Credit Union News — May 2026
Credit union industry reporting published in May 2026.
- First Harvest Breach Exposes Social Security Numbers, Financial Data — DEPTFORD, N.J.—The $473-million First Harvest Federal CU here has disclosed a data breach involving unauthorized access to an employee email account that may have exposed names, Social Security…
- TD Bank Says AI Agent Cuts Mortgage Review Work From 15 Hours To Minutes — TORONTO—TD Bank Group said it has launched its first agentic artificial intelligence model for mortgage and home equity lending, a move the bank said is reducing parts of the mortgage review process…
- Credit Unions Risk Losing Young Members Without Installment Payment Tools — NEW YORK--A new report from PYMNTS Intelligence and Velera suggests installment payments are rapidly becoming a core expectation among younger consumers, putting added pressure on credit unions to…
- FIs Hit Hardest As DDoS Attacks Grow Longer, More Sophisticated — WASHINGTON—Artificial intelligence-powered bots and increasingly sophisticated hacktivist campaigns drove a record wave of denial-of-service attacks against financial institutions in 2025, with…
- ACU Joins Trades Supporting OCC Fee Rule — WASHINGTON — In new comment letters filed Friday, the Illinois Bankers Association, Illinois Credit Union League, American Bankers Association and America’s Credit Unions expressed support for both…
- Fed’s Bowman Says Policymakers May Need To Look Past War-Driven Inflation Spike — REYKJAVÍK, Iceland —Federal Reserve Vice Chair for Supervision Michelle Bowman said policymakers should be cautious about overreacting to inflation driven by rising energy prices tied to the…
- New Playbook For Outreach: Blaze CU Recruits NFL's Kevin O’Connell For Community Push — FALCON HEIGHTS, Minn.—The $4.8-billion Blaze Credit Union here has signed Minnesota Vikings Head Coach Kevin O’Connell as its newest brand ambassador, adding one of the state’s most recognizable…
- DCUC Backs OCC Move To Block Illinois Interchange Fee Law For National Banks — WASHINGTON--The Defense Credit Union Council has written to the Office of the Comptroller of the Currency regarding its interim final rule and interim final order concerning the Illinois Interchange…
- America’s Credit Unions Takes Mortgage Access Message Directly To Federal Agencies — WASHINGTON--Part of ongoing advocacy on increasing access to mortgages, America’s Credit Unions’ advocacy team met with Federal Housing Finance Agency, Federal Housing Administration, and Department…
- DCUC Warns Illinois Interchange Law Threatens Payment System Stability, Applauds OCC Response — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has written to the Office of the Comptroller of the Currency (OCC) regarding its interim final rule and interim final order concerning the…
- NCUA Included In Sweeping OMB Plan To Rewrite Federal Grant Rules — WASHINGTON—NCUA would be swept into a major overhaul of federal grantmaking rules under a new Office of Management and Budget proposal that seeks to tighten oversight of federal financial assistance…
- Banks Race To Add AI Assistants, But Customers Still Hit Frustrating Dead Ends — TROY, Mich.— The nation’s banks and credit card providers are rapidly expanding the use of artificial intelligence (AI)-powered virtual assistants across their mobile apps and websites, but the…
- SoFi Expands Stablecoin Access To Nearly 15 Million Banking Customers — SAN FRANCISCO—SoFi Technologies said it has expanded access to its dollar-backed stablecoin, SoFiUSD, allowing its nearly 15 million banking customers to buy, sell and hold the digital asset…
- 30-Year Mortgage Rate Ticks Up Again As Buyers Wait For Relief — MCLEAN, Va.-- The 30-year fixed-rate mortgage averaged 6.53% this past week, Freddie Mac reported. “The 30-year fixed-rate mortgage averaged 6.53% this week,” said Sam Khater, Freddie Mac’s chief…
- Members CU CEO Kathy Chartier Dies; Board Coordinating Transition Efforts — STAMFORD, Conn.—Members Credit Union said it is coordinating continuity efforts following the death of its President and CEO, Kathy L. Chartier. In a statement posted to its website and LinkedIn…
- Trump Accounts Program Moves Forward With New Mobile App Launch — WASHINGTON—The Treasury Department on Thursday announced the launch of the new Trump Accounts mobile app, marking the next phase of the Administration’s rollout of its new federally backed…
- CFPB Faces Lawsuit Challenging Fair Lending Deregulatory Changes — WASHINGTON—The National Fair Housing Alliance and several allied groups have filed suit against the CFPB, seeking to overturn the agency’s recent rollback of fair lending protections under the Equal…
- Appraisal Reform Efforts Gain Momentum As ACU Meets With HUD, FHFA — WASHINGTON--At a joint meeting with the U.S. Department of Housing and Urban Development (HUD) about housing appraisals Wednesday, America’s Credit Unions provided credit union input, ACU said,…
- CU Loan Balances Slip Again In March, ACU Says — WASHINGTON--Credit union loans outstanding decreased by 0.12% in March, compared to a 0.21% decrease in February and a 0.4% decrease in March 2025, according to America’s Credit Unions’ latest…
- Mobile Phones Becoming Retail’s ‘Anywhere Storefront,’ New Study Finds — NEW YORK—Mobile phones have effectively become the world’s new “anywhere storefront,” with nearly half of all global shoppers now using a smartphone during their most recent retail purchase,…
- Lenders Face Growing Stagflation Risks As Middle East Conflict Disrupts Global Economy — LONDON—Escalating concerns over prolonged disruption tied to the Middle East conflict are prompting economists to cut global growth forecasts and warn lenders about rising inflation, weaker consumer…
- FDIC: Bank Profits Rise, But Margin Pressure Persists — WASHINGTON—U.S. banks posted stronger profits in the first quarter as loan growth accelerated and deposits continued climbing, although pressure on net interest margins and rising unrealized…
- DCUC Urges Pennsylvania And New York Lawmakers To Reject 'Harmful' Interchange Legislation — WASHINGTON—The Defense Credit Union Council recently sent letters to Pennsylvania House and Senate leaders and New York Senate leaders urging opposition to proposed interchange-fee legislation. In…
- JD Power: Banks Still Failing To Turn Personalized Advice Into Lasting Engagement — TROY, Mich.— Retail banks have invested heavily in financial advice and support tools designed to create a more personalized customer experience, but many are still struggling to turn those…
- All One CU Begins CEO Search As Barbara Mahoney Announces Retirement — LEOMINSTER, Mass.—All One Credit Union President and CEO Barbara Mahoney will retire at the end of 2026, concluding a 45-year career in financial services that included more than two decades with…
- America’s Credit Unions Urges Feedback On IRS, NCUA Proposals — WASHINGTON--Recent America's Credit Unions Regulatory Commentalerts encourage credit unions to submit feedback on several active regulatory proposals, the trade group reminded. America’s Credit…
- America’s Credit Unions Backs NCUA Plan To Ease Indirect Auto Lending Rules — WASHINGTON--The NCUA’s proposed rule to clarify third-party servicing of indirect vehicle loans would provide federal credit unions with needed change and flexibility, offering parity with many…
- DCUC Calls for Pennsylvania and New York Lawmakers to Reject Harmful Interchange Legislation — WASHINGTON, DC – The Defense Credit Union Council (DCUC) recently sent letters to Pennsylvania House and Senate leaders and New York Senate leaders urging opposition to proposed interchange-fee…
- DCUC Backs NCUA Plan To Ease Associational Common Bond Rules — WASHINGTON--The Defense Credit Union Council Tuesday filed a comment letter in support of NCUA's proposed rulemaking to amend associational common bond requirements for chartering and field of…
- Discover To Pay Up To $1.2 Billion In Credit Card Misclassification Case — CHICAGO—An Illinois federal judge has granted final approval to a massive settlement under which Discover Financial Services will pay between $540 million and $1.2 billion to resolve class action…
- New Study Suggests Gen Z Prefers Financial ‘App Stacks’ Over Single FI — ATHENS, Ga.—Vertice AI has released a new report suggesting younger consumers are increasingly managing their financial lives through multiple apps and digital tools rather than relying on a single…
- FDIC, Fed Release Big Bank ‘Living Will’ Feedback As Gould Raises Concerns — WASHINGTON—The Federal Deposit Insurance Corp. and Federal Reserve have released feedback letters tied to the latest “living will” resolution plans submitted by the nation’s largest banks, though…
- Banks Press Federal Reserve To Future-Proof New Supervisory Framework — WASHINGTON—Wall Street banks are privately pressing the Federal Reserve to formalize a softer supervisory framework now being advanced under the Trump Administration, arguing the changes should be…
- Warren, Van Hollen Urge Regulators To Block Enova Bank Deal Over ‘Predatory’ Lending Concerns — WASHINGTON—Sens. Elizabeth Warren (D-MA) and Chris Van Hollen (D-MD) are urging the Federal Reserve and OCC to reject Enova International’s bid to acquire Grasshopper Bank, warning the deal would…
- FDIC Moves To Tighten Oversight Of Payment Stablecoins Under GENIUS Act — WASHINGTON—The FDIC has proposed new rules that would require stablecoin issuers under its supervision to comply with anti-money laundering, Bank Secrecy Act and economic sanctions requirements,…
- New CFPB 1071 Rule Summary Details Reduced Compliance Burden For Credit Unions — WASHINGTON--A new Final Regulation Summary of the CFPB’s small business lending data collection rule is available from America’s Credit Unions’ Compliance team. Finalized April 30, the final rule…
- DCUC Supports NCUA Proposal to Clarify Associational Common Bond Requirements — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has filed a comment letter in support of the National Credit Union Administration’s (NCUA) proposed rulemaking to amend associational common…
- FTC Wins $6.5 Million Sanction Against Payment Processor Cliq — LAS VEGAS—A federal judge in Nevada has ordered payment processor Cliq Inc. and two of its executives to pay $6.5 million in sanctions after finding they violated a 2015 Federal Trade Commission…
- ‘Statistically Better Than Humans’: Revolut Says AI Is Transforming AML Monitoring — WASHINGTON—Artificial intelligence is now outperforming humans in some key areas of financial crime compliance, according to American Banker, which reported comments from Revolut U.S. CEO Cetin…
- Wells Fargo Leaders Settle Shareholder Suit Over Lending Bias, ‘Fake’ Interviews — SAN FRANCISCO—A California federal judge has granted final approval to a $110-million shareholder derivative settlement involving Wells Fargo, resolving claims that the bank’s directors and…
- Fraud Experts Warn New White House Orders Send Mixed Signals To Financial Institutions — WASHINGTON—Two executive orders signed by President Donald Trump are setting up what some fraud and compliance experts see as a regulatory contradiction for financial institutions: tougher Know Your…
- Nevada CU Turns Heads With Eye-Popping 8.30% APY Offer — LAS VEGAS—As consumers continue searching for higher returns on savings amid persistent inflation and elevated household costs, Create Credit Union here is aggressively competing for deposits with a…
- MemberSource CU Breach Exposes Unencrypted Data Of More Than 22,000 — HOUSTON—The $206-million MemberSource Credit Union here has disclosed a data breach affecting 22,308 Texas residents after unauthorized access to its network exposed unencrypted personal…
- SDCCU, Cal Coast Jointly Seek More Time In Ongoing Merger Litigation — SAN DIEGO—The legal dispute between San Diego County Credit Union and California Coast Credit Union has been delayed, with the next management conference now pushed from May 22 to June 26, according…
- Consumer Sentiment Sinks To New Record Low As Inflation Fears Intensify — WASHINGTON—U.S. consumer sentiment fell to another record low in May as Americans grew increasingly worried about inflation, rising gasoline prices and the broader economic outlook, according to the…
- Treasury, NCUA Comment Clocks Ticking — WASHINGTON--America's Credit Unions is urging CUs to weigh in on two Treasury proposals implementing the GENIUS Act, with comments due in the coming weeks. In addition to directly responding to…
- ACU Warns AI, Social Media Are Driving Surge In NCUA Consumer Complaints — WASHINGTON--Routing routine consumer disputes through the NCUA’s Consumer Assistance Center (CAC) is an emerging trend that warrants corrective action, America’s Credit Unions wrote to Chairman Kyle…
- The Crypto Gap: Why Younger Members Are Looking Beyond Credit Unions — NEW YORK—A 28-year-old credit union member walks into a branch with a simple question: Can she buy bitcoin? Minutes later, she’s in her car completing the transaction on a crypto app—because her…
- Vehicle Crashes Through Hudson River CU Branch's Doors; Suspect Taken Into Custody — KINGSBURY, N.Y.—A vehicle crashed through the front entrance of a Hudson River Credit Union branch, prompting a law enforcement response and temporary closure of the office, according to a report by…
- Experian Moves To Tackle Fraud, Identity Risks In Autonomous AI Payments — COSTA MESA, Calif.—Experian said it has launched what it is calling a first-of-its-kind framework designed to bring identity verification and accountability to AI-driven transactions, as companies…
- Incentive Pay, Stock Awards Drive Double-Digit Jump In Bank CEO Compensation — NEW YORK—CEO pay across the banking sector climbed sharply in 2024, with nearly every chief executive in a new Compensation Advisory Partners analysis receiving higher total compensation than the…
- Mortgage Rates Move Higher — MCLEAN, Va.--The 30-year fixed-rate mortgage averaged 6.51% this past week, Freddie Mac reported. “The 30-year fixed-rate mortgage averaged 6.51% this week,” said Sam Khater, Freddie Mac’s chief…
- Jamie Dimon Says AI Could Lead JPMorgan To Hire Fewer Traditional Bankers — SHANGHAI—JPMorgan Chase CEO Jamie Dimon said the bank expects artificial intelligence to reshape its workforce over time, potentially leading the company to hire more AI specialists and fewer…
- Federal Reserve Advances Limited ‘Payment Account’ Proposal For Fintech Firms — WASHINGTON—The Federal Reserve has moved closer to opening its payment infrastructure to financial technology and crypto firms, advancing a proposal for a new type of limited “payment account” that…
- ACU PAC Says 40 Of 41 Supported Candidates Win Or Advance — WASHINGTON--Tuesday’s primaries across six states saw nearly every credit union-backed candidate prevail, America's Credit Unions reported. Forty of 41 America’s Credit Unions PAC-backed candidates…
- ACU Urges BSA Overhaul To Cut Compliance Burden, Improve Crime Reporting — WASHINGTON--Modernizing and improving the efficacy of the Bank Secrecy Act (BSA) and other laws would enhance consumer safety while providing needed regulatory relief for consumers America’s Credit…
- Six Charged In $1.3-Million Fraud Scheme Targeting Banks, Credit Unions With Stolen Tax Refund Checks — BUFFALO, N.Y.—Federal prosecutors in New York have charged six people in what authorities allege was a nationwide fraud scheme that stole more than $1.3 million from banks and credit unions using…
- BNPL, Installment Plans Increasingly Dictate Where Younger Consumers Spend, PYMNTS Finds — NEW YORK—The availability of buy now, pay later and merchant-offered installment plans is increasingly influencing where consumers choose to shop, book travel, seek healthcare and even buy…
- Fed’s Barr Pushes Financial Institutions To Focus On Consumer Outcomes, Not Just Access — ATLANTA—Federal Reserve Gov. Michael Barr said financial institutions should move beyond simply expanding access to accounts and focus more directly on whether products are improving consumers’…
- Anthropic To Brief Global Regulators On AI Cyber Risks — BASEL, Switzerland—Artificial intelligence startup Anthropic is preparing to brief the Financial Stability Board on cyber vulnerabilities in the global financial system that its upcoming AI model,…
- CFOs Prioritize Cost Cuts, Growth And AI While Bracing For Global Volatility — NEW YORK—Chief financial officers are becoming more cautious about the U.S. economy amid rising geopolitical tensions and inflation concerns, but many are still pursuing acquisitions, technology…
- Appeals Court Blocks Class Action Over Bank Of America Overdraft Fees — SAN FRANCISCO—The Ninth Circuit Court of Appeals has ruled that Bank of America can force business checking account customers into arbitration in a proposed class action accusing the bank of…
- House Passes Sweeping Housing Package Backed By White House In 396-13 Vote — WASHINGTON—The House Wednesday overwhelmingly approved the bipartisan 21st Century ROAD to Housing Act in a 396-13 vote, advancing a sweeping package aimed at boosting housing supply, easing…
- DCUC Says NCUA Proposal Would Give Credit Unions More Flexibility In Auto Lending — WASHINGTON—The Defense Credit Union Council has filed a comment letter with NCUA supporting its proposed rulemaking to remove regulatory provisions related to third-party servicing of indirect…
- Inclusiv, NLCUP Warn Trump Banking Order Could Push More Immigrants Out Of Financial System — NEW YORK—Inclusiv and the National Association of Latino Credit Unions and Professionals (NLCUP) are warning that a new Trump Administration Executive Order directing regulators to revisit Bank…
- Corporate Central Holds 45th Annual Meeting And Announces Board Of Directors — MADISON, Wis – Corporate Central brought together credit union leaders for its 45th annual meeting on Thursday, May 14, at the Monona Terrace Community & Convention Center here, held in conjunction…
- DCUC Statement on House Passage of the 21st Century ROAD to Housing Act — WASHINGTON, DC – The Defense Credit Union Council (DCUC) issued the following statement following House passage of the 21st Century ROAD to Housing Act and ongoing congressional efforts to address…
- DCUC Supports NCUA Proposal to Streamline Indirect Auto Lending Rules — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has filed an official comment letter to the National Credit Union Administration (NCUA) supporting its proposed rulemaking to remove…
- Trump Orders Sweeping Fintech Review, Signals Push For Fed Payment Access Expansion — WASHINGTON—President Donald Trump on Tuesday signed a pair of Executive Orders aimed at reshaping the regulatory landscape for financial technology firms while simultaneously tightening anti-money…
- CrossState, Metallicus Launch Stablecoin Sandbox For 50 Credit Unions — HARRISBURG, Pa.—The CrossState Credit Union Association and Metallicus have launched a new initiative designed to help credit unions evaluate stablecoins, blockchain infrastructure, digital identity…
- CoVantage CU Names New Preisdent/CEO — ANTIGO, Wis.—CoVantage Credit Union has named longtime industry executive Matt Kaudy as its next president and CEO following a nationwide search, with the appointment set to take effect June 1.…
- Texas DPS CU Names Monique Quarrells President, CEO — AUSTIN, Texas—The $100-million Texas DPS Credit Union has named Monique Quarrells president and CEO. Quarrells has been with the organization for six years, most recently serving as executive vice…
- NCUA Advances IFPA Preemption Rule For Federal CUs — WASHINGTON—NCUA has proposed an interim final rule clarifying federal credit unions’ authority over “non-interest charges and fees,” a move widely viewed as the agency’s response to Illinois’…
- Bipartisan Housing Package Advances With Focus on Supply, Affordability And Local Lending — WASHINGTON—House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters on Tuesday unveiled revised legislation tied to the 21st Century ROAD to Housing Act that would…
- Bitcoin Depot Files Bankruptcy, Shuts Down 9,000-Plus Crypto ATM Network — ATLANTA—Bitcoin Depot, once the largest bitcoin ATM operator in North America, has filed for Chapter 11 bankruptcy and taken its more than 9,000-kiosk network offline as it begins an orderly…
- As House Panel Looks At Bank-Fintech Ties, DCUC Says Don’t Leave CUs Out — WASHINGTON--Tuesday, the Defense Credit Union Council wrote to the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence ahead of its May 20,…
- Tucson Federal CU Partners With InvestiFi To Add Digital Investing, Crypto Tools — TUCSON, Ariz.—Tucson Federal Credit Union is partnering with fintech firm InvestiFi to embed digital investing tools directly into its online banking platform, giving members the ability to buy…
- SBA Raises Combined 7(a), 504 Loan Limit To $10 Million In Boost For Small Business Borrowers — WASHINGTON--The Small Business Administration (SBA) announced a new rule Monday to allow eligible borrowers to combine their 7(a) and 504 loans for up to $10 million in SBA-backed financing, a 50%…
- DCUC Statement Following Executive Orders on Financial Technology and Financial System Integrity — WASHINGTON, DC – The Defense Credit Union Council (DCUC) issues the following statement in response to the recent Executive Orders signed by President Trump, “Integrating Financial Technology…
- Agencies Request Comment on Financial Institutions Rating System — Alexandria, VA (May 19, 2026) ― The Federal Financial Institutions Examination Council (FFIEC) today invited public comment on proposed revisions to the uniform financial institutions rating system,…
- DCUC Issues Statement on Pending NCUA Rule Addressing Preemption and Payment Fee Authority — WASHINGTON, DC – The Defense Credit Union Council (DCUC) issued the following statements in response the National Credit Union Administration’s reported pending rulemaking on preemption and…
- DCUC Urges Credit Union Inclusion in Fintech Innovation Hearing and H.R. 6552 — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) wrote to the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence ahead of its…
- Alaska Senate Passes Bill Targeting Crypto ATM Scams — JUNEAU, Alaska—The Alaska Senate has unanimously passed SB 249, legislation creating a statewide regulatory framework for virtual currency kiosks, commonly known as Bitcoin ATMs, after supporters…
- Canada Moves To Launch Financial Crimes Agency With New Federal Bill — OTTAWA, Canada—Canada has introduced legislation to establish a new federal Financial Crimes Agency, marking a significant escalation in the country’s effort to combat money laundering, fraud and…
- Minnesota Opens Door For Banks, Credit Unions To Offer Crypto Custody Services — ST. PAUL, Minn.—Banks and credit unions in Minnesota will be permitted to offer certain cryptocurrency custody services beginning Aug. 1 under legislation signed into law Friday by Gov. Tim Walz, a…
- ACU, Bank Trades Press CFPB For Mortgage Rule Relief Under Trump Order — WASHINGTON—America’s Credit Unions joined four major financial trade groups in urging the Consumer Financial Protection Bureau to move quickly on targeted mortgage regulatory relief tied to…
- Chris Felton Receives One Of Credit Union Industry’s Highest Honors — MILWAUKEE--Corporate Central Credit Union President and CEO Chris Felton has been named a 2026 Credit Union House Hall of Leaders honoree, a national recognition that honors individuals whose…
- DCUC Presses Congress For Greater Credit Union Parity In Housing Bill — WASHINGTON—The Defense Credit Union Council is urging House lawmakers to preserve and expand several long-sought credit union reforms in the final version of the amended “21st Century Housing Act,”…
- Credit Union Trade Groups Brace For High-Stakes Week In Washington — WASHINGTON—America’s Credit Unions and the Defense Credit Union Council said Monday they are closely tracking a fast-moving week on Capitol Hill ahead of the Memorial Day recess, with stablecoin…
- Velera Payments Index Finds Consumers Still Spending Amid Inflation, Fuel Spike — TAMPA--Despite a sharp increase in gasoline prices, consumers kept spending in April, posting strong growth in debit and credit card transactions and purchases, according to the May edition of the…
- Top Democrats Probe SBA Handling Of Tariff-Driven Financing Struggles — WASHINGTON—The top Democrats on the Senate Finance and Senate Small Business committees are demanding answers from the Small Business Administration over what they said was a failure to help small…
- ACU Adds 50-State Crypto, Blockchain Compliance Resource For Credit Unions — WASHINGTON--High level overviews of state regulations of digital assets, cryptocurrency, and blockchain are now available on America's Credit Unions website following an all-state survey on the…
- Capital Corner: CFPB Strategic Plan a Good Start, But Just a Start — The Consumer Financial Protection Bureau’s (CFPB) strategic plan, released in April, outlines a set of laudable goals. At its core it articulates a new, and overdue, focus on preventing consumer…
- Mountain Credit Union Promotes Suzie Shook To CEO — WAYNESVILLE, N.C.—The $370-million Mountain Credit Union has promoted Suzie Shook to chief executive officer following the retirement of Amy Woody, who had led the credit union since September 2020.…
- Instant Payments No Longer Optional As Gen Z Pushes CUs, Banks Toward 24/7 Money Movement — NEW YORK--For credit unions and banks, instant payments are quickly moving from a nice-to-have feature to a competitive necessity, as younger consumers—especially Gen Z—show little patience for…
- New CISA-G7 Framework Aims To Expose Risks Hidden Inside AI Systems And Dependencies — WASHINGTON—The Cybersecurity and Infrastructure Security Agency and its G7 partners have released new joint guidance designed to improve transparency and security across artificial intelligence…
- Used Vehicle Values Slip In April As Spring Momentum Fades, Black Book Says — LAWRENCEVILLE, Ga.—Black Book reported its Used Vehicle Retention Index declined in April, signaling softening wholesale values as the spring market lost some momentum late in the month. The…
- NCUA Stablecoin Plan Opens Door To Credit Union-Backed Digital Dollar Issuers — ALEXANDRIA, Va.—A sweeping new NCUA proposal to implement the GENIUS Act could open the door for credit union-backed stablecoin issuance, but only through separately licensed subsidiaries operating…
- Michigan’s LOC CU, Advantage One CU Plan Merger Creating $750M Institution — FARMINGTON, Mich.—LOC Credit Union and Advantage One Credit Union here have announced plans to merge in a deal that would create a combined $750-million institution, pending approval by Advantage…
- Colorado Credit Unions Launch Hiring Effort After PNC Layoffs Hit FirstBank Employees — DENVER—The announcement by PNC Financial Services that it will eliminate nearly 1,000 jobs tied to its acquisition of FirstBank is drawing renewed criticism from Colorado credit unions, which said…
- ACU, Other Groups, Push FHA To Align Rules With Fannie, Freddie Standards — WASHINGTON--Aligning the Federal Housing Administration’s home loan program with government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac’s conventional financing standards would improve…
- Fed Faces Tough Questions Over Debit Interchange Cap In Corner Post Appeal — ST. LOUIS--The Eighth Circuit Court of Appeals heard oral arguments this week in Corner Post v. Board of Governors, a lawsuit on the Fed’s debit interchange cap. In 2025, the U.S. District Court for…
- Leadership Shift At St. Mary’s CU As Petkewich Takes CEO Role — MARLBOROUGH, Mass.—The $1-billion St. Mary's Credit Union has named longtime executive Jim Petkewich president and CEO as part of a broader leadership transition that comes as the credit union…
- NCUA Announces Proposed Rule for Permitted Payment Stablecoin Issuer Standards — Alexandria, VA (May 15, 2026) ― Today, the National Credit Union Administration (NCUA) announced a Notice of Proposed Rule Making outlining the operational and risk management standards for an…
- Advocacy in Action: The Credit Union Movement’s Strongest Argument Begins With Defense — There are some truths in Washington that become easier to see the farther one gets from Washington. On a military installation, in a town built around service, or in the fragile days when a family…
- CEO Update: Where Do We Go From Here? — Throughout our 63-year history, the Defense Credit Union Council continues to make a significant difference for the credit union industry. It is our strong mission identification, a solid foundation…
- Trellance Edge 26: Visa To Credit Unions—Consortium Strategy May Be Key To Competing In Stablecoin Era — DALLAS—Stablecoins are rapidly moving from the fringe of cryptocurrency into the center of global payments infrastructure, and credit unions risk falling behind unless they begin developing…
- Senate Panel Advances CLARITY Act As Stablecoin Yield Fight Intensifies — WASHINGTON—The Senate Banking Committee on Thursday advanced the long-debated CLARITY Act, approving the sweeping digital-assets market structure bill on a 15-9 vote after a contentious markup…
- EastRise CU Names Robert Miller As Next CEO — WILLISTON, Vt.—EastRise Credit Union has named Robert Miller as its next president and CEO, with Miller set to officially assume the role on June 8, according to ABC 22. The $3.2-billion credit…
- IMF Warns AI Cyber Threats Could Spark Systemic Financial Crisis — WASHINGTON—Artificial intelligence is rapidly reshaping cybersecurity risks facing the global financial system and now poses a potential systemic threat to banks, credit unions and other financial…
- Lawsuit Claims Bank Merger Misled Investors On Payout Reality — WASHINGTON--CHICAGO—A Chicago investment fund has filed a proposed class-action lawsuit accusing ServBanc Holdco, Servbank, IF Bancorp and IF Bancorp’s board of misleading shareholders into…
- Mortgage Rates Tick Lower As Purchase Demand Softens — MCLEAN, Va.--The 30-year fixed-rate mortgage moved lower this past week, averaging 6.36%, Freddie Mac reported. “Mortgage rates ticked down this week, averaging 6.36%,” said Sam Khater, Freddie…
- Appeals Court Backs Fed’s Power To Cut Off Bank Master Accounts — WASHINGTON—A federal appeals court has ruled the Federal Reserve has broad authority to deny or terminate master accounts for financial institutions, rejecting a Puerto Rico-based lender’s argument…
- Nacha Opens Comment Period On New ACH Rule Proposals — WASHINGTON--New proposals issued this week by Nacha, the organization governing automatic clearinghouse (ACH) payments, are now accepting comments, America’s Credit Unions reported, noting it is…
- Four Credit Union-Supported Bills Clear House Financial Services Committee — WASHINGTON--The House Financial Services Committee advanced four credit union-supported bills related to fighting fraud and AI innovation Wednesday, reported America’s Credit Unions, which noted it…
- Senate Rejects Effort To Restore CFPB Rules On Overdrafts, Medical Debt — WASHINGTON--Wednesday, the Senate rejected a series of Congressional Review Act resolutions that would have restored CFPB final rules issued under the previous administration dealing with overdraft…
- Edge 26: AI Deepfakes Are Making Human Trust The Weakest Cybersecurity Link, Experts Warn — DALLAS—Artificial intelligence is rapidly making cybercrime more convincing, more scalable and far more personal, according to cybersecurity experts speaking at the EDGE 26 Technology Conference…
- Millions Fall Into Student Loan Default As Credit Stress Deepens, Fed Finds — NEW YORK--Newly defaulted federal student loan borrowers are older, more geographically concentrated in the South and increasingly behind on other debts, according to a New York Fed analysis that…
- Hauptman Joins Leaders At Financial Literacy Roundtable — WASHINGTON--This week NCUA Chairman Kyle Hauptman participated in a financial literacy roundtable hosted by the U.S. Department of the Treasury and Office of the Comptroller of the Currency. The…
- DCUC Pushes Congress On AI Fraud, Crypto Parity Ahead Of Key Markups — WASHINGTON—The Defense Credit Union Council is pressing Congress to ensure credit unions are not left behind as lawmakers advance legislation tied to artificial intelligence, fraud prevention and…
- Senate Confirms Kevin Warsh As Next Federal Reserve Chair — WASHINGTON—The Senate on Wednesday confirmed Kevin Warsh as the next chair of the Federal Reserve, handing President Donald Trump a major economic policy victory as inflation concerns and pressure…
- Alloya Returns To Nashville for Its 12th Annual Leadership Symposium This September — NAPERVILLE, Ill.—Alloya Corporate Federal Credit Union said it will return to Nashville, Tenn., for its 12th annual Credit Union Leadership Symposium, scheduled for Sept. 9-11 at the Omni Nashville…
- CFPB Funding Fight Heads Back To Court As Trump Administration Files Appeal — WASHINGTON—The Trump Administration is appealing a California federal court order that required the CFPB to continue drawing operating funds from the Federal Reserve, escalating a legal battle over…
- AI ‘Mythos’ Tool Forces Banks Into Emergency Cybersecurity Fixes — NEW YORK—U.S. banks are scrambling to repair scores of information technology weaknesses uncovered by Anthropic’s powerful but costly Mythos artificial intelligence tool, triggering urgent software…
- FASB Roundtable Revives Debate Over CECL Burdens On Credit Unions, Community Banks — WASHINGTON--Several years after it implemented the current expected credit loss (CECL) accounting standard, the Financial Accounting Standards Board (FASB) conducted a roundtable Tuesday to review…
- DCUC Calls for Credit Union Parity in Final Digital Asset Legislation — WASHINGTON, DC – The Defense Credit Union Council (DCUC) sent a letter to the Senate Committee on Banking, Housing, and Urban Affairs expressing support for the Committee’s efforts to establish a…
- DCUC Welcomes TaVon Sneed as Executive Office Manager — WASHINGTON, DC – The Defense Credit Union Council (DCUC) is pleased to welcome TaVon Sneed as Executive Office Manager at DCUC Headquarters in Washington, D.C.“I’m really excited to join DCUC and…
- DCUC Highlights Credit Union Priorities Ahead of HFSC Markup — WASHINGTON, DC – The Defense Credit Union Council (DCUC) submitted official comments to the House Financial Services Committee (HFSC) outlining support for several measures ahead of the Committee’s…
- NCUA Chairman Joins Leaders at Financial Literacy Roundtable — Alexandria, VA (May 13, 2026) ― This week, National Credit Union Administration (NCUA) Chairman Kyle Hauptman participated in a financial literacy roundtable hosted by the U.S. Department of the…
- House Passes SMART Act, Sending CU Exam Relief Measure To Senate — WASHINGTON—The House has passed bipartisan legislation designed to ease examination requirements for certain credit unions, drawing praise from both America's Credit Unions and Defense Credit Union…
- Fed’s Bowman Pushes Repeal Or Exemption For CECL At Community Banks — WASHINGTON—Speaking during a Federal Reserve roundtable on the implementation of the Current Expected Credit Loss accounting standard Tuesday, Federal Reserve Vice Chair for Supervision Michelle…
- Federal Reserve Preparing Changes To Key Bank Supervisory Ratings Framework — WASHINGTON—Federal Reserve Vice Chair for Supervision Michelle Bowman said regulators are preparing changes to the CAMELS ratings system used to grade banks’ condition, saying the effort is part of…
- From Risk Into Readiness: An Inside Look At Vizo Financial’s 2026 Risk Management Conference — HERSHEY, Pa.—Credit union professionals and risk management experts gathered at The Hotel Hershey here April 22-24 for Vizo Financial’s 2026 Risk Management Conference, a multi-day event focused on…
- Senate Banking Unveils Digital Asset Bill Text Ahead Of High-Stakes Thursday Vote — WASHINGTON—The Senate Banking Committee has released the text of a digital asset market structure bill that will serve as the basis for Thursday’s markup of the CLARITY Act, the next major test for…
- CUES Leadership & Organizational Services Brings Tailored Strategic Solutions To The Industry — MADISON, Wis.—CUES has launched CUES Leadership & Organizational Services, a new advisory practice aimed at helping credit unions navigate operational, leadership and strategic challenges through…
- Senate Advances Kevin Warsh Toward Fed Chairmanship — WASHINGTON—The Senate on Tuesday confirmed Kevin Warsh to a 14-year term on the Federal Reserve Board of Governors, clearing the way for a final vote expected as soon as Wednesday to make him chair…
- Inflation Reaccelerates As CPI Jumps 0.6% In April — WASHINGTON—U.S. inflation accelerated sharply in April, with higher energy, housing and food costs pushing the Consumer Price Index higher and complicating expectations for potential Federal Reserve…
- OpenAI Counters Anthropic’s Mythos Platform With New Daybreak Defense Program — SAN FRANCISCO—OpenAI has launched a new cybersecurity initiative called Daybreak, saying the program is designed to help cyberdefense teams identify software vulnerabilities and respond to threats…
- Tri-CU Credit Union's Wadsworth Announces CEO Succession Plan As He Eyes Alaska Fishing Venture — KENNEWICK, Wash.—Doug Wadsworth, president and CEO of Tri-CU Credit Union, said he plans to retire from the $74-million credit union in early 2027, with current Vice President of Lending Trevor…
- John Crews Nominated To Lead NCUA — WASHINGTON — John Crews has been nominated by the Trump Administration to serve as chairman of the NCUA, marking a major leadership transition as the agency continues to operate with only one…
- ACU Supports NCUA Plan To Modernize Credit Union Records Rule — WASHINGTON—America’s Credit Unions is supporting NCUA’s proposed modernization of its records preservation rule, saying the changes would clarify that the regulation is focused on vital records…
- Rochester Man Routed Fraud Funds Through Credit Union Accounts In $2-Million Scheme — ROCHESTER, N.Y.—A Rochester man has pleaded guilty in a sprawling fraud case that prosecutors said involved moving hundreds of thousands of dollars in stolen credit-card funds through accounts at…
- Tennessee Becomes Second State To Ban Crypto ATMs — NASHVILLE, Tenn.— Tennessee has become the second state in the country to ban cryptocurrency ATMs, after Gov. Bill Lee signed legislation this month outlawing convertible virtual currency kiosks…
- Fed Survey Shows Banks Tighten Business Lending As Demand Stalls — WASHINGTON—Banks tightened lending standards for business loans in the first quarter while demand remained largely flat, according to the latest Federal Reserve Senior Loan Officer Opinion Survey, a…
- ACU Says OCC Actions Give IFPA Opponents ‘Another Bite At The Apple’ — CHICAGO—America’s Credit Unions said Monday the Seventh Circuit’s decision to vacate and remand the Illinois Interchange Fee Prohibition Act (IFPA) case back to U.S. District Judge Virginia Kendall…
- FinCEN Warns FIs On Iran’s Growing Use Of Stablecoins, Shell Companies — WASHINGTON—The Treasury Department’s Financial Crimes Enforcement Network issued a new alert warning financial institutions that Iran’s Islamic Revolutionary Guard Corps is increasingly using front…
- Credit Union Trades Push Congress For Parity In CLARITY Act Debate — WASHINGTON—Credit union trade groups said Monday Congress is entering a pivotal stretch for digital assets legislation and other financial services policy initiatives, with both America’s Credit…
- DCUC Supports NCUA Proposal To Modernize Records Preservation Regulations — ALEXANDRIA, Va.--The Defense Credit Union Council Monday filed a comment letter with NCUA supporting the recent proposal to simplify and modernize regulations governing records preservation…
- DCUC Presses Lawmakers On Military Banking Access, Financial Readiness — WASHINGTON--Monday the Defense Credit Union Council provided an official Statement for the Record ahead of the House Appropriations Committee, Subcommittee on Defense hearing on the Department of…
- DCUC Congratulates John Crews for NCUA Chairman Nomination — WASHINGTON, DC – The Defense Credit Union Council (DCUC) extends its congratulations to John Crews on his nomination to serve as Chairman of the National Credit Union Administration, succeeding Kyle…
- Jamie Dimon Warns Anthropic’s Mythos Represents ‘Very Heightened Risk’ To Financial System — NEW YORK—JPMorgan Chase CEO Jamie Dimon is warning that Anthropic’s Claude Mythos represents a “very heightened risk” for the financial system, even as major banks and regulators assess whether the…
- Ryan Grund To Succeed Longtime Cumberland County FCU CEO Scott Harriman — FALMOUTH, Maine—Cumberland County FCU has named longtime executive Ryan Grund as its next president and CEO, effective July 1, Mainebiz reported. Grund, who has served as chief financial officer…
- Fed Governor Warns Tokenization Could Reshape Finance—And Create New Risks — DAKAR, Senegal—Federal Reserve Governor Lisa Cook said tokenization could reshape global financial markets by improving cross-border payments, liquidity management and access to capital markets,…
- Coinbase Cuts 14% Of Workforce As Crypto Slump, AI Shift Reshape Operations — SAN FRANCISCO—Cryptocurrency exchange Coinbase is cutting approximately 14% of its workforce, or roughly 700 employees, as it restructures operations amid a prolonged slowdown in crypto trading…
- ECB Developing Countermeasures Against Potential Mythos-Driven Attacks — FRANKFURT, Germany—The European Central Bank is studying how to defend against potential cyberattacks powered by Anthropic’s AI model Mythos, even as European officials acknowledge they remain at a…
- Instant Payouts Are Winning—But One Big Gap Still Stands Between FIs And Wider Adoption — NEW YORK— Consumers overwhelmingly want instant payouts when they are offered, but a new PYMNTS Intelligence report suggests the bigger issue for financial institutions is no longer convincing…
- Senate Banking To Vote Thursday On Landmark Digital Assets Bill — WASHINGTON—The Senate Banking Committee will vote on the long-awaited CLARITY Act this Thursday, Committee Chairman Tim Scott (R-SC) announced Friday. The announcement marks a potentially major step…
- Appeals Court Resets Illinois Interchange Fee Battle As July 1 Deadline Nears — CHICAGO—The legal fight over the Illinois Interchange Fee Prohibition Act (IFPA) took another turn Friday after the Seventh Circuit Court of Appeals vacated a lower-court decision in the case and…
- U.S. Job Growth Tops Forecasts In April As Unemployment Holds At 4.3% — WASHINGTON—The U.S. labor market delivered a stronger-than-expected performance in April, with employers adding 115,000 jobs while the unemployment rate held steady at 4.3%, easing fears of a…
- ACU’s Latest Compliance 101 Focuses On FCRA, Identity Theft Rules And Adverse Action Notices — WASHINGTON--The latest entry in America’s Credit Unions’ Compliance 101 series examines key provisions of the Fair Credit Reporting Act in three parts. The series—available in the members-only…
- Credit Unions Take Fight Against Illinois Swipe-Fee Law To TV Ahead Of Court Showdown — CHICAGO--The credit union voice is at the center of a new ad in a statewide campaign opposing the Illinois Interchange Fee Prohibition Act (IFPA), America's Credit Unions noted. In the video, Frank…
- DCUC Applauds Seventh Circuit Decision on Illinois Interchange Case — The Defense Credit Union Council, DCUC, expresses its support of the United States Court of Appeals for the Seventh Circuit decision to remand the Illinois interchange case back to the district…
- Two Michigan CUs Plan To Merge, Form Nearly $1.2-Billion Institution — LANSING, Mich.—CASE Credit Union here and Team One CU, based in Saginaw, Mich., have announced a planned merger that would create a combined institution with nearly $1.2 billion in assets serving…
- Record Card, Personal Loan Originations Come With Rising Credit Stress — CHICAGO— New data from TransUnion show lenders kept pressing growth across key consumer credit products at the start of 2026, with bankcard and unsecured personal loan originations hitting record…
- Fintechs Gain Ground As ‘Soft Switching’ Reshapes Financial Relationships — TROY, Mich.—Competition for consumers’ financial relationships is accelerating—and increasingly shifting toward digital first players—as fintechs gain share across checking, savings and investment…
- Ahead Of Oral Arguments, Trade Groups Argue Federal Preemption Bars Illinois Interchange Ban — CHICAGO--Ahead of oral arguments scheduled next week in the ongoing legal fight over the Illinois Interchange Fee Prohibition Act (IFPA), America’s Credit Unions said it has filed a supplemental…
- Colorado Sends Swipe-Fee Bill To Governor, Setting Up Potential Replay Of Illinois Interchange Fight — DENVER—The Colorado House has approved legislation that would prohibit interchange fees from being charged on the sales-tax portion of card transactions, sending the measure to Gov. Jared Polis and…
- Mortgage Rates Tick Higher, But Freddie Mac Says Buyers Seeing Some Relief — MCLEAN, Va.--The 30-year fixed-rate mortgage averaged 6.37% this past week, Freddie Mac reported. “The 30-year fixed-rate mortgage averaged 6.37% this week,” said Sam Khater, Freddie Mac’s chief…
- FinCEN Updates CDD Guidance To Reflect Rollback Of Repeat Verification Requirements — WASHINGTON--Aligning with February’s Exceptive Order, the Financial Crimes Enforcement Network on Wednesday reissued its frequently asked questions on its Customer Due Diligence requirements,…
- America’s Credit Unions Pushes Back As Massachusetts Eyes IFPA-Like Interchange Restrictions — BOSTON--As Massachusetts considers a special commission to prohibit credit card issuers from collecting interchange fees on the tax/gratuity portion of a transaction in the state, actions are…
- DCUC and Cohost State Department FCU Conclude Successful Overseas Conference — WASHINGTON, D.C. – The Defense Credit Union Council (DCUC), and cohost State Department Federal Credit Union (SDFCU), recently concluded a successful Overseas Sub-Council Conference in Bangkok,…
- OnePay Launches Credit-Building Card Tied To Cash Account — NEW YORK—Consumer fintech OnePay has launched a new credit-building product designed to give consumers a simpler entry point into establishing credit, with the company unveiling a Builder Card tied…
- Citi Debuts AI Agents To Cut Manual Work, Speed Decision Making — NEW YORK— Citigroup has launched a new internal platform designed to deploy artificial intelligence agents across its operations, a move aimed at reducing manual work and accelerating…
- Blaze CU To Buy Claremont Branch Of Luminate Bank — MINNEAPOLIS, Minn.—The $4.8-billion Blaze Credit Union here has agreed to acquire the Claremont branch of Luminate Bank in a deal that will expand its footprint in southeast Minnesota and add…
- NCUA Conserves Jackson Area FCU — JACKSON, Miss.—NCUA Wednesday placed $162-million Jackson Area FCU here into conservatorship. The agency said it made the move because of unsafe and unsound practices at the credit union. The CU…
- Michael Bell Says OBL Case Against Interra Lacks Legal, Competitive Basis — COLUMBUS, Ohio—One of the legal architects behind most of the nation’s credit union-bank acquisitions is sharply criticizing the Ohio Bankers League’s attempt to block Interra Credit Union’s…
- Summit Choice Partners With InvestiFi To Keep Investing ‘In House’ — FORT WAYNE, Ind.—Summit Choice Credit Union said it has partnered with InvestiFi to allow members to invest directly from their checking accounts through the credit union’s existing digital banking…
- Vizo Financial, TCT Risk Solutions Form Partnership To Expand CU Risk Management Tools — GREENSBORO, N.C.—Vizo Financial and TCT Risk Solutions announced a strategic partnership aimed at expanding risk management capabilities for credit unions, combining Vizo Financial’s back-office…
- NCUA Announces Eleventh Round Of Deregulation Proposals — ALEXANDRIA, Va.--NCUA Wednesday announced the eleventh round of proposed regulatory changes associated with the agency's Deregulation Project. With Wednesday's announcement, NCUA is requesting…
- Banks Warn Crypto Rewards Language Still Threatens Deposits — WASHINGTON—Five banking trade groups are pushing back on proposed Senate language governing stablecoin interest and rewards payments, saying the draft “falls short” of its stated goal of preventing…
- Jackson Area Federal Credit Union Conserved — Alexandria, VA (May 6, 2026) ― The National Credit Union Administration (NCUA) today placed Jackson Area Federal Credit Union in Jackson, Mississippi into conservatorship. Member services will…
- New Visa-TikTok Card Targets Cash-Flow Pain For Creators — LONDON— Visa has partnered with TikTok to launch a new debit card for U.K.-based content creators, a move aimed at helping creators separate business and personal finances and gain faster access to…
- Wall Street Starts Building Stablecoin Plumbing As Morgan Stanley Launches Reserve Fund — NEW YORK--Even before the next phase of U.S. stablecoin regulation is fully in place, major Wall Street firms are moving to build the back-end infrastructure for the market, with Morgan Stanley…
- Ohio Bankers League Threatens Legal Fight Over Interra CU’s Hicksville Bank Deal — COLUMBUS, Ohio—The Ohio Bankers League is escalating its opposition to the proposed acquisition of $225-million The Hicksville Bank by $2-billion Interra Credit Union, warning it is prepared to…
- Student Choice Marks 18 Years With ‘Words Of Wisdom’ As Loan Changes Loom — WASHINGTON--CU Student Choice, the leading provider of education financing solutions for credit unions, marked its 18th anniversary on May 5 at a pivotal moment for the industry, with significant…
- DCUC Engages Armed Services Committees To Prioritize Financial Readiness In FY2027 NDAA — WASHINGTON--The Defense Credit Union Council on Tuesday directly engaged both the House and Senate Armed Services Committee leadership outlining bipartisan priorities for inclusion in the FY2027…
- White House Steps Up Effort To Limit Access To Anthropic’s Claude Mythos Over Security Risks — WASHINGTON—The White House is continuing to push back against Anthropic’s effort to expand access to Claude Mythos, the company’s powerful cybersecurity-focused AI model, amid growing concerns the…
- DOJ Seeks To Vacate Subpoena Ruling In Powell Probe — WASHINGTON—The Justice Department has asked a federal judge to vacate a prior ruling that blocked grand jury subpoenas issued in its investigation of Jerome Powell, marking the latest procedural…
- Cedar Point Federal Credit Union Selects Velera For Card Processing Support — TAMPA-- Velera announced it will provide Cedar Point Federal Credit Union with debit and credit card processing services and support. Based in Maryland, Cedar Point serves more than 47,000 members…
- Second Circuit Blocks Gas Stations’ Bid To Exit $5.6B Swipe-Fee Settlement — NEW YORK—A Second Circuit panel has refused to let a group of gas stations pursue separate antitrust claims against Visa and Mastercard over swipe fees, holding they remain bound by the earlier…
- California CUs Spotlight Affordability Message In Meeting With Vince Fong — BAKERSFIELD, Calif.--With Congress in recess the first week of May, California’s credit unions used the opportunity to connect with lawmakers at home, meeting Friday with Vince Fong at Valley Strong…
- New ACH Fraud Rules Put Fresh Pressure On CUs To Rethink Account Validation — LIVONIA, Mich.--As new ACH fraud-monitoring rules begin rolling out and credit-push fraud continues to climb, financial institutions are being warned that account validation can no longer be treated…
- Auto Originations Slip, But Delinquency Growth Shows Signs Of Cooling — CHICAGO— New data from TransUnion show auto loan demand remained under pressure heading into 2026, with originations slipping even as monthly payments and financed amounts continued climbing and…
- BIS Warns Dollar Stablecoins Could Threaten Financial Stability — BASEL, Switzerland— Dollar-backed stablecoins could become a source of broader financial instability if they continue to grow without tighter, coordinated oversight, with the Bank for International…
- Bank of America Settles Computer ‘Boot-Up Time’ Wage Suit — CHARLOTTE, N.C.— Bank of America will pay about $21,500 to resolve a Fair Labor Standards Act lawsuit accusing it of failing to pay hourly employees for time spent booting up and shutting down…
- Auto Credit Stress Is Spreading: New Data Shows Delinquencies Up In Almost Every State — MIAMI--Auto loan delinquency rose in every state but one between the third and fourth quarters of 2025, with some of the sharpest increases showing up in markets that still have relatively low…
- JD Power: Neobanks Gain Ground, But Credit Unions Still Hold A Key Edge — TROY, Mich.— Online-only banks and neobanks are continuing to chip away at traditional financial institutions’ customer bases by outperforming on personalization and digital convenience, but new…
- Western Union Enters Stablecoin Race With USDPT — DENVER—Western Union has launched USDPT, its own U.S. dollar-denominated payment stablecoin, moving the legacy money-transfer company deeper into digital assets as it looks to modernize cross-border…
- DCUC Urges Colorado House To Reconsider Swipe-Fee Bill After Senate Passage — DENVER—The Defense Credit Union Council is urging Colorado House lawmakers to reconsider SB26-134, warning the swipe-fee bill that cleared the Senate Friday could disrupt the payments system and…
- Senate Deal On Stablecoin Rewards Seen Clearing Path For CLARITY Act — WASHINGTON—Two Senate Banking Committee members have circulated compromise language on stablecoin interest and rewards, a move that appears to remove a major obstacle that had stalled Senate action…
- Community Bankers Warn Prediction Markets Could Trigger Bank Runs — WASHINGTON—The Independent Community Bankers of America is urging federal regulators to prohibit prediction market contracts that allow investors to bet on whether banks will fail, warning such…
- DCUC’s Defending Credit Union National Advocacy Fund Launches Targeted Campaign During ICBA Washington Summit — This week, the Defense Credit Union Council (DCUC), through its Defending Credit Unions National Advocacy Fund, launched of a targeted advocacy campaign during the ICBA Washington Summit. The effort…
- DCUC Raises Concerns with Colorado SB26-134 — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has submitted a letter to the Colorado House Finance Committee expressing strong concerns with SB26-134 and its potential impact on…
- TransUnion: U.S. Credit Market Splitting Into Clear Winners And Losers — CHICAGO— New research from TransUnion shows the U.S. credit market is splitting more sharply into winners and losers, with the strongest borrowers getting stronger while financially stressed…
- After Injunction Loss, Cal Coast Seeks Time As Merger Fight Recalibrates — SAN DIEGO—The legal dispute between San Diego County Credit Union and California Coast Credit Union is entering a new phase following a court ruling that dealt a significant blow to Cal Coast in the…
- Long Exits GECU After Tenure Marked By Expansion, Industry Recognition — EL PASO, Texas—GECU said President and CEO Crystal Long retired on April 30, concluding a tenure that helped grow the institution into one of the largest credit unions in the region, the CU…
- Colorado Swipe-Fee Bill Clears Senate Again, Heads To House — DENVER—Colorado’s swipe-fee legislation is now headed to the House after clearing the Senate a second time Friday, resolving earlier uncertainty tied to a motion to reconsider. As previously…
- Post ICBA Fly-In, ACU Tells Congress: Don’t Let Bank Criticism Overshadow Member Impact — WASHINGTON—Following this week’s ICBA Washington Summit, America’s Credit Unions moved Friday to reinforce its message on Capitol Hill, with Chief Advocacy Officer Kathleen Coulombe sending a memo…
- Mythos Model Raises Stakes As Fed Rethinks Risk, Vendor Oversight — WASHINGTON—Michelle Bowman said the rapid emergence of artificial intelligence—particularly tools capable of identifying cyber vulnerabilities—is forcing regulators to rethink how financial…
- DCUC Opposes Puerto Rico H1216, Warns Of Harm To Consumers, Small Businesses — WASHINGTON--The Defense Credit Union Council Friday sent a letter to leaders of the Puerto Rico House expressing strong concerns over H1216 and its potential impact on consumers, small businesses,…
- FCC Targets Voice Providers With New ‘Know Your Customer’ Rules — WASHINGTON--The FCC has voted unanimously to move ahead with stronger “know your customer” rules for voice service providers, a step aimed at stopping illegal robocalls before they enter the phone…
- ACU Calls For Full Political Engagement As Election Cycle Heats Up, Warns Of Well-Funded Opposition — WASHINGTON--Credit unions need every advocacy resource at their disposal, and in an election year, that means supporting credit union champions, America’s Credit Unions emphasized. ACU President/CEO…
- Leagues, America’s Credit Unions Urge FTC To Rescind Guidance They Say Undermines Clarity In Lending Rules — WASHINGTON—Credit unions are urging the Federal Trade Commission to rescind a policy statement they say is creating confusion and potential harm for lenders. In a letter sent Thursday, the American…
- DCUC Advances Support for VA Home Loans, Credit Union Support to Veterans — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has submitted an official Statement for the Record to the Senate Appropriations Subcommittee on Military Construction, Veterans Affairs, and…
- DCUC Supports Expansion of Credit Union Lending to Boost Veteran Entrepreneurship — WASHINGTON, DC – The Defense Credit Union Council (DCUC) submitted a letter to leaders of the Senate Committee on Small Business & Entrepreneurship ahead of its hearing, “American Entrepreneurship…