge Rejects DOJ Bid To Revive Powell Subpoenas In Fresh Blow To Probe — WASHINGTON—A federal judge in Washington on Friday rejected the Justice Department’s bid to revive subpoenas issued as part of its investigation into Federal Reserve Chair Jerome Powell, delivering…
- DCUC And Scienaptic AI Announce Strategic Collaboration — WASHINGTON-Scienaptic AI has joined the Defense Credit Union Council's Premier Circle Program, DCUC announced. Scienaptic AI offers compliant, AI-powered credit decisioning platform to credit unions…
- Illinois AG Urges Seventh Circuit To Preserve Key IFPA Interchange Limits — CHICAGO--The Illinois Attorney General filed their reply brief in the U.S. Court of Appeals for the Seventh Circuit Friday, seeking to uphold the lower court’s decision on the interchange fee…
- Notre Dame FCU, Catholic United Financial CU Cleared to Merge After Member Vote — SOUTH BEND, Ind.— Notre Dame Federal Credit Union said it is moving forward with its planned merger with Catholic United Financial Credit Union after Catholic United Financial CU members…
- Century FCU Lands Multi-Year Deal With Cleveland Guardians — CLEVELAND— Century Federal Credit Union has been named the Official Credit Union of Major League Baseball’s Cleveland Guardians. Under a new multi-year partnership, the $400-million credit union…
- Man Sentenced In Butte Credit Union Robbery After Telling Judge He Wanted Prison — BUTTE, Mont.— A man who robbed Southwest Montana Federal Credit Union in March 2025 was sentenced Thursday to 10 years in prison, with five years suspended, after apologizing in Butte District Court…
- Why Banks, Credit Unions Need ‘Continuous Trust’ To Fight Synthetic ID Fraud — NEW YORK--Trust in financial services can no longer be treated as a one-time checkpoint at account opening, as fraudsters increasingly exploit digital channels, according to a new PYMNTS report…
- Peak Credit Union Lays Off 85 Employees, Citing Economic Conditions — LACEY, Wash.— Peak Credit Union has laid off 85 employees across multiple states, with the cuts early last week as the recently rebranded institution moves to adjust to what it described as current…
- Trump Budget Backs Fraud Fight But Raises Credit Union Concerns — WASHINGTON– President Trump’s FY2027 budget proposal includes several provisions impacting credit unions, including changes to community development funding (see related story), small business…
- $285 Million DeFi Theft Raises Fresh Questions Over Stablecoin Compliance Controls — WASHINGTON— A roughly $285-million theft from decentralized finance platform Drift Protocol is putting fresh pressure on U.S.-regulated stablecoin issuers, after millions of dollars in stolen funds…
- DCUC, CUES Spotlight Advocacy, Leadership At Northwest Northwest Sub-Council Meeting; CU Unplugged Wraps In San Francisco — LAKEWOOD, Wash.--The Defense Credit Union Council, in collaboration with CUES, successfully hosted a Northwest Sub-Council meeting on Friday, March 27, at Harborstone Credit Union headquarters here,…
- Trump FY2027 Budget Seeks $204.5 Million Cut to CDFI Fund Awards — WASHINGTON--In its FY2027 budget proposal, the Trump Administration proposes cutting $204.5 million from discretionary awards for the Community Development Financial Institutions (CDFI) Fund,…
- see related story — WASHINGTON--In its FY2027 budget proposal, the Trump Administration proposes cutting $204.5 million from discretionary awards for the Community Development Financial Institutions (CDFI) Fund,…
- March Hiring Rebounds, Giving Fed More Room To Hold Rates Steady — WASHINGTON— U.S. job growth rebounded in March after a surprising decline the month before, with employers adding 178,000 jobs and private-sector hiring coming in much stronger than expected, a…
- America’s Credit Unions Urges CFPB To Ease Reg E Rule To Fight Fraud — WASHINGTON--When it comes to fighting fraud, even small changes can make a big impact. In a letter sent to the CFPB sent Thursday, America’s Credit Unions urged the Bureau to make a small regulatory…
- America’s Credit Unions Urges NCUA To Modernize Supervisory Appeals Process — WASHINGTON--With the Office of the Comptroller of the Currency proposing reforms, the NCUA should undertake a rulemaking to align more closely and modernize its appeals process for supervisory…
- DCUC and CUES Convene Successful Northwest Sub-Council Gathering — Convening Credit Union Leaders Across the Pacific-Northwest on Strategic Advocacy and Leadership WASHINGTON, D.C. – The Defense Credit Union Council (DCUC), in collaboration with CUES, successfully…
- DCUC and Best Innovation Group Host Successful First-Ever CU Unplugged — WASHINGTON, D.C. – The Defense Credit Union Council (DCUC), in partnership with Best Innovation Group (BIG), announces the successful conclusion of the inaugural CU Unplugged, a first-of-its-kind…
- NCUA Board To Hold Open Meeting On April 9 — ALEXANDRIA, Va.--NCUA will hold and open board meeting on Thursday, April 9, the agency announced. The meeting will begin at 10 a.m. ET. Items on the agenda include briefings on: NCUA’s open board ...
- BCU CEO Michael Valentine To Retire in 2027; Jim Block Named Successor — VERNON HILLS, Ill.—Baxter Credit Union said President and CEO Michael G. Valentine plans to retire in 2027, capping a 42-year run at the credit union, while longtime executive Jim Block has been…
- Could Cyberattacks Trigger A Federal Insurance Backstop? Treasury Wants Answers — WASHINGTON— The Treasury Department is seeking public comment on whether major cyber incidents are being handled adequately under the federal Terrorism Risk Insurance Program, reopening debate over…
- DHS Shutdown Still In Flux As Trump Moves To Restore Worker Pay — WASHINGTON—The Department of Homeland Security shutdown remained unresolved Thursday afternoon, despite earlier signs of a breakthrough, as President Donald Trump moved to temporarily restore pay…
- Metro CU, Members Plus CU Plan Merger To Form $3.5B Institution In Mass. — CHELSEA, Mass.— Metro Credit Union and Members Plus Credit Union said they plan to merge in a deal that would create a $3.5-billion institution serving about 214,000 members through 25 branches,…
- 30-Year Fixed-Rate Mortgage Averages 6.46% — MCLEAN, Va.--The 30-year fixed-rate mortgage averaged 6.46% this past week, Freddie Mac reported. “The 30-year fixed-rate mortgage edged up, averaging 6.46% this week,” said Sam Khater, Freddie…
- FDIC Report Shows Rising Complaint Pressure, Big Restitution Orders For Banks In 2025 — WASHINGTON— FDIC-supervised banks were cited for 1,155 consumer protection violations in 2025, with nearly 40% tied to Truth in Lending Act/Regulation Z issues and the top five violation categories…
- Velera Selected As Debit And Credit Processing Provider For River Valley Credit Union — MIAMISBURG, Ohio--River Valley Credit Union here has chosen Velera to provide debit and credit card processing support. While exploring debit and credit card processing options, River Valley CU…
- Visa Sounds Alarm As Card Disputes Surge 35%, New Tools Target Rising Fraud — SAN FRANCISCO— Visa is rolling out a new slate of dispute-resolution tools as card disputes continue to climb, underscoring how chargebacks and so-called “friendly fraud” are becoming a bigger cost…
- SBA Boost Gives CUs Stronger Backstop On Trade Loans — WASHINGTON--Credit unions lending through the Small Business Administration’s (SBA) International Trade Loan (ITL) program will feel more secure in deploying capital to support small manufacturers,…
- NCUA Board to Hold Meeting on April 9 — Alexandria, VA (April 2, 2026) ― The National Credit Union Administration Board will hold a meeting on Thursday, April 9 starting at 10 a.m. Eastern. Items on the agenda include briefings on: All…
- Trump Administration Seeks Court OK To Cut CFPB Staff By More Than Half — WASHINGTON— The Trump Administration is asking a federal appeals court for permission to move ahead with a new plan to slash the Consumer Financial Protection Bureau’s workforce by more than half,…
- Arizona Measure Restricting Financial Services For Illegal Immigrants Clears House Panel — PHOENIX— Legislation in Arizona that would impose new restrictions on financial services for immigrants in the country illegally advanced this week in the state House, with Senate Bill 1421…
- French Hill Signals Broad CFPB Overhaul, New 1071 And 1033 Rules — SAN DIEGO—House Financial Services Committee Chairman French Hill (R-AR) told bankers at CBA LIVE that House Republicans are preparing a broader push this year to reshape the Consumer Financial…
- Wyoming Enacts New Law To Regulate Crypto Kiosks — CHEYENNE, Wyo.— Wyoming has enacted a new law regulating virtual currency kiosks, with Gov. Mark Gordon signing House Bill 75 on March 6, according to ATM Marketplace. The law brings cryptocurrency…
- BofA To Pay $72.5 Million To Resolve Lawsuit Over Alleged Epstein Ties — NEW YORK— Bank of America has agreed to pay $72.5 million to settle a proposed class action brought by women who accused the bank of helping facilitate Jeffrey Epstein’s sex trafficking operation,…
- As Household Debt Hits $18.8T, New Report Flags Cities Under Stress — MIAMI--With U.S. household debt now standing at roughly $18.8 trillion, personal finance company WalletHub said a new analysis shows some of the nation’s largest cities are facing especially acute…
- Treasury Launches First GENIUS Act Rulemaking On State Stablecoin Oversight — WASHINGTON— The U.S. Department of the Treasury has issued its first proposed rule under the GENIUS Act, seeking public comment on how it should determine whether state-level stablecoin regulatory…
- NCUA Releases 2025 Annual Report — ALEXANDRIA, Va.--NCUA Wednesday released its 2025 Annual Report, highlighting the agency’s activities and accomplishments over the past year. “Throughout 2025, the Share Insurance Fund and the…
- Tri-CU Pays Second 50% APY Special Dividend In Three Months — KENNEWICK, Wash.— The $75-million Tri-CU said it has paid a second 50% APY special dividend in three months, with the $75-million credit union crediting roughly $20 to members who maintained an…
- Copper & Glass Closes; OMEGA Federal Credit Union Assumes Loans, Assets, Shares — Alexandria, VA (April 1, 2026) – The National Credit Union Administration today liquidated Copper & Glass Federal Credit Union in Glassport, Pennsylvania. OMEGA Federal Credit Union of Wexford,…