Credit Union News — June 2026
Credit union industry reporting published in June 2026.
- Judge Rules FDIC Sole Owner Of Silicon Valley Bank’s $73 Million Recovery Claim — WASHINGTON—The Federal Deposit Insurance Corp., acting as receiver for the failed Silicon Valley Bank, is the sole owner of the bank’s claim for insurance coverage tied to a $73 million fraud scheme…
- Lebanon FCU Promotes Matt Gehman To CEO — LEBANON, Pa.—The $538-million Lebanon Federal Credit Union has named Matt Gehman as its new president and CEO, LebTown reported. Gehman most recently served as executive vice president, where he…
- CenturyFirst FCU Plans Merger With Water's Edge FCU — HATTIESBURG, Miss.—The $142-million CenturyFirst Federal Credit Union here has agreed to merge with $5.1-million Water's Edge FCU, with members of the Biloxi, Miss.-based credit union scheduled to…
- Wells Fargo Must Face Former Manager’s Retaliation Claims — CHARLOTTE, N.C.—Wells Fargo must face trial in a disability discrimination and retaliation lawsuit brought by a former finance manager after a federal judge in North Carolina denied the bank’s…
- ACU Endorses Anti-Fraud, Credit Access Measures In House Markup — WASHINGTON--The House Financial Services Committee began marking up a series of bills Tuesday, including several that would provide credit unions with resources to combat fraud and update fraud…
- House Conservatives Block Rule, Delaying NDAA Floor Debate — WASHINGTON—A bloc of conservative House Republicans on Tuesday derailed Speaker Mike Johnson's effort to advance the fiscal 2027 National Defense Authorization Act (NDAA), defeating a procedural…
- CUES And TruStage Announce Inaugural 2026 Leadership Pathways Cohort — MADISON, Wis.—CUES and TruStage Tuesday announced the 25 credit union professionals selected for the inaugural CUES x TruStage Leadership Pathways cohort, a year-long leadership development…
- Johnson Sends 21st Century ROAD To Housing Act To White House — WASHINGTON--Speaker of the House Mike Johnson (R-LA) officially transmitted the 21st Century ROAD to Housing Act to the White House Monday, America's Credit Unions reported. This gives President…
- America's Credit Unions Pushes CTR, MBL Amendments As NDAA Fight Begins — WASHINGTON--The amendments process is underway for the House FY27 National Defense Authorization Act, and America’s Credit Unions wrote to the House Rules Committee Monday to urge inclusion of two…
- Velera's Lotz: AI Should Scale Relationship Quality, Not Eliminate Human Touch — TAMPA, Fla.--Credit unions should view agentic artificial intelligence as a tool for strengthening member relationships—not simply cutting costs or replacing employees—according to executives…
- Mississippi Tops Nation in Debt Delinquencies, WalletHub Finds — MIAMI—Mississippi had the highest rate of debt delinquencies in the nation during the first quarter of 2026, according to a new analysis from WalletHub that found Southern states dominate the…
- Treasury Releases Long-Delayed CDFI Funds Before Sept. 30 Expiration — WASHINGTON—The Treasury Department has opened the application process for the remaining congressionally authorized funding under its Community Development Financial Institutions (CDFI) Fund, giving…
- DCUC Presses Congress on NDAA, CFPB Advisory Council, Veteran Business Lending — WASHINGTON—The Defense Credit Union Council is urging House leaders to keep the FY2027 National Defense Authorization Act focused on military readiness by rejecting interchange and payment-routing…
- Housing Bill, NDAA Top Credit Union Agenda In Shortened Week On Capitol Hill — WASHINGTON—With Congress heading into a shortened legislative week ahead of the Fourth of July recess, the nation's two largest credit union trade groups are pressing lawmakers to advance a series…
- NCUA Awards $3.47 Million Through Expanded CDRLF Grants — ALEXANDRIA, Va.--NCUA has awarded $3.47 million in Community Development Revolving Loan Fund grants to 97 low-income designated credit unions, the agency announced Monday. NCUA awarded grants…
- Supreme Court Hands Trump FTC Firing Power, Casting Shadow Over NCUA Case — WASHINGTON—In a landmark ruling that could reshape the independence of federal regulatory agencies, the U.S. Supreme Court ruled Monday that President Trump has the constitutional authority to…
- DCUC’s Defending Credit Union National Advocacy Fund Launches Targeted Ad Campaign — WASHINGTON--On Friday, the Defense Credit Union Council, through its Defending Credit Unions National Advocacy Fund, launched a targeted digital advertising campaign thanking Senator Pete Ricketts…
- ACU Unveils 'Once Upon An American Dream' Advocacy Campaign — WASHINGTON— America’s Credit Unions Monday launched "Once Upon an American Dream," a national policymaker influence campaign targeting federal policymakers with a sustained message on the economic…
- ACU: FHFA's Duty To Serve Overhaul Could Expand Credit Union Lending — WASHINGTON--The Federal Housing Finance Agency (FHFA) has issued a proposed rule to rescind and replace Duty to Serve (DTS) regulations for Fannie Mae and Freddie Mac. Currently, the DTS regulations…
- DCUC Prompts House Committee for Action on Veteran Small Business Lending, America’s 250th — WASHINGTON, DC – In advance of the House Committee on Small Business' July 1 hearing, "250 Years of American Legacy: Small Businesses and the American Dream," the Defense Credit Union Council (DCUC)…
- House Subcommittee Urged to Protect Credit Union Voice, Community Development Funding — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) wrote to House Appropriations Subcommittee on Financial Services and General Government Chairman Dave Joyce and Ranking Member Steny…
- DCUC Letter Calls for Military Financial Readiness Priorities in FY2027 NDAA — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) sent a letter to House leadership and Members ahead of floor consideration of the FY2027 National Defense Authorization Act (H.R.…
- MSUFCU Scores Landmark 10-Year Jersey Patch Deal With Michigan State Athletics — EAST LANSING, Mich.—Michigan State University has signed a 10-year sponsorship agreement with MSU Federal Credit Union that will place the credit union's logo on the uniforms of all 23 varsity…
- Spoofed Fraud Call Nearly Costs Credit Union Member Thousands — PITTSBURGH—A credit union member narrowly avoided losing thousands of dollars after fraudsters posing as employees of Clearview Federal Credit Union used caller ID spoofing, account information and…
- Illinois Establishes Regulatory Framework For Buy Now, Pay Later Lenders — SPRINGFIELD, Ill.—Illinois has become one of the first states to adopt a comprehensive regulatory framework for the rapidly expanding buy now, pay later (BNPL) industry after Gov. JB Pritzker signed…
- Cal Coast, SDCCU Call Off Merger After Months Of Legal Battle — SAN DIEGO—The proposed merger between California Coast Credit Union and San Diego County Credit Union has apparently come to an end, with Cal Coast confirming Friday that the two institutions have…
- Bowman Says More Fed Regulatory, Supervisory Changes Coming Soon — WASHINGTON—Federal Reserve Vice Chair for Supervision Michelle Bowman said additional changes to the central bank's supervisory and regulatory framework are imminent, including a reorganization of…
- FHA Posts Implementation Guide For New Residential Appraisal Reporting Standard — WASHINGTON—The Federal Housing Administration has released a new implementation guide to help lenders, appraisers and technology providers prepare for the agency's transition to the Uniform…
- SF Fire Credit Union Names Robert Kassab President/CEO — SAN FRANCISCO—SF Fire Credit Union has named Robert Kassab president and CEO after he served as interim CEO, the $1.6-billion credit union announced. Kassab joined the 72,000-member credit union in…
- FDIC Proposes Easing Resolution Rules, Cutting Deposit Insurance Assessments By $4 Billion — WASHINGTON—The FDIC has proposed sweeping changes that would significantly reduce regulatory requirements for large banks while cutting the banking industry's annual deposit insurance assessment…
- NCUA, CFPB Finalize Financial Data Rule; No Immediate Changes For Credit Unions — WASHINGTON--The NCUA, CFPB, and other banking agencies issued a final joint rule that establishes technical standards for data submitted to certain financial regulatory agencies, America's Credit…
- Credit Unions Back Tougher FCC Rules To Crack Down On Scam Calls — WASHINGTON--In a comment letter to the Federal Communications Commission (FCC), America’s Credit Unions, the Defense Credit Union Council, and other trade associations offered support for a proposal…
- Johnson Sends Housing Bill To Trump, Starts 10-Day Clock — WASHINGTON—House Speaker Mike Johnson on Thursday said the bipartisan 21st Century ROAD to Housing Act will be sent to President Donald Trump, starting the Constitution's 10-day review period…
- CommunityAmerica Lands Long-Term Naming Rights To Arkansas' Razorback Stadium — FAYETTEVILLE, Ark.—The University of Arkansas has reached a long-term agreement with CommunityAmerica Credit Union to secure the naming rights to Razorback Stadium, ending a two-year search for a…
- Credit Card Debt Climbs As WalletHub Identifies Cities Carrying The Largest Balances — MIAMI--With U.S. credit card debt standing at $1.35 trillion and projected to rise by another $100 billion this year, a new WalletHub analysis found that several affluent California communities and…
- CFPB Overhauls Complaint Portal After Credit Reporting Cases Surge 3,700% — WASHINGTON— The Consumer Financial Protection Bureau said it is overhauling its consumer complaint portal after a surge in credit reporting complaints overwhelmed the system and exposed weaknesses…
- DCUC Urges FY2027 NDAA Inclusion Of CLF Enhancement, AFFORD Act To Strengthen Military Financial Readiness — WASHINGTON—This week, the Defense Credit Union Council engaged Senate Armed Services Committee leaders and key Senate offices to express strong support for two bipartisan policy priorities for…
- Punchbowl’s Anna Palmer, Jake Sherman To Headline Congressional Caucus — WASHINGTON — Co-founders of Punchbowl News, Anna Palmer and Jake Sherman, lead the keynote speaker lineup for Congressional Caucus 2026, America's Credit Unions announced. As two of the most trusted…
- Crews Shares Vision For NCUA, Refuses To Enter Board Battle — WASHINGTON—NCUA nominee John Crews used his Senate Banking Committee confirmation hearing Thursday to lay out an agenda centered on reducing regulatory burden for smaller credit unions, encouraging…
- Hauptman Leads America250 Celebration at NCUA Headquarters — Kyle Hauptman raises the flag at NCUA headquarters. ALEXANDRIA, Va.—The National Credit Union Administration marked the upcoming 250th anniversary of American independence by holding an America250…
- Mortgage Rates Hold Near 6.5%, Refinance Activity Continues To Climb — MCLEAN, Va.—The average rate on a 30-year fixed-rate mortgage remained relatively steady this week, edging up to 6.49% from 6.47% a week earlier, according to Freddie Mac's latest Primary Mortgage…
- Mortgage Application Payments Increased In May — WASHINGTON—Homebuyer affordability weakened in May as rising mortgage rates and larger loan amounts pushed the typical monthly mortgage payment higher, according to new data from the Mortgage…
- DCUC Urges Inclusion of AFFORD Act in FY2027 NDAA — WASHINGTON, DC – The Defense Credit Union Council (DCUC) is calling for the inclusion of the Access to Fair Financing for Opportunity and Resilient Development (AFFORD) Act, in the Fiscal Year 2027…
- DCUC Supports Padilla-Cramer CLF Amendment in FY2027 NDAA — WASHINGTON, DC – This week, the Defense Credit Union Council (DCUC) is urging the Senate Armed Services Committee to support a bipartisan amendment led by Senators Alex Padilla (D-CA) and Kevin…
- NCUA Raises America 250 Flag to Commemorate the Nation's 250th Anniversary — Alexandria, VA (June 25, 2026) ― The National Credit Union Administration (NCUA) proudly joins communities and organizations across the nation in celebrating the upcoming 250th anniversary of…
- Navy Federal, Keys FCU Named Navy's Distinguished Credit Unions Of The Year — WASHINGTON--Navy Federal Credit Union (Joint Expeditionary Base Little Creek-Fort Story) and Keys Federal Credit Union (Naval Air Station Key West) have been selected by the Department of the Navy…
- Fed: All 32 Big Banks Pass 2026 Stress Test — WASHINGTON—The nation's largest banks remain well positioned to withstand a severe economic downturn, with all 32 institutions tested by the Federal Reserve maintaining capital levels above…
- Five Eyes Warns Organizations: AI Cyber Threats Are Months Away, Not Years — WASHINGTON—Credit unions and other financial institutions have only a narrow window to prepare for a new generation of artificial intelligence-powered cyber threats, according to a joint warning…
- 29 Credit Union Professionals Graduate From Southeast Management School — ATHENS Ga. — The Southeastern Regional Credit Union School (SRCUS) has announced that 29 credit union professionals graduated from its Southeast Management School on June 19, completing the school's…
- America’s Credit Unions PAC Sees 28 Credit Union Champions Advance To November General Election — WASHINGTON, D.C. — In primary elections across Utah, Maryland, and New York, 28 Congressional candidates backed by America’s Credit Unions PAC won their party nomination and advanced to November’s…
- Vizo Financial Members Elect Three Directors At Annual Meeting — GREENSBORO, N.C.—Vizo Financial Corporate Credit Union announced the results of its 2026 board of directors election during its annual meeting held June 17. The virtual meeting brought together…
- DCUC Pushes Senate To Restore Key Emergency Liquidity Tool For Credit Unions — WASHINGTON—The Defense Credit Union Council is urging the Senate to include long-sought reforms to the National Credit Union Administration's Central Liquidity Facility in the Fiscal Year 2027…
- Trump Cancels Housing Act Signing — WASHINGTON—President Donald Trump unexpectedly postponed a scheduled signing ceremony for the bipartisan 21st Century ROAD to Housing Act on Wednesday, tying the measure's fate to congressional…
- In Likely Farewell, Hauptman Touts Deregulation While NCUA Reports 3 CU Failures That Will Lower Equity Ratio — ALEXANDRIA, Va.— Three credit union failures cost the NCUA Share Insurance Fund $5.7 million during the first quarter, contributing to higher insurance-loss reserves and a projected decline in the…
- Anthropic AI Finds Flaws In Classified U.S. Systems Within Hours — WASHINGTON--Anthropic’s AI model Mythos identified vulnerabilities in highly sensitive U.S. government computer systems during a classified testing exercise conducted with intelligence agencies,…
- DCUC Congratulates Navy Federal and Keys Federal Credit Union - 2025 Navy Distinguished Credit Union of the Year — WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) is pleased to announce Navy Federal Credit Union (Joint Expeditionary Base Little Creek-Fort Story) and Keys Federal Credit Union (Naval…
- NCUA Board Briefed on Regulatory Updates, the Share Insurance Fund, and the Mid-Year Budget — ALEXANDRIA, VA (June 24, 2026) – The National Credit Union Administration (NCUA) held a Board meeting today during which it was briefed on NCUA’s ongoing regulatory activities, the Share Insurance…
- Housing Bill Heads To Trump; Credit Union Board Reform Set To Become Law — WASHINGTON—Congress has cleared the 21st Century ROAD to Housing Act for President Trump's signature, delivering a bipartisan housing package that expands homeownership initiatives while also…
- Class Action Targets Robinhood, Alleges Unlicensed Gambling Scheme — SACRAMENTO, Calif.—Robinhood is facing a proposed class action in California federal court that alleges the online brokerage illegally operates a sports betting platform by marketing event contracts…
- MBA: Housing Demand Slowdown Could Reshape Mortgage Market — WASHINGTON, D.C.—A new white paper from the Mortgage Bankers Association warns that demographic shifts and changing housing market conditions could significantly slow U.S. housing demand growth over…
- OpenAI Expands Cybersecurity Reach, Allows Partners To Embed GPT-5.5 — NEW YORK--OpenAI is broadening access to its most advanced cybersecurity AI tools, allowing 30 security vendors and service providers to integrate GPT-5.5 into customer-facing products and services…
- Who Owns the Conversation? New Report Says AI Is Rewriting Banking — NEW YORK--As artificial intelligence increasingly becomes the primary interface through which consumers manage their financial lives, credit unions and other financial institutions face a growing…
- DCUC This Week Launches Full-Court Press On Capitol Hill, Treasury And NCUA — WASHINGTON--The Defense Credit Union Council is weighing in on a series of congressional hearings, nominations and policy debates this week, urging lawmakers and federal agencies to prioritize…
- Arizona Enacts Credit Union Modernization Law — PHOENIX—Arizona Gov. Katie Hobbs has signed HB 2979 into law, a measure designed to modernize the state's credit union charter and expand operating flexibility for Arizona state-chartered credit…
- Corporate Central Partners With Advanced Fraud Solutions To Deliver ACH Fraud Scanning Through Beastro — MILWAUKEE – Corporate Central ow offers ACH Fraud Scanning through a partnership with Advanced Fraud Solutions (AFS), the corporate announced. The service is available to member credit unions within…
- Hawaii Central FCU Names Gary Nakata President — HONOLULU—Hawaii Central Federal Credit Union has named Gary Nakata as its president. Nakata joined the $300-million Hawaii Central FCU in 2019 as controller and was later promoted to executive vice…
- America’s Credit Unions Backs NCUA Deregulation, Opposes Incentives for Bank Conversions — WASHINGTON--Responding to the NCUA’s proposal to amend regulations regarding mergers and conversions of federally insured credit unions to banks, America’s Credit Unions’ comment letter opposes…
- DCUC Applauds Congress Passage of 21st Century ROAD to Housing Act — WASHINGTON, DC – The Defense Credit Union Council (DCUC) applauds Congress for the bipartisan passage of the 21st Century ROAD to Housing Act, a comprehensive package aimed at increasing housing…
- DCUC Raises Concerns on Payments Policy Ahead of HFSC Hearing — WASHINGTON, DC – The Defense Credit Union Council (DCUC) submitted a letter to House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters ahead of the June 24 hearing,…
- DCUC Brings Credit Union Priorities Before Senate Banking Affordability Hearing — WASHINGTON, DC – Ahead of the Senate Banking, Housing, and Urban Affairs Committee hearing, "The Affordability Agenda: Addressing the Cost-of-Living Crisis Facing American Families," the Defense…
- DCUC Raises Credit Union Concerns Over CDFI Award Delays — Urges Treasury Action on Timeliness and Transparency WASHINGTON, DC – Today, Defense Credit Union Council (DCUC) President & CEO Anthony Hernandez, Ret. U.S. Air Force Colonel wrote to Treasury…
- DCUC Engages Senate Armed Services Committee on Hurst Nomination — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has provided Senate Armed Services Committee leaders with official comments ahead of the confirmation hearing for Jules W. Hurst III, nominee…
- DCUC Shares Regulatory Priorities with Senate Banking Ahead of NCUA Board Confirmation — WASHINGTON, DC – On Monday, the Defense Credit Union Council (DCUC) provided official comments to Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott and Ranking Member Elizabeth…
- Senate Passes Housing Bill With Credit Union Board Reform — WASHINGTON—By a vote of 85-5, the Senate has passed the bipartisan 21st Century ROAD to Housing Act, advancing legislation that includes the Credit Union Board Modernization Act, a long-sought…
- Former Citi Risk Executive Alleges She Was Fired After Raising AML Concerns — NEW YORK—Citigroup is facing a whistleblower lawsuit from a former senior risk management executive who alleges the bank terminated her employment after she raised concerns about risk-management…
- Visa, Mastercard Seek Dismissal Of New Merchant Swipe-Fee Lawsuit — NEW YORK—Visa and Mastercard are asking a federal judge in New York to dismiss a newly filed proposed class-action lawsuit by merchants, arguing the claims are barred by the future-claims release…
- Lender Groups Sue To Block Oregon Rate Cap — WASHINGTON—Three financial-services trade groups have sued to block Oregon's new law limiting the ability of out-of-state state-chartered banks to charge interest rates above Oregon's 36% cap,…
- DCUC Announces 2026 Hall Of Honor Inductees — WASHINGTON—The Defense Credit Union Council has named three credit union leaders to its Hall of Honor, recognizing their contributions to the credit union movement and service to military and…
- Credit Unions Score First Court Win In Growing Fiserv Fight — LOS ANGELES— A federal judge has refused to dismiss a lawsuit brought by $73-million POLAM FCU against core processor Fiserv, allowing the credit union to move forward with claims that the company…
- FDIC Weighs Letting Banks Count Discount Window Capacity Toward Liquidity Buffers — WASHINGTON—Federal Deposit Insurance Corp. Chairman Travis Hill said the agency is exploring whether banks should be allowed to count some of their borrowing capacity at the Federal Reserve's…
- ACU: Supreme Court Ruling Could Reshape Independence Of Federal Agencies — WASHINGTON—The U.S. Supreme Court could issue its long-awaited decision in Trump v. Slaughter as early as this week, a ruling that credit union advocates and financial regulators are closely…
- Crews Nomination, Payments Policy Top Credit Union Agenda This Week — WASHINGTON—Credit union advocates are heading into a busy week on Capitol Hill focused on affordability, payments policy, NCUA leadership and regulatory relief, with both America’s Credit Unions and…
- BofA, Deutsche Bank Now Expect Fed Rate Hikes In 2026 — CHARLOTTE, N.C.—Two major Wall Street firms have reversed course and now expect the Federal Reserve to raise interest rates this year, citing a stronger-than-expected economy and a more hawkish…
- DCUC Comments on NCUA Proposed Rule Governing Credit Union-to-Bank Mergers — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) submitted a comment letter to the National Credit Union Administration (NCUA) in response to the agency's proposed rule amending…
- DCUC Urges NCUA to Streamline Credit Union Data Collection, Reduce Unnecessary Reporting Burdens — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) submitted a comment letter to the National Credit Union Administration (NCUA) in response to the agency's Request for Information…
- Trailhead CU Teller Helps Police Capture Alleged Robber Within Hour — PORTLAND, Ore.—Quick thinking by a teller at Trailhead Credit Union here helped police quickly track down and arrest a suspected robber Wednesday after she slipped a GPS tracking device into more…
- Treasury Department FCU Names Moreland President, CEO — WASHINGTON—Treasury Department Federal Credit Union has named Nicholas Moreland president and CEO, effective June 12, following less than a year as the credit union’s chief operations officer.…
- Senate Sets June 25 Hearing For NCUA Nominee John Crews — WASHINGTON--The Senate Banking Committee has scheduled a June 25 confirmation hearing for John Crews, President Trump's nominee to serve on the National Credit Union Administration board, setting in…
- Velera: Inflation Reshapes Spending Habits As Generational Payment Divide Widens — TAMPA--Despite persistent inflation, elevated gasoline prices and weakening consumer sentiment, Americans continue to spend, but significant generational differences are emerging in how they pay and…
- Bratsakis Selected To Lead League Of Credit Unions & Affiliates — TALLAHASSEE, Fla.—The League of Credit Unions & Affiliates has named John Bratsakis as its next chief executive officer, selecting the longtime credit union executive following a national search…
- Mortgage Rates Ease Again As 30-Year Average Falls To 6.47% — MCLEAN, Va.—Mortgage rates moved lower for the second consecutive week, with the average 30-year fixed-rate mortgage declining to 6.47%, according to Freddie Mac. The 30-year fixed-rate mortgage…
- NCUA, Other Regulators Propose AML Identity Rules For Stablecoin Issuers — WASHINGTON—Federal regulators have proposed new customer identification requirements for payment stablecoin issuers, marking another step in implementing the GENIUS Act and bringing the emerging…
- ACU Backs Bipartisan Housing Deal, Urges Congress To Expand CU Parity — WASHINGTON--As the Senate prepares to pass bipartisan housing legislation with several credit union-supported provisions, America’s Credit Unions urged the chamber to advance the measure and…
- Chad Bridges Fired As Jackson Area FCU Scandal Expands — JACKSON, Miss.—The fallout from the alleged $95-million fraud at Jackson Area Federal Credit Union intensified this week after Chad Bridges, the Mississippi Insurance Department executive named in…
- Agencies Request Comment on Customer Identification Program Requirements for Permitted Payment Stablecoin Issuers — Alexandria, VA (June 18, 2026) ― The Financial Crimes Enforcement Network (FinCEN), jointly together with the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the…
- New Report Finds Banks, Credit Unions Merging To Fund Tech Investments — MEMPHIS, Tenn.—A new report from SRM suggests the current wave of bank and credit union mergers is being driven less by financial distress and more by the growing need for scale to support…
- Robinhood To Cut 10% of Workforce, Cites Efficiency—Not AI — MENLO PARK, Calif.—Robinhood Markets is eliminating approximately 10% of its full-time workforce, or about 290 positions, as part of a restructuring aimed at flattening management layers and…
- NCUA Rule Lets Credit Unions Ditch Decades Of Old Member Records — KENNEWICK, Wash.—For years, small credit union leaders have walked past stacks of boxes in basements, attics or backrooms, or paid monthly fees for offsite storage units filled with member account…
- Warsh Chairs First FOMC Meeting As Fed Holds Rates Steady — WASHINGTON—The Federal Reserve left interest rates unchanged Wednesday in the first Federal Open Market Committee meeting chaired by Kevin Warsh, maintaining the target range for the federal funds…
- NCUA Releases Agenda For Potentially Final Hauptman-Led Board Meeting — ALEXANDRIA, Va.—The NCUA has released the agenda for its June 24 open board meeting, which will include briefings on regulatory updates, the National Credit Union Share Insurance Fund's…
- NCUA: More Than Half Of Credit Unions Lost Members Despite Growth In Assets, Deposits — ALEXANDRIA, Va.—Credit unions posted stronger asset, deposit and loan growth during the first quarter of 2026, but the industry's membership challenges persisted, with more than half of federally…
- America’s Credit Unions PAC Sees 5 CU Champions Advance To November General Election — WASHINGTON, D.C. — In primary elections across three states Tuesday, five Congressional candidates backed by America’s Credit Unions PAC won their party nomination and advanced to November’s General…
- Velera’s 2026 Credit Union Growth Outlook Reveals Untapped Opportunity For CUs To Grow SMB Relationships — TAMPA, Fla.—Credit unions have a significant opportunity to expand relationships with small and medium-sized businesses, but many are failing to keep pace as business needs become more…
- America’s Credit Unions Highlights New NCUA Rule Allowing Dependent Care Reimbursement — WASHINGTON--Analyzing NCUA’s recently finalized rule on dependent care reimbursement, a new Final Regulation Summary is now available from America’s Credit Unions. The new rule is the result of more…
- NCUA Board to Hold Meeting on June 24 — Alexandria, VA (June 17,2026) ― The National Credit Union Administration Board will hold a meeting on Wednesday, June 24 starting at 10 a.m. Eastern. Items on the agenda include briefings on: All…
- NCUA Releases Q1 2026 State-level Credit Union Data Report — Alexandria, VA (June 17, 2026) ― The National Credit Union Administration (NCUA) today released its first quarter state-level credit union data report for 2026. Report findings indicate that for…
- United Solutions Company Announces Inaugural XP2 Educational Conference — TALLAHASSEE, Fla.– United Solutions Company, a leading provider of technology and strategic solutions for credit unions, will host its inaugural XP2 Educational Conference June 24–26, 2026, in…
- GAO Presses FDIC On Examiner Rotation, Crypto Oversight — WASHINGTON—The U.S. Government Accountability Office is urging the Federal Deposit Insurance Corp. to address two longstanding supervisory concerns: requiring greater rotation of bank examiners and…
- Klarna Seeks Arbitration In Lawsuit Alleging BNPL Loans Target Vulnerable Borrowers — CHICAGO—Klarna is seeking to force into arbitration a proposed class action alleging its buy now, pay later service targets financially vulnerable consumers while failing to screen out unaffordable…
- Bank Of America CEO Says AI's Biggest Challenge Isn't Technology—It's Data Quality — CHARLOTTE, N.C.— Bank of America CEO Brian Moynihan said the biggest obstacle to successfully deploying artificial intelligence at scale is ensuring the underlying data is accurate, telling American…
- AI-Powered Bank Runs Could Unfold In Seconds, Lawmaker Warns — WASHINGTON—Rep. Bill Foster (D-IL) is warning federal banking regulators that the rapid emergence of agentic artificial intelligence could dramatically accelerate future bank runs, turning crises…
- French Hill Drops Opposition, Clearing Path For Housing Bill — WASHINGTON— Congressional leaders in the House and Senate have reached a final agreement on a bicameral housing deregulation package after months of negotiations, according to a report from…
- DCUC: Healthcare, Housing, Pay Provisions In Senate NDAA Could Benefit Military Credit Union Members — WASHINGTON—The Senate Armed Services Committee's version of the FY2027 National Defense Authorization Act contains none of the institutional priorities sought by defense credit unions, but the…
- Fallout Grows In Jackson Area FCU Scandal; Insurance Department Executive Removed From Duties — JACKSON, Miss.—The fallout from the NCUA's $95-million fraud lawsuit against former Jackson Area Federal Credit Union CEO Leigh Bridges widened Monday after the Mississippi Department of Insurance…
- Lutnick Says Anthropic AI Models Posed Foreign Military Risk — WASHINGTON—U.S. Commerce Secretary Howard Lutnick ordered Anthropic to halt global access to its newest Fable 5 and Mythos 5 artificial intelligence models because the Trump Administration feared…
- Fiserv CEO Lyons To Lead Truist; Georgakopoulos Named Successor — BROOKFIELD, Wis.—Payments and financial technology giant Fiserv announced a leadership change Monday as CEO Mike Lyons departed to become president and chief executive officer of Truist Financial,…
- DCUC Applauds House and Senate Agreement on Housing Reform Bill — WASHINGTON, DC – The Defense Credit Union Council (DCUC) applauds the House and Senate for having reached an agreement on the 21st Century ROAD to Housing Act, and releases the following statement:…
- DCUC, Credit Unions Warn Massachusetts Lawmakers of Interchange Policy Risks — WASHINGTON, DC – On Monday, June 15, Defense Credit Union Council (DCUC) Chief Advocacy Officer Jason Stverak provided testimony before the Massachusetts Special Legislative Commission to Study the…
- Former TD Banker Sentenced In $5.5-Million Colombia Money Laundering Scheme — NEWARK, N.J.—A former TD Bank retail banker was sentenced to 24 months in federal prison after admitting he accepted bribes and helped launder more than $5.5 million in drug proceeds through a…
- $17.5 Million Settlement Proposed After 700Credit Breach Exposed Data of 5.8 Million Consumers — SOUTHFIELD, Mich.—A Michigan federal judge has granted preliminary approval to a $17.5-million settlement that would resolve litigation stemming from a 2025 data breach at 700Credit, a provider of…
- America's Credit Unions Backs End Of Federal Paper Checks, Expanded Fraud Info Sharing — WASHINGTON—America's Credit Unions is backing the Treasury Department's plan to phase out paper checks for federal payments, while also applauding new FinCEN guidance that expands the ability of…
- New Jersey Orders Review Of 'Junk Fees,' Eyes New Consumer Protections — TRENTON, N.J.—New Jersey Gov. Mikie Sherrill has ordered state agencies to review industries under their oversight for so-called "junk fees," directing regulators to recommend ways to curb hidden or…
- NCUA Board To Reconvene June 24 Amid Pending Crews Nomination — ALEXANDRIA, Va.—NCUA has scheduled an open board meeting for June 24 at 10 a.m. ET, marking the agency's first public board meeting since April 9. The agenda has not yet been released. The meeting…
- Simpson: Credit Union Leaders Feel Heavy Regulatory Burden Across Industry — WASHINGTON—Credit union CEOs across the country are feeling the weight of operating in an increasingly complex regulatory environment and are eager to see supervision become less politicized,…
- DCUC's Stverak Warns Massachusetts Interchange Proposal Could Create 'State-Specific Rewrite' Of Payments System — BOSTON— Defense Credit Union Council Chief Advocacy Officer Jason Stverak told Massachusetts lawmakers Monday that interchange legislation being considered by the state could have consequences far…
- Anthropic Pulls New AI Models After U.S. Export-Control Order, Reports BankInfoSecuri — WASHINGTON—Anthropic has disabled public access to two of its newest artificial intelligence models after the U.S. government ordered the company to prevent foreign nationals from accessing them,…
- NCUA Board Approves Final Rule On Vital Records Preservation — ALEXANDRIA, Va.--NCUA Monday issued a final rule revising record preservation requirements for credit unions in the event of a catastrophic act, the agency announced. This rule is codified at 12 CFR…
- ACU Backs Treasury Addition To ACH Registry, Citing Fraud-Fighting Benefits — WASHINGTON--Nacha’s proposal to add the Treasury’s Bureau of Fiscal Service (BFS) to the ACH Contact Registry would help credit unions fill gaps in information and has America’s Credit Unions’…
- Remittance Tax Faces Constitutional Challenge As Fintech Trade Group Files Suit — WASHINGTON—The Financial Technology Association has sued Tennessee to block a new tax on international money transfers, arguing the law unconstitutionally discriminates against foreign commerce and…
- Consumer Confidence Defies Inflation, Global Uncertainty — CHICAGO—Americans are heading into the second half of 2026 with a surprisingly positive outlook on their finances, even as inflation pressures, affordability concerns and global instability continue…
- DOJ Urges Judge To Toss Borrowers’ Bid To Revive SAVE Plan — WASHINGTON—The Trump Administration is asking a federal judge in Washington, D.C., to dismiss a lawsuit brought by student loan borrowers seeking to revive the Biden administration’s Saving on a…
- Rising Vehicle Prices, Delinquencies Temper Credit Union Optimism In Auto Finance — SAN DIEGO—Credit unions are heading into the second half of 2026 expecting growth in auto finance, but a new Credit Union Leasing of America (CULA) survey suggests the opportunity is being shaped…
- CU Xpress Lease Sets Record As Booked Leases Jump 115% Year-Over-Year — BEDFORD, Texas—Fusion Auto Finance said its CU Xpress Lease program posted the strongest month in its history in April, with booked leases surging 115% year-over-year as more consumers and credit…
- CFPB: Bilt To Reimburse Hundreds Following Card-Relaunch Payment Problems — WASHINGTON—The Consumer Financial Protection Bureau said Bilt will reimburse more than 500 customers who incurred penalty fees and other costs tied to problems during the fintech’s transition to a…
- FinCEN Expands Guidance on Fraud Information Sharing Among Financial Institutions — WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has issued updated guidance clarifying how financial institutions can share information about suspected fraud under Section 314(b) of the…
- Kaudy Takes Helm As CoVantage CEO — ANTIGO, Wis.—Matt Kaudy has assumed the role of president and CEO of CoVantage Credit Union, succeeding retiring CEO Charlie Zanayed and becoming only the fourth CEO in the credit union’s 73-year…
- At DCUC Annual Conference, Hernandez And Simpson Will Unite For Future-Focused Discussion — WASHINGTON—Leaders of the two largest national credit union trade organizations will share the stage at the Defense Credit Union Council's 2026 Annual Conference for a discussion focused on the…
- Nvidia Unveils AI Blueprint To Help FIs Replace Hundreds Of Models With One — SAN JOSE, Calif.—Nvidia has unveiled a new blueprint aimed at helping FIs replace sprawling collections of artificial intelligence tools with a single AI model trained on transaction data that can…
- FDIC Reimposes Lifetime Ban, Fine On Former Bank CEO After Supreme Court Remand — WASHINGTON—The Federal Deposit Insurance Corp. has reaffirmed a lifetime industry ban and $125,000 civil money penalty against former Northwestern Bank CEO and chairman Harry Calcutt III, concluding…
- Democrats Press Trump To Fill Minority Seats at Financial Regulators — WASHINGTON— Senate Banking Committee Democrats this week accused the Trump Administration of abandoning a long-standing bipartisan tradition by failing to nominate minority party members to…
- CISA Orders Federal Agencies To Prioritize Patching Based On Cyber Risk — WASHINGTON—The Cybersecurity and Infrastructure Security Agency has issued a new directive requiring federal civilian agencies to overhaul how they prioritize software vulnerabilities, directing…
- $95 Million Gone: NCUA Alleges Massive Credit Union Fraud Scheme — JACKSON, Miss.— Federal regulators have accused former Jackson Area Federal Credit Union President and CEO Leigh Bridges and her husband, Chad Bridges, of orchestrating a years-long scheme that…
- Mortgage Rates Tick Up, Remain Below Year-Ago Levels — MCLEAN, Va.—The average rate on a 30-year fixed-rate mortgage edged higher this week but remained well below year-ago levels, according to Freddie Mac. Freddie Mac reported that the 30-year…
- America's Credit Unions Urges Tailored AI Oversight For Financial Institutions — WASHINGTON--In advance of the Senate Banking Committee’s hearing on artificial intelligence and its role in the financial services space Thursday, America’s Credit Unions submitted comments…
- Former CFPB Deputy, Capital One Executive Nominated To Head Bureau — WASHINGTON—President Donald Trump has nominated Brian Johnson, a former CFPB deputy director and current Capital One executive, to serve as CFPB director, a move that would place a longtime critic…
- New York Moves To Align Stablecoin Rules With Federal GENIUS Framework — NEW YORK—New York regulators on Tuesday unveiled proposed changes to the state's stablecoin rules to align them with upcoming federal requirements governing state-supervised stablecoin issuers,…
- MBA: AI Can Originate Mortgages, But Federal Rules Still Require A Human Loan Officer — WASHINGTON—Mortgage lenders are rapidly embracing artificial intelligence across the loan lifecycle, but federal law still effectively requires a human mortgage loan originator to remain involved in…
- 10 America’s Credit Unions PAC-Backed Candidates Advance In Tuesday Primaries — WASHINGTON— In primary elections across four states Tuesday, 10 Congressional candidates backed by America’s Credit Unions PAC successfully won their party nomination and advanced to November’s…
- DCUC's Stverak To Tell Lawmakers CU Members Could Feel Impact Of Payments Overhaul — BOSTON—On Monday, June 15, Defense Credit Union Council Chief Advocacy Officer Jason Stverak will provide official testimony to the Massachusetts Special Study Commission during its fourth “Special…
- DCUC Writes To NCUA and FinCEN In Support Of Risk-Based AMLCFT Modernization — WASHINGTON--The Defense Credit Union Council has submitted formal comments to the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the NCUA in response to a proposed…
- Anthropic Unveils Fable 5, Keeps Powerful Mythos Capabilities Under Tight Control — SAN FRANCISCO—Anthropic has launched Claude Fable 5, a new frontier artificial intelligence model the company says delivers Mythos-class performance in software engineering, advanced reasoning and…
- Credit Unions Back FCC Crackdown On Phone Number Resellers To Fight Fraud, Spoofing — WASHINGTON--The Federal Communications Commission’s (FCC) proposal to restrict the resale of phone numbers is a positive development, as resale of can undermine transparency, accountability, and…
- Judge Gives Preliminary Approval To Visa, Mastercard Swipe-Fee Settlement Despite Merchant Objections — NEW YORK—A federal judge has granted preliminary approval to a revised settlement between Visa and Mastercard and more than 12 million U.S. merchants in a long-running antitrust battle over…
- DCUC Welcomes Nomination of Brian Johnson as CFPB Director — WASHINGTON, DC – The Defense Credit Union Council (DCUC) issued the following statement after the White House sent the nomination of Brian Johnson to serve as Director of the Consumer Financial…
- DCUC Chief Advocacy Officer to Address Emerging Interchange Threats in Massachusetts — WASHINGTON, DC – On Monday, June 15, the Defense Credit Union Council (DCUC)’s Chief Advocacy Officer Jason Stverak will provide official testimony to the Massachusetts Special Study Commission…
- America’s Credit Unions Supports Crews’ Nomination To NCUA Board — WASHINGTON – America’s Credit Unions President/CEO Scott Simpson Tuesday called on Senate Banking Committee leadership to “move ahead expeditiously and advance” the nomination of John Crews to serve…
- Visa’s AI Payments Push Sparks New Compliance Concerns — SAN FRANCISCO—Visa’s new framework for so-called “agentic commerce,” which would allow artificial intelligence agents to make purchases and complete payments on behalf of consumers, could create…
- Black Book Reports Continued Strength In Used-Car Market Despite Headwinds — LAWRENCEVILLE, Ga.—Used vehicle values continued to strengthen in May, with the Black Book Used Vehicle Retention Index rising 0.6% from April as an unusually strong spring selling season extended…
- Rhode Island CU CEO David Suvall To Retire After 45-Year Career; Successor Named — PROVIDENCE, R.I.— Longtime Rhode Island Credit Union President and CEO David Suvall will retire July 1 after 45 years with the organization, with the credit union’s board naming Executive Vice…
- Auto Loan Balances Climb In Key Markets, Creating New Risk Signals For Lenders — MIAMI--U.S. consumers now hold approximately $1.7 trillion in outstanding auto loan debt, and average balances continued to rise in many major metropolitan areas during the first quarter of 2026,…
- Visa Adds AR Automation Tools To Commercial Hub In Virtual Card Push — SAN FRANCISCO—Visa is expanding its Commercial Solutions Hub as the payments giant pushes to accelerate adoption of virtual cards among financial institutions, suppliers and corporate clients by…
- Less Than Half of Americans Say They're Better Off Than Their Parents, TruStage Finds — MADISON, Wis.—Fewer than half of Americans believe they are better off financially than their parents, according to the TruStage 2026 What Matters Now Study, which found growing concerns about the…
- ACU, DCUC Join Amicus Brief Defending Current Interchange System — WASHINGTON—Working to protect the current interchange system, America’s Credit Unions, the Defense Credit Union Council and several other financial services organizations filed an amicus brief…
- America’s Credit Unions Backs NCUA FOM Proposal, Sees Expanded Membership Access — ALEXANDRIA, Va.—America’s Credit Unions voiced support for the NCUA’s proposed field-of-membership rule, saying the measure would modernize current requirements and expand access to credit union…
- DCUC Responds to FinCEN and OFAC Proposed Stablecoin Rule Under GENIUS Act — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has submitted a comment letter to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) following FinCEN…
- NCUA Releases First Quarter 2026 Credit Union System Performance Data — Alexandria, VA (June 9, 2026) ― The National Credit Union Administration today released its first quarter credit union system performance data for 2026. According to the latest financial performance…
- House Panel Advances Defense Bill Without Financial Services-Related Amendments — WASHINGTON—The House Armed Services Committee advanced its FY27 National Defense Authorization Act late last week without any financial services-related amendments, America’s Credit Unions reported.…
- Fraud Is No Longer Just A Loss Problem—It's A Trust Problem — NEW YORK—Fraud is becoming both more sophisticated and more visible to consumers, creating a growing challenge for credit unions that must protect members while preserving trust in digital channels,…
- Why Lenders May Need To Rethink How They Evaluate Subprime Borrowers — NEW YORK—Subprime consumers are no longer a niche corner of the lending market but a persistent and increasingly important borrower segment that traditional credit scoring models may be failing to…
- Bank Of America Unveils Real-Time Cross-Border Payments Service — NEW YORK— Bank of America said it plans to launch a new cross-border real-time payments service next quarter that will allow corporate, commercial and financial institution clients to send and…
- Credit Outlook Improves, But Consumer Lending Concerns Persist, ABA Reports — WASHINGTON — While credit conditions are expected to continue softening slightly over the next six months as the labor market encounters headwinds and the economy handles external shocks, they are…
- She Returned The Cash During The Audit—But Regulators Still Banned Her From Credit Unions — LEWISTON, Idaho— A former Idaho Central Credit Union employee who admitted stealing more than $63,000 from the credit union has been barred from working for any Idaho-chartered or state-licensed…
- NCUA Preemption Victory Headlines Busy Week For Credit Union Advocates — WASHINGTON—Credit union trade groups said they are seeing momentum on several key advocacy priorities, pointing to a new NCUA preemption rule, favorable movement on the National Defense…
- National Credit Union Foundation Names 52 New Development Educators For 2026 — MADISON, Wis.– The National Credit Union Foundation has named 52 leaders from across the United States as the next Credit Union Development Educators of 2026. The group earned their designation…
- NCUA Finalizes Preemption Rule, Clearing Path For FCUs To Continue Collecting Interchange Fees — ALEXANDRIA, Va.— NCUA has finalized an interim rule clarifying that federal credit unions have the authority under the Federal Credit Union Act to impose non-interest charges and fees—including…
- NCUA Finalizes Rule On Dependent Care, Board Member Reimbursements — ALEXANDRIA, Va.--NCUA Monday issued a final rule for Dependent Care and Board Member Reimbursement, the agency announced. The NCUA board amended its regulations concerning the reimbursement of…
- DCUC Joins National Banking and Credit Union Associations in Joint Amicus Brief, Urge Sixth Circuit to Uphold Federal Reserve's Debit Card Fee Rule — WASHINGTON, DC – The Defense Credit Union Council (DCUC) recently joined a coalition of leading banking and credit union associations in filing an amicus brief with the U.S. Court of Appeals for the…
- DCUC Applauds NCUA Final Rule on Dependent Care Reimbursement — WASHINGTON, DC – The Defense Credit Union Council (DCUC) today applauded the National Credit Union Administration (NCUA) for finalizing its Dependent Care and Board Member Reimbursement rule, a…
- NCUA Clarifies Federal Credit Unions’ Power — Alexandria, VA (June 8, 2026) ―The National Credit Union Administration (NCUA) published an Interim Final Rule to clarify federal credit unions’ (FCUs) power to charge non-interest charges and fees,…
- NCUA Board Approves Final Rule on Dependent Care and Board Member Reimbursement — Alexandria, VA (June 8, 2026) ― The National Credit Union Administration today issued a final rule for Dependent Care and Board Member Reimbursement. The NCUA Board amended its regulations…
- DCUC Commends NCUA Interim Final Rule Affirming Federal Credit Union Fee Authority — WASHINGTON, DC – The Defense Credit Union Council (DCUC) today commended the National Credit Union Administration (NCUA) for issuing an interim final rule clarifying federal credit unions' authority…
- Q2 Rolls Out AI Assistant To Help Credit Union Staff Resolve Member Issues Faster — AUSTIN, Texas—Q2 Holdings has launched Q2 Assistant, an artificial intelligence platform embedded across its digital banking products that the company says is designed to help banks and credit…
- Former Wells Fargo VP Sues Bank, Alleges Race Bias And Retaliation — CHARLOTTE, N.C.—A former Wells Fargo vice president hired to help oversee the bank’s compliance with a federal consent order tied to its fake-accounts scandal has sued the bank, alleging race and…
- Affordability Anxiety Intensifies As Consumers Brace For Higher Prices, Report Says — NEW YORK—A new Banking and Payments Intelligence Report from J.D. Power found financial stress among U.S. consumers remained stubbornly elevated in April, with 69% classified as financially…
- Credit Card Debt Falls By $60 Billion In First Quarter, But WalletHub Sees Rebound Ahead — MIAMI--Americans paid down approximately $60 billion in credit card debt during the first quarter of 2026, according to WalletHub’s analysis of the latest Federal Reserve consumer credit data,…
- BCU, HealthCare Associates CU Announce Merger Plan; Combined Assets Near $7 Billion — VERNON HILLS, Ill.—The $6.5-billion BCU ere plans to acquire HealthCare Associates Credit Union, a $486.4-million institution based in Lisle, Ill., pending regulatory and member approval. According…
- Congress Unveils Bipartisan Blueprint For Federal AI Rules Of The Road — WASHINGTON—A bipartisan group of House lawmakers has released a discussion draft of the Great American AI Act, a proposal that would establish a federal framework for governing artificial…
- FinCEN Warns Banks, Credit Unions To Watch For Illegal Employment Schemes — WASHINGTON—The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a new advisory urging banks, credit unions and other financial institutions to increase…
- U.S. Job Growth Crushes Forecasts, Complicating Fed Rate-Cut Outlook — WASHINGTON— The U.S. labor market delivered a stronger-than-expected performance in May, adding 172,000 nonfarm jobs while the unemployment rate held steady at 4.3%, according to the Employment…
- Credit Unions Join Fight Over Colorado Rate-Cap Law With National Implications — WASHINGTON--Working to protect export rights of state-chartered credit unions, America’s Credit Unions and other organizations filed an amicus brief with the U.S. Court of Appeals for the 10th…
- Fed's Schmid Raises Possibility Of Rate Hikes As Inflation Persists — TOPEKA, Kans.--Kansas City Federal Reserve President Jeffrey Schmid suggested Thursday that the Federal Reserve's next policy debate may center on whether to keep interest rates steady or raise them…
- State Regulators Push Back On Treasury’s Stablecoin Oversight Proposal — WASHINGTON--State banking regulators are urging the Treasury Department not to rely solely on forthcoming Office of the Comptroller of the Currency (OCC) rules when determining whether state…
- GOP Divide Emerges Over Trump Immigration Banking Order — WASHINGTON--A split among Republicans over President Trump’s recent executive order directing regulators to increase immigration-related scrutiny of bank customers surfaced Thursday during a House…
- Simpson, America’s Credit Unions Advocacy Team Press Industry Agenda On Capitol Hill — WASHINGTON--Credit union priorities took center stage on Capitol Hill Thursday as America’s Credit Unions President and CEO Scott Simpson joined members of the association’s advocacy team for…
- Federal Prudential Regulators Ask Financial Institutions to Detect and Report Illicit Activity Related to Illegal Aliens — Alexandria, VA (June 5, 2026) ―Today the National Credit Union Administration joined the U.S. Department of the Treasury’s Financial Crimes Enforcement Network, the Federal Deposit Insurance…
- DCUC Responds to FinCEN Joint Advisory on Financial Integrity and Risk Management — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) responded to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network’s (FinCEN) Joint Advisory on Non-Work…
- In Likely Final HFSC Appearance, Hauptman Makes Case For Stablecoins, Smaller Credit Unions — WASHINGTON—Outgoing NCUA Chairman Kyle Hauptman used what is likely to be his final appearance before the House Financial Services Committee to champion stablecoins, defend the role of smaller…
- Survey: Consumers Fear Stablecoins Could Drain Deposits, Reduce Community Lending — WASHINGTON—As the U.S. Senate prepares to take up the CLARITY Act and broader digital asset legislation, a new survey commissioned by the American Bankers Association found consumers overwhelmingly…
- CUSG Rebrands As Navari, Unifying Portfolio Under Single Platform Strategy — ROYAL OAK, Mich.— CUSG announced it is rebranding as Navari, a move the company said reflects its evolution into a unified platform spanning human resources, experience management, marketing…
- DCUC Outlines Credit Union Priorities Ahead Of Congress' Review Of Prudential Regulators — WASHINGTON--The Defense Credit Union Council submitted a letter for the record ahead of the House Financial Services Committee's hearing today, "Oversight of Prudential Regulators," urging lawmakers…
- Mortgage Rates Fall Again, Offering Slight Boost To Homebuyer Affordability — MCLEAN, Va.--The 30-year fixed-rate mortgage averaged 6.48% this past week, Freddie Mac reported. “The 30-year fixed-rate mortgage decreased to 6.48% this week,” said Sam Khater, Freddie Mac’s chief…
- Mountain America Faces Member Frustration Following Technology Update — SANDY, Utah—Mountain America Credit Union is working to resolve ongoing member access issues following a major system update that disrupted some debit card transactions, account visibility and…
- Dallas Fed’s Logan Raises Possibility Of Rate Hike As Inflation Pressures Persist — WASHINGTON—Dallas Federal Reserve Bank President Lorie Logan said this week that strong economic growth, resilient consumer spending and booming corporate earnings are raising the possibility that…
- New York Regulator Fines Santander Consumer, Orders Borrower Refunds In Fee Settlement — NEW YORK—New York’s top banking regulator has ordered Santander Consumer USA, the auto-finance arm of Spain-based Banco Santander, to pay more than $675,000 in penalties and consumer restitution…
- Ahead Of Prudential Regulators Hearing, ACU Presses Congress On Interchange, Capital Relief And Payments Policy — WASHINGTON--With NCUA Chairman Kyle Hauptman set to appear before the House Financial Services Committee Thursday, America's Credit Unions submitted comments to the committee addressing priorities…
- ACU’s Simpson Presses Tax, Deposit Insurance Issues in Meetings With Top Lawmakers — WASHINGTON—As part of ongoing efforts to keep credit union priorities front and center on Capitol Hill, America’s Credit Unions President and CEO Scott Simpson joined the association’s advocacy team…
- Colorado Rejects Illinois-Style Interchange Fight As Polis Blocks SB26-134 — DENVER—Colorado Gov. Jared Polis has vetoed SB26-134, the controversial interchange-fee bill that would have prohibited card issuers and payment networks from charging interchange on the sales-tax…
- Ex-Keesler Credit Union Worker Faces Four Embezzlement Counts — GULFPORT, Miss.—A former employee of Keesler Federal Credit Union is scheduled to stand trial in October after being indicted on four counts of embezzlement involving funds she allegedly accessed…
- Real-Time Payments, AI Driving New Fraud Risks For Financial Institutions, Nuvei Executive Warns — LONDON—The rapid rise of real-time payments is fundamentally reshaping fraud risk for financial institutions and merchants, compressing the time available to detect suspicious transactions just as…
- Mortgage Stress Intensifies In Several States During Q1 — MIAMI—Mortgage delinquency rates climbed in most states during the first quarter of 2026, with several states seeing sharp increases that suggest growing financial strain on homeowners despite a…
- Financial Trades Urge FCC To Drop Foreign Call-Center Rules — WASHINGTON--The Defense Credit Union Council reported it recently joined a broad coalition of national banking, credit union, financial services, payments, housing, fintech, and student loan trade…
- Bessent Defends Trump Budget, Faces Sharp Senate Questioning On Economy, IRS — WASHINGTON—Treasury Secretary Scott Bessent faced sharp questioning before the Senate Finance Committee on Wednesday as lawmakers examined the Trump Administration’s FY 2027 budget request for the…
- America’s Credit Unions: 53 Of 55 PAC-Backed Candidates Advance in Primaries — WASHINGTON—America’s Credit Unions said candidates backed by its political action committee posted a strong showing in Tuesday’s primary elections, with 53 of 55 supported candidates advancing to…
- USALLIANCE Financial Names Brett Wheeler President, CEO — RYE, N.Y.— USALLIANCE Financial has named longtime executive and Chief Financial Officer Brett Wheeler as its new president and CEO, succeeding Harry Zhu, who is leaving the organization to pursue…
- DCUC Calls For Congressional Action: Preserve CDFI Funding And Ensure Uninterrupted Pay For Coast Guard — WASHINGTON--The Defense Credit Union Council is advancing two major advocacy priorities this week focused on financial readiness for military communities and underserved populations. In a letter…
- DCUC Joins Broad Coalition of Financial, Banking, and Technology Associations in FCC Filing Opposing Foreign Call Center Rule Proposal — WASHINGTON, DC – The Defense Credit Union Council (DCUC) recently joined a broad coalition of national banking, credit union, financial services, payments, housing, fintech, and student loan trade…
- DCUC Issues Statement Following Colorado Governor’s Veto of SB26-134 — The Defense Credit Union Council (DCUC) welcomes Colorado Governor Jared Polis’ veto of the SB26-134, recognizing concerns with its potential impact on consumers, small businesses, and financial…
- Credit Card Balances Fall Sharply to Start 2026, But Rebound Expected — MIAMI--U.S. consumers likely paid down a significant amount of credit card debt during the first quarter, with WalletHub projecting a $61-billion decline on an inflation-adjusted basis when the…
- DCUC Comments On FinCEN Proposed Whistleblower Program — WASHINGTON--The Defense Credit Union Council recently submitted comments regarding the Financial Crimes Enforcement Network’s (FinCEN) proposed rule establishing a whistleblower program designed to…
- Reuters: Trump Regulators Launch Biggest Bank Oversight Overhaul Since 2008 — WASHINGTON—Federal banking regulators under President Trump are undertaking what Reuters described as the most significant overhaul of bank supervision since the 2008 financial crisis, shifting…
- New ACU White Paper Warns State Privacy Patchwork Is Burdening Credit Unions — WASHINGTON – America’s Credit Unions Tuesday released a white paper calling for a federal data privacy standard that preempts state privacy regulation, while recognizing the existing compliance…
- NCUF Report Highlights Credit Unions’ Growing Impact On Financial Well-Being — MADISON, Wis.– The National Credit Union Foundation Tuesday released its 2025 Impact Report, highlighting how credit unions across the country are working together to improve financial well-being…
- ProBridge Launches AI Sandbox For Credit Unions — TAMPA– ProBridge, a wholly owned subsidiary of Trellance Cooperative Holdings, Inc., has launched AI Labs, a new solution now available to existing and prospective ProBridge clients. First…
- Velera Appoints Brian Caldarelli As President — TAMPA-- Velera Tuesday announced that Brian Caldarelli has been appointed president and will oversee the company’s day-to-day operations. Chuck Fagan, who will retire at the end of the company’s…
- After Months In Conservatorship, Beverly Hills City Employees FCU Merges With $3.9B Nuvision — HUNTINGTON BEACH, Calif.—NCUA said Beverly Hills City Employees FCU has merged into Nuvision FCU here, effective June 1, following several months in conservatorship after the regulator determined…
- GAO Warns Treasury Rollback of Corporate Transparency Act Could Increase Illicit Finance Risks — WASHINGTON—The U.S. Government Accountability Office is warning that the Treasury Department’s decision to scale back beneficial ownership reporting requirements under the Corporate Transparency Act…
- Former Fed Chair Powell Warns Political Interference Could Undermine Central Bank Credibility — BOSTON—Former Federal Reserve Chair Jerome Powell warned that political interference in monetary policy could permanently damage public confidence in the central bank, describing the institution as…
- DCUC Requests Senate Finance Committee Reject Proposed CDFI Fund Cuts — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has sent a letter to the Senate Finance Committee ahead of its hearing with Treasury Secretary Scott Bessent, urging lawmakers to reject the…
- DCUC Calls for Coast Guard Pay Protection Ahead of DHS FY2027 Budget Hearing — WASHINGTON, DC – The Defense Credit Union Council (DCUC) urged the House Committee on Homeland Security to support a permanent funding mechanism that ensures Coast Guard personnel receive…
- Beverly Hills City Employees Federal Credit Union Merges into Nuvision Federal Credit Union — Alexandria, VA (June 2, 2026)―Beverly Hills City Employees Federal Credit Union of Beverly Hills, California, merged into Nuvision Federal Credit Union of Huntington Beach, California, effective…
- Non-Bank Lenders Gain Ground As Borrowers Seek Relief From Rising Costs — TROY, Mich.—As inflation, higher borrowing costs and mounting household expenses continue squeezing consumers, growing numbers of Americans are turning to personal loans as a financial lifeline—but…
- Credit Union Helps Thwart Attempted $2.2-Million Treasury Check Fraud — READING, Pa.—A Pennsylvania credit union helped uncover an alleged fraud scheme involving a stolen $2.2-million U.S. Treasury check after staff flagged an attempt to deposit the payment into a newly…
- Credit Union Trades Brace For Packed Week On Capitol Hill — WASHINGTON—Credit union trade groups are preparing for a busy week of advocacy on Capitol Hill, with hearings on tax policy, financial regulation, data privacy, defense spending and the Department…
- Illinois Legislature Approves One-Year Delay Of IFPA, Pushing Effective Date To 2027 — CHICAGO—The Illinois General Assembly has given financial institutions a significant reprieve in the ongoing battle over interchange fees, approving legislation that delays implementation of key…
- delay implementation — CHICAGO—The Illinois General Assembly has given financial institutions a significant reprieve in the ongoing battle over interchange fees, approving legislation that delays implementation of key…
- DCUC Urges Regulatory Modernization And Greater Flexibility In NCUA Regulatory Review — WASHINGTON—Monday, the Defense Credit Union Council submitted comments to NCUA as part of the agency's annual review of existing regulations, offering recommendations to modernize outdated…
- ACU: Illinois IFPA Delay Gives Credit Unions Breathing Room As Court Fight Continues — CHICAGO—America’s Credit Unions said Illinois lawmakers’ decision to delay implementation of the Illinois Interchange Fee Prohibition Act (IFPA) by one year provides critical breathing room for…
- ACU Expands Political Push, Backs McAdams In Key Utah Race — WASHINGTON— America’s Credit Unions Monday announced its latest independent expenditure campaign supporting congressional candidate Ben McAdams (D, UT, District 1). Together with previous campaigns…
- WOCCU, WFCU Launch New Grant Program Alongside 2026 ICU Day Theme — MADISON, Wis.–World Council of Credit Unions (WOCCU) and Worldwide Foundation for Credit Unions (WFCU) have unveiled the theme for the 78th anniversary of International Credit Union (ICU) Day:…
- Philadelphia Court Launches Fast-Track Program For Credit Card Collection Cases — PHILADELPHIA—The Philadelphia Court of Common Pleas is launching a Consumer Credit Card Collection Diversion Pilot Program to move rising credit card debt lawsuits through a faster, court-managed…
- America’s Credit Unions Urges FHFA To Ease Appraisal Barriers To Mortgage Access — WASHINGTON--The recent Executive Order promoting mortgage access presents numerous policy opportunities, and America’s Credit Unions joined a letter to the Federal Housing Finance Agency (FHFA) on…