Credit Union News — July 2026
Credit union industry reporting published in July 2026.
- TruStage: Most Systems Back By Mid-August; Member Data Probe Continues — MADISON, Wis.— TruStage expects the majority of its key operational processes to be back online by mid-August following the sweeping cyberattack that forced the company to shut down systems earlier…
- DCUC Announces 2026 Crashers Class Ahead Of Annual Conference Kickoff — AVENTURA, Fla.— The Defense Credit Union Council has named 10 emerging credit union professionals to its 2026 DCUC Crashers Class, with the participants set to take part in the organization's Annual…
- NCUA Issues Lifetime Ban Against Former Credit Union Employee — ALEXANDRIA, Va.--NCUA issued one conviction-based prohibition in July, the agency announced. The individual below is permanently prohibited from participating in the affairs of any federally insured…
- Major League Merger Would Unite 458 Credit Unions Across 5 States, D.C. — WASHINGTON/TALLAHASSEE, Fla. —The League of Credit Unions & Affiliates and the MD|DC Credit Union Association have signed a letter of intent to merge, a move that would create one of the nation's…
- Joint Statement of Enforcement Policy in Support of Venezuela’s Economic Recovery and Earthquake Relief Efforts — Alexandria, VA (July 31, 2026) ― The staffs of the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union…
- NCUA Prohibits One Individual from Participating in the Affairs of Any Federally Insured Depository Institution — Alexandria, VA (July 31, 2026) ― The National Credit Union Administration (NCUA) issued one conviction-based prohibition in July 2026. The individual named below is permanently prohibited from…
- Most Credit Unions Want AI—But Nearly 9 In 10 Fear What Comes Next — SANDWICH, Mass.—Community financial institutions overwhelmingly view artificial intelligence as a strategic priority, but most have adopted only a limited number of AI applications while remaining…
- Auto Loan Delinquencies Finally Stop Climbing, Hinting At A Credit Turnaround — NEW YORK—After several years of worsening credit performance, U.S. auto loan delinquencies appear to be leveling off, a potential turning point for lenders. Morningstar DBRS said early-stage…
- Walmart-Backed Fintech OnePay Expands Into Consumer Lending — NEW YORK—OnePay, the Walmart-backed fintech, has partnered with consumer lending platform Upgrade to launch a personal loan offering that will allow customers to apply for loans ranging from $1,000…
- Senate Moves Closer To Confirming John Crews To NCUA Board — WASHINGTON— The U.S. Senate has moved closer to confirming John Crews to serve on the NCUA board, paving the way for him to succeed NCUA Chairman Kyle Hauptman and leaving the agency with a single…
- Warsh Says Fed Is ‘Just Getting Started’ As Bond Yields Soar — WASHINGTON— Federal Reserve Chair Kevin Warsh defended his decision to sharply limit the central bank’s guidance about future interest-rate moves, arguing that the resulting rise in market borrowing…
- CORRECTION: Senate Moves Closer To Confirming John Crews To NCUA Board — EDITOR'S NOTE: The Senate voted today to proceed with consideration of executive branch nominees. A separate vote by the full Senate on the confirmation of John Crews and the other nominees is…
- U.S. Economy Slows to 1.5% Growth As Inflation Heats Up Again — WASHINGTON— The U.S. economy grew at a 1.5% annual rate during the second quarter, slowing from 2.1% in the first three months of the year as weaker government spending, slower investment and softer…
- Mortgage Rates Average 6.66% — MCLEAN, Va.— The average rate on a 30-year fixed mortgage rose to 6.66% this week, reversing last week's decline but remaining slightly below where it stood a year ago, according to Freddie Mac.…
- Ex-Credit Union CEO Takes NCUA Fight To Supreme Court In High-Stakes Constitutional Challenge — ARLINGTON, Va.— Former Edinburg Teachers Credit Union CEO Jeffrey Moats has asked the U.S. Supreme Court to decide whether he may challenge the constitutionality of the NCUA’s administrative…
- Credit Unions Urged To Weigh In On Stablecoin ID Rules Before Deadline — WASHINGTON— Credit unions have just one week to help shape America’s Credit Unions’ response to a federal proposal that would require stablecoin issuers to establish Customer Identification…
- Defense Credit Union Council Advocates for Regulatory Parity and Member Protections in Senate Digital Asset Legislation — WASHINGTON, DC – The Defense Credit Union Council (DCUC), a national association representing credit unions serving military and veteran communities, has submitted official comments and…
- Former TD Bank Manager Gets Nearly Four Years in $474M Money-Laundering Case — NEWARK, N.J.—A former TD Bank assistant store manager was sentenced to 46 months in federal prison Wednesday for helping a money-laundering network move approximately $474 million through TD Bank…
- Big Banks Roar Back, Steal Customer Growth From Fintech Rivals — TROY, Mich.— The largest U.S. banks regained momentum in attracting new customers during the second quarter of 2026, reversing recent gains by fintech challengers as brand reputation, convenience…
- Fed Holds Rates Steady As Three Officials Push For A Hike — WASHINGTON—The Federal Reserve held its benchmark interest rate steady Wednesday, but three policymakers broke with the majority and voted for a quarter-point increase, exposing growing concern…
- Visa Cuts 7% Of Workforce As AI Reshapes Operations — SAN FRANCISCO— Visa said artificial intelligence is allowing the payments giant to operate more efficiently and accelerate product development, helping support a restructuring that will eliminate…
- Banking Groups Demand Guardrails Before Stablecoin Panel Begins Work — WASHINGTON— The nation's largest banking trade groups are urging federal regulators to establish strict procedural safeguards before implementing the new stablecoin oversight framework created under…
- Rise Analytics To Sponsor Filene’s All Things Payments Center Of Excellence Through 2028 — TAMPA— Rise Analytics, a Trellance company, and the Filene Research Institute announced that Rise Analytics will serve as a sponsor and participant in Filene's All Things Payments Center of…
- Funding Round Backs InvestiFi's Expansion Of Embedded Investing For Credit Unions — DETROIT—InvestiFi, a CUSO that enables credit unions and community banks to offer digital investing within their online banking platforms, has raised $20 million in new funding as it looks to…
- CFPB Seeks Credit Union Input On Mortgage Rules; ACU Urges Institutions To Weigh In — WASHINGTON— Credit unions have less than two weeks to influence potential mortgage regulatory changes, as the Consumer Financial Protection Bureau seeks industry input on ways to reduce compliance…
- Credit Union Loan Growth Slows Again As Mortgage Weakness Offsets HELOC Gains — WASHINGTON--Credit union loans outstanding increased 0.12% in May, compared to a 0.19% increase in April, and a 0.48% increase in May 2025, according to America’s Credit Unions’ latest Monthly…
- Capital One Defeats Lawsuit Over 30% Credit Card Interest Rates — McLEAN, Va.— Capital One has won dismissal of a proposed class-action lawsuit accusing the bank of charging excessive interest rates on its credit cards, after a Maryland federal judge ruled the…
- Branch Expands Earned Wage Access With New Embedded Payment Tools — MINNEAPOLIS, Minn.--Branch is expanding its earned wage access platform, allowing companies to embed the service directly into workforce applications such as scheduling and shift management tools, a…
- DaLand's Ungerland: New Clarity Act Language Is A 'Wake-Up Call' For Credit Unions, Not Just A Crypto Bill — ROCKY HILL, Conn.-Credit unions that view the revised Clarity Act simply as legislation governing stablecoins are missing its far broader strategic implications, according to Jon Ungerland, CIO and…
- PayPal Beats Earnings Expectations As Sale Speculation Swirls — SAN JOSE, Calif.—PayPal delivered stronger-than-expected second-quarter results and raised its full-year profit outlook Tuesday as it sought to reassure investors that its turnaround strategy can…
- Microsoft Unveils AI Cyber Platform It Says Tops Mythos At Half The Cost — REDMOND, Wash.--Microsoft has unveiled a new artificial intelligence-powered cybersecurity platform that combines specialized security agents with a new cyber-focused AI model the company says…
- DCUC Advocates For Regulatory Parity And Member Protections In Senate Digital Asset Legislation — WASHINGTON--The Defense Credit Union Council is urging the Senate Banking Committee to strengthen the Digital Asset Market Clarity Act before final passage, arguing the legislation should give…
- Vizo Financial’s 2026 Financial Conference To Offer Valuable Industry Insights And Strong Education — GREENSBORO, N.C.—Vizo Financial will bring credit union leaders to Asheville, N.C., Sept. 16-18 for its 2026 Financial Conference, featuring a strong lineup of education sessions led by industry…
- Velera Launches Risk Alert Manager To Strengthen Fraud Detection And Response Time — TAMPA-- Velera Tuesday introduced its new Risk Alert Manager, a fully integrated risk mitigation solution that allows Velera credit unions to monitor and respond to potential fraud events in near…
- Circle Snaps Up IBM's Blockchain Patents In Move That Could Reshape Digital Payments — NEW YORK— Circle Internet Group has acquired IBM's blockchain patent portfolio, a deal that gives the USDC stablecoin issuer control of more than 680 patent families encompassing nearly 1,000 issued…
- NY Attorney General Urges Congress To Toughen Clarity Act, Preserve State Crypto Powers — WASHINGTON— New York Attorney General Letitia James is urging Congress to rewrite the pending Digital Asset Market Clarity Act, arguing the legislation would weaken states' ability to combat…
- Mastercard Expands Virtual Card Platform With New Security, Payment Controls — PURCHASE, N.Y.— Mastercard has expanded its virtual card platform with new security controls and integration capabilities aimed at helping businesses and financial institutions better manage…
- America's Credit Unions Urges Fed To Tighten AML Rules Before Launching New Payment Accounts — WASHINGTON--The Federal Reserve has proposed a suite of changes to its policies and rules to create a special purpose account called the Payment Account. In response, America’s Credit Unions…
- From Mailbox To Money: Crips Member Sentenced In $2.8M Bank Fraud Plot — LOS ANGELES—A member of the South Los Angeles-based Crips street gang has been sentenced to nine years in federal prison for his role in a $2.8-million bank fraud scheme that used stolen and altered…
- Wise Plans Second U.S. Bank Charter Bid After OCC Rejection — LONDON— Wise plans to submit a second application for a U.S. national trust bank charter after the Office of the Comptroller of the Currency (OCC) rejected its original bid, saying the application…
- Keesler FCU Puts Another $1 Million Toward Members' Debt—This Time Targeting Car Payments — BILOXI, Miss.—After wiping out millions in members' credit card debt earlier this year, Keesler Federal Credit Union is turning its attention to another major household expense: auto loans. The…
- AI Nearly Ties Banks As Consumers’ Trusted Source For Financial Advice — TROY, Mich.— Artificial intelligence is rapidly emerging as a trusted source of financial guidance, with consumers now viewing AI almost as favorably as their banks when it comes to making smarter…
- Credit Union Groups Eye Critical Senate Stretch As CLARITY Act, Crews Vote Loom — WASHINGTON— With the House now in its August district work period and the Senate facing just two legislative weeks before recess, both America's Credit Unions and the Defense Credit Union Council…
- Upstart Clears Key OCC Hurdle To Launch AI-Powered National Bank — BURLINGAME, Calif.— Online lending platform Upstart Holdings has received conditional approval from the Office of the Comptroller of the Currency to establish Upstart Bank, N.A., clearing the first…
- America's Credit Unions Members Asked To Approve Final Steps In Merger With Name, D.C. Domicile Vote — WASHINGTON--America’s Credit Unions is conducting a membership vote requesting approval to formally update its name and change its domicile location from Wisconsin to the District of Columbia, ACU…
- America's Credit Unions Backs FHFA Plan To Give Fannie, Freddie More Flexibility In Serving Underserved Borrowers — WASHINGTON-- America’s Credit Unions Friday submitted a letter to the Federal Housing Finance Agency (FHFA) commenting on its proposal to rescind and replace the framework of its Enterprise Duty to…
- Report: U.S. Credit Card Debt Expected To Climb $100 Billion in 2026 — MIAMI--Americans are projected to add another $100 billion in credit card debt during 2026, pushing total outstanding balances to nearly $1.4 trillion, according to a new analysis from WalletHub…
- Holy Rosary CU Names Successor To Longtime CEO Brian Hughes — ROCHESTER, N.H.— The $500-million Holy Rosary Credit Union has named Kayla Selhorst its next president and CEO following a national search, with the current senior vice president and COO of CME…
- Another Credit Union Settles Overdraft Fee Case As Litigation Wave Continues — VANCOUVER, Wash.— iQ Credit Union has agreed to provide more than $1 million in cash, debt forgiveness and fee-practice changes to settle a class-action lawsuit alleging it improperly charged…
- Issuer Data Becoming Secret Weapon In Fight Against Fraud, False Declines — NEW YORK--Banks and other financial institutions are increasingly being judged not just on how quickly they process payments, but on how effectively they use data to make real-time decisions that…
- Members Greenlight HEMA FCU Merger Into PAHO/WHO FCU — ARLINGTON, Va.—Members of $17-million Healthcare Employees Mid-Atlantic (HEMA) FCU have approved a merger into PAHO/WHO Federal Credit Union, paving the way for the combined institution to begin…
- Beyond Chatbots: Skyfall Wants AI To Take Over the CEO’s Office — SAN FRANCISCO— AI startup Skyfall AI plans to test one of the industry's boldest ideas by purchasing a small software-as-a-service or e-commerce company for up to $1 million and attempting to run it…
- FinCEN Warns CUs, Banks To Watch for 'Ghost Student' Financial Aid Fraud — WASHINGTON— The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) is warning financial institutions to step up efforts to detect and report fraud schemes targeting…
- Appeals Court Delays Harper, Otsuka Reinstatement Bid; Trump Administration Ordered To Respond — WASHINGTON— A federal appeals court has postponed a decision on former NCUA Board Members Todd Harper and Tanya Otsuka’s request to quickly resume their reinstatement appeal, leaving them off the…
- Class Action Alleges BitMEX Designed System To Profit From Customer Losses — NEW YORK— BitMEX, one of the world's largest cryptocurrency exchanges, deliberately designed its trading platform to force customer liquidations and seize their bitcoin, according to a proposed…
- America's Credit Unions Urges FinCEN To End Annual 314(b) Renewal Requirement — WASHINGTON—Eliminating the annual renewal requirement for financial institutions that share information under Section 314(b) of the USA PATRIOT Act would make it easier for eligible institutions to…
- Revity CU Joins DCUC — WASHINGTON--Revity Credit Union, headquartered in Granite City, Ill., has joined the Defense Credit Union Council as its newest member. “We’re excited to partner with DCUC whose steadfast support of…
- Feds Charge Two In $43-Million 'Pig Butchering' Money Laundering Scheme — NEW YORK—Federal prosecutors have charged two Chinese nationals with operating a sophisticated money laundering network that allegedly funneled at least $43 million in proceeds from "pig butchering"…
- Student Loan Shakeup Could Send Millions Looking For New Lenders — CHICAGO— New federal student loan rules that took effect July 1 are expected to reshape how millions of Americans finance higher education, potentially driving more borrowers toward private lenders…
- CFPB Nominee Johnson Pledges ‘Open Mind’ On Staffing, Agency’s Future — WASHINGTON— Brian Johnson, President Trump's nominee to lead the CFPB, told senators Thursday he would approach the agency's future with an "open mind," declining to endorse plans to slash most of…
- Global Credit Union Leaders Conclude World Conference In Sydney — SYDNEY, Australia— More than 2,400 credit union and financial cooperative leaders from 39 countries wrapped up the 2026 World Credit Union Conference (WCUC) Wednesday after four days of discussions…
- Velera Included in TIME America’s Best Private Companies 2026 List — TAMPA-- Velera has been named to TIME’s list of America’s Best Private Companies 2026, the CUSO announced. The award is presented in collaboration with Statista, the world-leading statistics portal…
- Mortgage Rates Average 6.58% — McLEAN, Va.— The average rate on a 30-year fixed-rate mortgage edged higher this week, climbing to 6.58% from 6.55% a week earlier, according to Freddie Mac's latest Primary Mortgage Market Survey.…
- Crews Clears Key Senate Hurdle As NCUA Leadership Transition Nears — WASHINGTON— The Senate Banking Committee on Thursday approved John Crews' nomination to serve on the NCUA board by voice vote, sending the nomination to the full Senate and clearing the way for him…
- House GOP Presses Fed To Speed Bank Merger Reviews, Clear Backlog — WASHINGTON— House Financial Services Committee Republicans are urging the Federal Reserve to take additional steps to speed reviews of bank merger and acquisition applications, including clearing a…
- Credit Union-Backed Candidates Sweep Arizona Primaries, ACU Reports — WASHINGTON--All three credit union-backed candidates won their primary election races Tuesday in Arizona, America's Credit Unions reported. This includes Rep. Juan Ciscomani (R-AZ), a strong credit…
- ACU To NCUA: Here's How To Make It Easier To Launch New Credit Unions — WASHINGTON--Outlining numerous recommendations to improve the formation of de novo credit unions, America’s Credit Unions sent NCUA a detailed letter Wednesday. NCUA’s latest Unified Rulemaking…
- DCUC Welcomes Revity Credit Union to Membership — WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) is pleased to announce that Revity Credit Union, headquartered in Granite City, Illinois, has joined DCUC as a new member. Founded in 1941,…
- House Narrowly Passes $1.15-Trillion Defense Policy Bill — WASHINGTON— The House narrowly approved the $1.15-trillion National Defense Authorization Act (NDAA) for fiscal 2027 on Wednesday by a 216-212 vote, advancing Congress' annual defense policy bill…
- Senate GOP Unveils Crypto Bill With New Limits On Stablecoin Rewards — WASHINGTON— Senate Republicans unveiled the text of their long-awaited cryptocurrency market structure bill Wednesday, including new restrictions on stablecoin rewards that could have significant…
- Andrews FCU Earns Army's Highest Credit Union Honor — WASHINGTON--Andrews Federal Credit Union (USAG Wiesbaden) has been selected by the Department of the Army as the 2025 Army Distinguished Credit Union of the Year, the Defense Credit Union Council…
- Gesa Makes Its Move Into Oregon With Willamette Valley Bank Deal — RICHLAND, Wash.—The $6.8-billion Gesa Credit Union has agreed to acquire $465-million Willamette Valley Bank, based in Salem, Ore., marking Gesa's first expansion into Oregon through a bank…
- DCUC Reaffirms Support Of John Crews Nomination To NCUA Board — WASHINGTON—The Defense Credit Union Council Wednesday reaffirmed its support for the nomination of John Crews to serve on the NCUA board, encouraging the Senate Banking, Housing, and Urban Affairs…
- America's Credit Unions Urges FinCEN Overhaul Ahead Of House Oversight Hearing — WASHINGTON--A House Financial Services subcommittee conducted an oversight of the Financial Crimes Enforcement Network (FinCEN) Tuesday. Detailing numerous changes that would support credit unions’…
- Judge Delivers Major Blow To Zelle as Fraud Lawsuit Lives On — NEW YORK— A New York state judge has refused to dismiss New York Attorney General Letitia James' lawsuit against Early Warning Services LLC, allowing the state's claims to move forward that the…
- ACU, AACUL Launch National Campaign To Combat Check Fraud — WASHINGTON--Check fraud remains one of the fastest growing types of financial fraud. America’s Credit Unions and the American Association of Credit Union Leagues are supporting a new campaign in…
- House Passes Main Street Capital Access Act — WASHINGTON--The House voted Tuesday 270-155-1 to advance the Main Street Capital Access Act (H.R. 6955), America's Credit Unions reported. The bill contains a number of regulatory relief provisions…
- At WCUC, Reuter Calls For Global Investment In Cooperative Leadership — SYDNEY, Australia— Worldwide Foundation for Credit Unions President Mike Reuter called on credit union leaders worldwide to become active stewards of the cooperative finance movement during his…
- DCUC Congratulates Andrews Federal Credit Union (USAG Wiesbaden) — WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) is honored to announce that Andrews Federal Credit Union (USAG Wiesbaden) has been selected by the Department of the Army as the 2025 Army…
- NCUA Hosts Vision250 Roundtable Series — Alexandria, VA (July 22, 2026) ― Last week, the National Credit Union Administration (NCUA) hosted Vision250, a series of roundtables in celebration of America250. The three-part event brought…
- WalletHub: Indianapolis Leads Nation In Credit Score Gains — MIAMI--Consumers in several major U.S. cities posted meaningful improvements in their credit scores over the past year, led by Indianapolis, according to a new WalletHub analysis comparing…
- Trump's CFPB Pick Agrees To Recuse Himself From Capital One Matters If Confirmed — WASHINGTON— Brian Johnson, President Trump's nominee to lead the Consumer Financial Protection Bureau, has agreed to recuse himself from any CFPB matters involving Capital One for up to two years if…
- AI-Only Cyberattack Hits Hugging Face, Offering First Real-World Example Of Feared 'Agentic' Threat — NEW YORK--Artificial intelligence platform Hugging Face said a recent cyberattack appears to match the exact "agentic" attack scenario cybersecurity experts have long warned about—one in which AI…
- America's Credit Unions Urges Senate to Refine Crypto Bill — WASHINGTON— America's Credit Unions and every state credit union league are urging the Senate to approve the CLARITY Act while making targeted changes they say are needed to protect credit unions'…
- DCUC Urges Balanced CFPB Approach Ahead Of Johnson Confirmation Hearing — WASHINGTON--Ahead of Thursday's Senate Banking Committee confirmation hearing for Consumer Financial Protection Bureau director nominee Brian Johnson, the Defense Credit Union Council urged…
- Bessemer FCU Sues TruStage, Alleging Cybersecurity Failures After System Breach — GREENVILLE, Pa.—The $47.5-million Bessemer System Federal Credit Union has filed a proposed nationwide class action against TruStage Financial Group, alleging the company's cybersecurity practices…
- America's Credit Unions Pushes FHLB Membership Expansion For Smaller CUs — WASHINGTON--Legislation currently introduced would help smaller credit unions join the Federal Home Loan Bank (FHLB) System, America’s Credit Unions wrote to a House subcommittee Monday ahead of an…
- America's Credit Unions Backs Main Street Bill, Presses House For More CU Reforms — WASHINGTON--A vote on the Main Street Capital Access Act (H.R. 6955) is likely on the House floor Tuesday, and America’s Credit Unions wrote to House leadership in support of the bill but also…
- Calhoun Liberty Credit Union Joins DCUC — BLOUNTSTOWN, Fla.—The $170-million Calhoun Liberty Credit Union here has become the newest member of the Defense Credit Union Council, DCUC announced. “Joining the Defense Credit Union Council is an…
- Treinen: Credit Unions Must Prepare For ‘What’s Next’ As Global Risks Reshape Industry — SYDNEY, Australia—World Council of Credit Unions President and CEO Paul Treinen opened Monday's general session at the 2026 World Credit Union Conference by urging credit unions to prepare for a…
- DCUC Advocates for Balanced Consumer Protection and Regulatory Certainty Ahead of CFPB Hearing — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has submitted a letter to the Senate Committee on Banking, Housing, and Urban Affairs ahead of the Committee’s July 23 confirmation hearing…
- Block To Pay $45 Million Over Cash App Fraud Allegations In 46-State Settlement — SAN FRANCISCO— Block Inc., the parent company of Cash App, has agreed to pay $45 million to settle a multistate investigation alleging it misled consumers about the app's fraud protections and…
- Hidden Debit Costs May Be Draining Millions From Financial Institutions — NEW YORK--A seemingly small decline in debit card authorization performance can translate into significant lost revenue for financial institutions, according to new research from PYMNTS…
- Members Approve LOC, Advantage One Merger; Combined CU Nears $750M — FARMINGTON, Mich.— Members of Advantage One Credit Union have overwhelmingly approved the institution's merger with Farmington-based LOC Credit Union, paving the way for the combined organization to…
- Congress' Final Sprint: Credit Union Groups Eye Busy Week On Capitol Hill — WASHINGTON— The Defense Credit Union Council and America’s Credit Unions are warning this could be one of the busiest legislative weeks before Congress leaves for its August recess, with lawmakers…
- DCUC Urges Congress To Shield Military Families From Future Shutdowns — WASHINGTON—Monday, the Defense Credit Union Council submitted comments to the House Appropriations Committee ahead of its hearing, "Funding Lapses: Analyzing Shutdown Reform," urging Congress to…
- DCUC Urges Congress To Strengthen FHLBank Access For Credit Unions — WASHINGTON—The Defense Credit Union Council Monday submitted comments to the House Financial Services Subcommittee on Housing and Insurance ahead of its hearing, "Oversight of the Federal Home Loan…
- DCUC Urges Congress To Modernize AML Rules, Expand AI Use In Fight Against Fraud — WASHINGTON— The Defense Credit Union Council on Monday urged Congress to modernize anti-money laundering oversight, telling a House Financial Services subcommittee that credit unions serving…
- DCUC Supports Main Street Capital Access Act, Encourages Follow-Up Credit Union Legislative Package — WASHINGTON—The Defense Credit Union Council Monday announced its support for H.R. 6955, the Main Street Capital Access Act, and urged Congress to pass the legislation. In a letter to House Financial…
- Cordray, Gruenberg Back Colorado In High-Stakes Interest Rate Appeal — DENVER—Former FDIC Chairman Martin Gruenberg and former Consumer Financial Protection Bureau Director Richard Cordray are urging the full Tenth Circuit to allow Colorado to enforce its interest-rate…
- World Credit Union Conference Opens In Sydney With Parade Of Flags, Global Focus — SYDNEY, Australia—The 2026 World Credit Union Conference officially opened Sunday with its signature Parade of Flags, as more than 2,400 credit union professionals from 39 countries gathered in…
- America's Credit Unions Urges NCUA To Fine-Tune GENIUS Act Stablecoin Rule — WASHINGTON--As NCUA works to implement the GENIUS Act, America’s Credit Unions submitted comments on the proposal Friday. NCUA’s proposal contains core operational requirements for agency-licensed…
- DCUC Welcomes Calhoun Liberty Credit Union as Newest Member — WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) is pleased to announce that Calhoun Liberty Credit Union, headquartered in Blountstown, Florida, has joined DCUC as its newest member.…
- DCUC, On Behalf of Credit Unions, Presents Recommendations to Strengthen Housing Finance and Community Liquidity — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) submitted official comments to the House Financial Services Subcommittee on Housing and Insurance ahead of its hearing, "Oversight of…
- DCUC Official Comments on Behalf of Credit Unions to House Appropriations, Prioritizing Military Pay Protection — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) submitted official comments to the House Appropriations Committee ahead of its hearing, "Funding Lapses: Analyzing Shutdown Reform,"…
- DCUC Brings Credit Union Perspective to House Subcommittee Hearing, Calls for Modernized Anti-Financial Crime Framework — Comments to House Subcommittee call for smarter regulation, stronger public-private partnerships, and enhanced tools to combat evolving fraud threats targeting servicemembers and veterans.…
- St. Louis Leads Nation As Credit Card Delinquencies Improve, WalletHub Finds — MIAMI—Credit card delinquency rates improved across most major U.S. cities over the past year, with St. Louis posting the largest decline, according to a new analysis by WalletHub. Using proprietary…
- ESCUD Urges Incoming NCUA Chair To Ease 'Examination Exhaustion' At Small CUs — KENNEWICK, Wash.— As the Senate advances confirmation of John Crews as the next NCUA chairman, the Endangered Small Credit Union Defense (ESCUD) has sent a letter calling for immediate relief from…
- Trump Backs Darline Graham For Senate Bid If She Enters South Carolina GOP Primary — WASHINGTON—President Donald Trump on Friday publicly endorsed Sen. Darline Graham (R-SC) should she decide to seek a full Senate term, saying he urged the recently appointed senator during a White…
- House GOP Unveils Stopgap Funding Bill; DCUC Says Measure Avoids Shutdown, Leaves CU Priorities Unchanged — WASHINGTON—House Republicans on Friday released a continuing resolution that would fund most federal agencies at fiscal 2026 levels through Dec. 4, setting up a vote expected next week as Congress…
- DCUC Supports NCUA’s Proposed Stablecoin Framework, Recommends Greater Clarity And Flexibility — WASHINGTON — The Defense Credit Union Council Friday filed a comment letter with NCUA in response to the agency’s proposed rule implementing portions of the Guiding and Establishing National…
- Is Your Credit Union Visible to AI? Members Are Asking Ai Where To Bank — DURHAM, N.C.--Consumers are increasingly asking AI assistants the money questions they used to type into Google: "where can I get a car loan near me," "best credit union for a first time homebuyer,"…
- Lumin Digital Raises $115 Million, Valuation Climbs To $1.6 Billion — SAN RAMON, Calif.—Lumin Digital said it has raised more than $115 million in new capital to accelerate product development and expand its cloud-based digital banking platform, including more than…
- Federal Bank Regulators Tighten Security Rules For Sensitive Exam Data — WASHINGTON—Federal banking regulators have unveiled new procedures for handling highly sensitive information during bank examinations, allowing institutions to designate certain data and documents…
- PAHO/WHO FCU To Rebrand As Bienestar Federal Credit Union — WASHINGTON— PAHO/WHO FCU will change its name to Bienestar Federal Credit Union effective Sept. 1, the CU announced, saying the new brand better reflects its longstanding focus on financial wellness…
- Fed's Jefferson Says Rate Stance Could Change If Inflation Doesn't Cool — STANFORD, Calif.—Federal Reserve Vice Chair Philip Jefferson said the central bank is navigating an unusually complex mix of economic shocks—from higher energy prices and trade policy changes to the…
- America's CUs Panel Identifies Next Round Of Small CU Priorities — WASHINGTON--Continuing its effort to identify and tackle the biggest challenges facing smaller credit unions, America's Credit Unions' Small Credit Union Advocacy Advisory Panel met Thursday to…
- DCUC, ACU Join Broad Financial Services Coalition In Support Of American Lending Fairness Act — WASHINGTON – The Defense Credit Union Council Thursday said it joined 10 national financial services trade associations in urging congressional leaders to support the bipartisan American Lending…
- Velera: Card Spending Hits Fastest Pace In Nearly Four Years — TAMPA--Debit and credit card spending accelerated to its fastest pace in nearly four years during June, led by purchases of goods and essential expenses, according to the latest Velera Payments…
- Small Credit Unions Gain Ground In Push For Smarter Examinations — KENNEWICK, Wash.--The Endangered Small Credit Union Defense (ESCUD) is urging the Federal Financial Institutions Examination Council to finalize proposed changes to the CAMELS rating system, calling…
- Scam Epidemic: Four In 10 Americans Targeted Daily, $68 Billion Lost — WASHINGTON— Americans lost an estimated $68 billion to scams in 2025—more than four times the amount reported to federal authorities—suggesting the true cost of fraud is far larger than official…
- Capital One Seeks Dismissal Of Suit Over Forfeited Credit Card Rewards — RICHMOND, Va.—Capital One N.A. has asked a Virginia federal judge to dismiss a proposed class action accusing the bank of improperly wiping out billions of dollars in earned credit card rewards…
- TransUnion Adds Alternative Credit Data To Mortgage Reports — CHICAGO—TransUnion said it has enhanced its mortgage credit reports by adding TruVision Alternative Credit Attributes (ACA 2.0) from its FactorTrust Alternative Lending Database, giving lenders…
- 30-Year Mortgage Rate Rises To 6.55% — MCLEAN, Va.—The average rate on a 30-year fixed mortgage edged higher this week to 6.55%, up from 6.49% a week earlier, while remaining below the 6.75% level recorded a year ago, Freddie Mac…
- DCUC Urges Congress To Guarantee Credit Union Access And Parity In Final CLARITY Act — WASHINGTON – The Defense Credit Union Council Thursday sent a letter to Chairman Bryan Steil and Ranking Member Stephen F. Lynch of the House Financial Services Subcommittee on Digital Assets,…
- Dimon Warns Powerful AI Models Could Put 'Ballistic Missiles' In Individuals' Hands — NEW YORK—JPMorgan Chase CEO Jamie Dimon warned that broad public access to Anthropic's most advanced Mythos-class artificial intelligence models poses significant national security risks, saying the…
- America's Credit Unions Breaks Down NCUA's New Reputation Risk Rule — WASHINGTON--NCUA recently finalized its rule eliminating reputation risk from its supervisory framework, which takes effect July 27. In its latest Final Rule Summary, America’s Credit Unions…
- Vought Backs CFPB Overhaul, Raising Supervision Threshold To $21B — WASHINGTON--Acting CFPB Director Russell Vought expressed support for several Bureau reforms that would provide credit unions with regulatory relief in testimony before the House Financial Services…
- DCUC Joins Broad Financial Services Coalition in Support of American Lending Fairness Act — DCUC Joins Broad Financial Services Coalition in Support of American Lending Fairness Act
- DCUC Urges Treasury To Withdraw New 5-Year CDFI Recertification Mandate — WASHINGTON —The Defense Credit Union Council Wednesday called on U.S. Treasury Secretary Scott Bessent to immediately suspend and withdraw a new Community Development Financial Institutions (CDFI)…
- Filene Launches Center To Help CUs Stand Out, Strengthen Member Loyalty — MADISON, Wis.—Filene Research Institute has launched a new Center of Excellence focused on helping credit unions sharpen their value propositions and tell more compelling stories in an increasingly…
- IMF Warns Tokenized Finance Could Reshape Global Financial System — WASHINGTON— The rapid growth of tokenized finance could reshape the global financial system, creating opportunities for greater efficiency while introducing new risks that regulators must address,…
- White House Rolls Out AI-Driven Cybersecurity Clearinghouse — WASHINGTON— The Trump Administration has launched GOLD EAGLE, a new public-private cybersecurity clearinghouse designed to use artificial intelligence to identify, prioritize and accelerate the…
- Vought Defends CFPB Overhaul, Clashes With Democrats At Hearing — WASHINGTON—Outgoing acting Consumer Financial Protection Bureau Director Russell Vought defended the Trump Administration's sweeping overhaul of the CFPB during a contentious House Financial…
- Pollster Molly Murphy To Discuss Midterms At Congressional Caucus — WASHINGTON — President of Impact Research and seasoned pollster Molly Murphy will provide a keynote address followed by a fireside chat at America's Credit Unions Congressional Caucus 2026. The…
- BankSocial Launches AI Accelerator, Selects First Startup — DALLAS— BankSocial has selected Axivus Corp., an artificial intelligence startup founded by undergraduate students from Duke University and the University of North Carolina, as the inaugural…
- DCUC Urges Treasury To Withdraw New Five-Year CDFI Recertification Mandate — WASHINGTON — The Defense Credit Union Council Wednesday called on U.S. Treasury Secretary Scott Bessent to immediately suspend and withdraw a new Community Development Financial Institutions (CDFI)…
- DCUC Applauds House Passage Of Three Financial Services Bills — WASHINGTON– The Defense Credit Union Council Wednesday applauded the U.S. House of Representatives for passing three bills from the House Committee on Financial Services on July 14: H.R. 3074, the…
- Bipartisan Bills Target Senior Fraud, Strengthen SBA Lending Oversight — WASHINGTON--Two bills introduced Tuesday would help credit unions protect senior members and provide oversight over a key Small Business Administration (SBA) lending program, America's Credit Unions…
- America's Credit Unions Pushes CFPB Reforms Ahead Of Vought Testimony — WASHINGTON--Ahead of acting CFPB Director Russell Vought's testimony before the House Financial Services Committee on Wednesday, America’s Credit Unions sent a letter to the panel urging regulatory…
- House Unanimously Passes Common Cents Act As Penny Production Ends — WASHINGTON--The House passed bipartisan legislation addressing the end of penny production with a unanimous voice vote Tuesday, reported America’s Credit Unions, which noted it encouraged the…
- Big Banks Accelerate Rollout Of AI 'Digital Employees' — WASHINGTON—Major banks are rapidly expanding the use of agentic artificial intelligence, deploying digital assistants that can work alongside employees and perform tasks with minimal human…
- TruStage Shuts Down Network After Detecting Cybersecurity Incident — MADISON, Wis.—TruStage said it has shut down its network after detecting a cybersecurity incident, with the insurer telling business partners it took the systems offline as a precaution while it…
- Senate Democrats Block $1.15 Trillion Defense Bill Over Iran, Spending Dispute — WASHINGTON—Senate Democrats on Tuesday blocked debate on a $1.15 trillion National Defense Authorization Act, dealing a setback to Republicans' effort to advance President Donald Trump's defense…
- Progress Urges Customers To Shut Down ShareFile Servers Amid Active Cyber Threat — BURLINGTON, Mass.--Progress Software is urging organizations using self-managed ShareFile Storage Zone Controllers to immediately shut down their on-premises servers after identifying what it called…
- SWBC Announces Strategic Partnership With Covered — SAN ANTONIO--SWBC Tuesday announced a new partnership with Covered Insurance Solutions, a leading digital insurance platform purpose-built for the mortgage industry. According to SWBC, the…
- Warsh Reaffirms Inflation Fight, Signals No Retreat Despite Cooling CPI — WASHINGTON—Federal Reserve Chairman Kevin Warsh used his first appearance before Congress to reaffirm the central bank's commitment to defeating inflation, declaring the Fed has "no tolerance" for…
- Cooling Inflation Eases Pressure On Fed Ahead Of Warsh Testimony — WASHINGTON—U.S. consumer inflation cooled more than expected in June, giving the Federal Reserve fresh evidence that price pressures are easing while reducing expectations of a near-term interest…
- DCUC Urges Senate To Strengthen Fraud Prevention And Recognize Credit Unions’ Frontline Role — WASHINGTON — The Defense Credit Union Council today sent a letter to Senate Committee on Homeland Security and Governmental Affairs Chairman Rand Paul and Ranking Member Gary C. Peters ahead of the…
- Banks Push Senate To Tighten Stablecoin Bill, Warn Of Deposit Flight Risk — WASHINGTON—The American Bankers Association, the Independent Community Bankers of America and 76 state banking associations are urging Senate leaders to revise the Clarity Act, warning that the…
- America's Credit Unions Presses Fed On Interchange, Payments And Check Fraud Ahead of Warsh Hearing — WASHINGTON--With Federal Reserve Chair Kevin Warsh scheduled to appear before the House Financial Services Committee Tuesday, America’s Credit Unions submitted a letter for the hearing’s record on…
- Drive-Thru Disaster: Fleeing Suspect Slams Pickup Into Credit Union, Escapes On Foot — ROCK ISLAND, Ill.—A man fleeing a traffic stop crashed his pickup truck into the drive-thru of a credit union Friday morning before abandoning the vehicle and escaping on foot, according to KWQC.…
- WOCCU, Visa Complete First Cross-Border Credit Union Remittance Pilot — MADISON, Wis.—The World Council of Credit Unions (WOCCU) and Visa said they have completed what they describe as one of the first cross-border digital remittance pilots connecting credit union…
- Bowman Outlines Global Plan To Modernize Bank Oversight — LONDON—Federal Reserve Vice Chair for Supervision Michelle Bowman called for a broad modernization of bank regulation Monday, arguing supervisors must focus on material financial risks, tailor…
- Circle Wins OCC Approval For National Trust Bank Charter — NEW YORK—Stablecoin issuer Circle has received final approval from the Office of the Comptroller of the Currency to establish a national trust bank, marking a significant step in bringing digital…
- Consumers Cut Meals, Medical Care As Financial Health Worsens — TROY, Mich.--The share of financially unhealthy U.S. consumers climbed to 71% in May, the highest level since January, as persistent inflation forced more households to cut both discretionary…
- ACU Urges House To Advance Common Cents Act As Penny Production Ends — WASHINGTON—America's Credit Unions is urging House leaders to approve the Common Cents Act (H.R. 3704), arguing the legislation would provide needed certainty for credit unions, businesses and…
- Trump Urges Senate To Pass CLARITY Act In Honor Of Lindsey Graham — WASHINGTON— President Donald Trump on Monday urged the Senate to pass the CLARITY Act, the chamber's sweeping cryptocurrency market structure legislation, saying approval would honor the memory of…
- Credit Union Priorities Crowd Congress' Return: Tax Status, NCUA Nominee, CLARITY In Focus — WASHINGTON— Both America's Credit Unions and the Defense Credit Union Council are forecasting a pivotal week on Capitol Hill as lawmakers return from the July 4 recess, with the credit union trade…
- ALM First, M&A Leadership Council Introduce NEW M&A Solution For Credit Unions — DALLAS--As merger activity accelerates across the credit union industry, ALM First and the M&A Leadership Council have launched a new web-based platform designed to help credit unions manage…
- New Federal Guidance Says Immigration Status Can Increase Credit Risk For Lenders — WASHINGTON— Federal banking regulators and NCUA have jointly warned financial institutions that lending to borrowers who are not legally authorized to work in the United States presents heightened…
- Agencies Issue Guidance on Lending to Individuals Not Legally Authorized to Work in the United States — (July 13, 2026) ― The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the agencies) today issued…
- DCUC Urges Congress to Protect Military Financial Readiness in CFPB and Federal Reserve Oversight — Four letters call for accountable CFPB reform, tailored regulation, secure payment innovation, and continued focus on servicemembers, veterans, and military families. WASHINGTON, DC – The Defense…
- DCUC Urges Congress to Strengthen Fraud Prevention and Protect Military and Veteran Communities — Defense credit unions stand ready to partner with Congress, federal agencies, and law enforcement to combat emerging fraud threats. WASHINGTON, D.C. — The Defense Credit Union Council today sent a…
- Lindsey Graham Dies At 71 After Brief Illness; SC Governor To Appoint Interim Successor — WASHINGTON—Sen. Lindsey Graham has died at age 71 following what his office described as a "brief and sudden illness." Graham died Saturday evening after returning from a congressional trip to…
- Frozen Account Foils Alleged Check Fraud Scheme At Barksdale FCU; Two Arrested — SHREVEPORT, La.—An attempted check-fraud transaction at Barksdale FCU led to the arrests of two suspects after the credit union had already frozen the affected account following alleged fraudulent…
- Plasma Executive Says Stablecoins' Biggest Opportunity Is Replacing Banks, Not Cards — NEW YORK--Stablecoins are unlikely to gain widespread adoption at retail checkouts in developed markets, but they could become the primary banking relationship for consumers in underserved regions…
- CFPB's Late-Fee Review May Produce More Politics Than Policy, Attorney Says — WASHINGTON—The CFPB's decision to reopen its review of credit card late fees is more likely to produce a lengthy fact-finding process than meaningful regulatory change, according to one attorney who…
- Fraud Growing More Sophisticated, Forcing Credit Unions to Rethink Defenses, Report Finds — NEW YORK--Fraud is becoming more coordinated, more sophisticated and increasingly difficult for credit unions to detect, forcing many institutions to move beyond traditional security systems that…
- Housing Bill Becomes Law Without Trump's Signature — WASHINGTON—The sweeping bipartisan 21st Century ROAD to Housing Act became law Saturday without President Donald Trump's signature after he allowed the constitutional signing deadline to expire,…
- NCUA Conserves WeDevelopment FCU After Net Worth Falls To Negative 7.29% — KANSAS CITY, Mo.--NCUA Friday conserved $2.63-million WeDevelopment FCU here, the agency announced. NCUA said it made the move because of unsafe and unsound practices at the credit union. Call…
- Trump Refuses--Again--To Sign Housing Bill; Measure Still Set To Become Law — WASHINGTON—President Donald Trump said Friday he will not sign the bipartisan 21st Century ROAD to Housing Act, but the measure is still expected to become law automatically at midnight Friday into…
- NCUA Highlights Anti-Fraud And Other Updates In FinCEN’s Revised 314(b) Program Guidance — ALEXANDRIA, Va.--NCUA is highlighting anti-fraud and other updates published in recently revised 314(b) guidance by the Financial Crimes Enforcement Network (FinCEN), the agency announced. "Credit…
- ACU Pushes Senate To Advance CLF, CDFI, Deposit Insurance Amendments In NDAA — WASHINGTON--With the Senate expected to consider the FY27 National Defense Authorization Act (NDAA) when they return to Washington, America’s Credit Unions addressed several key amendments submitted…
- WeDevelopment Federal Credit Union Conserved — Alexandria, VA (July 10, 2026) – The National Credit Union Administration (NCUA) today placed WeDevelopment Federal Credit Union (FCU) in Kansas City, Missouri, into conservatorship. Member services…
- Bank, Credit Union Groups Back NCUA Rule Shielding Interchange Fees From Illinois Law — WASHINGTON—America's Credit Unions, the Illinois Credit Union League, the American Bankers Association and the Illinois Bankers Association urged the National Credit Union Administration to stand by…
- MPC Urges NCUA To Withdraw Illinois Swipe Fee Preemption Rule — WASHINGTON—The Merchants Payments Coalition (MPC) is urging NCUA to rescind its interim final rule preempting Illinois' Interchange Fee Prohibition Act for federally chartered credit unions, arguing…
- Human Intervention Stops $9.6 Million In Elder Fraud At Patelco — DUBLIN, Calif.— The $9.5-billion Patelco CU said it prevented nearly $9.6 million in potential fraud losses during the first year of its Senior Advocate Program, highlighting both the growing…
- AI Is Changing How Credit Decisions Are Made — NEW YORK--Credit decisions are increasingly being driven by consumers' real-time financial behavior rather than traditional static credit scores, a shift that promises more accurate underwriting…
- Alloya's Loan Participation Platform Exceeds $4 Billion — NAPERVILLE, Ill.--Alloya's industry-leading Loan Participation Platform recently exceeded $4 billion in loan participation transactions, the corporate announced. Launched in 2021 with the goal of…
- DCUC Salutes Travis CU, Otero FCU For Air Force Distinguished Awards — WASHINGTON— The Defense Credit Union Council said two of its member institutions—Travis Credit Union and Otero Federal Credit Union—have been named the Department of the Air Force's 2025…
- Freddie Mac: 30-Year Mortgage Rate Rises To 6.49% — MCLEAN, Va.— Mortgage rates edged higher this week but remained in the mid-6% range, with the average rate on a 30-year fixed-rate mortgage climbing to 6.49%, according to the latest weekly survey…
- Warren Warns Citi Against Any Acquisition, Citing Compliance Failures — WASHINGTON— Sen. Elizabeth Warren, the top Democrat on the Senate Banking Committee, is urging Citigroup to abandon any plans for a major acquisition, arguing the bank's size, compliance record and…
- CFPB Seeks Input On Mortgage Rule Changes To Ease Regulatory Burden — WASHINGTON--A CFPB request for information published Thursday tackles regulatory changes to reduce burdens and promote access to mortgage credit, America's Credit Unions reported. The issued request…
- ACU Holds The Line On Dues, Promises No Increase For 2027 — WASHINGTON--America’s Credit Unions said it is freezing its dues next year, keeping members’ invoiced amount in 2026 at the same level for 2027. The decision, ACU said, underscores the…
- DCUC Congratulates Travis Credit Union and Otero Federal Credit Union as 2025 Air Force Credit Union of the Year Winners — WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) is honored to announce that Travis Credit Union (Travis Air Force Base) and Otero Federal Credit Union (Holloman Air Force Base) have been…
- CashCall Accuses CFPB Of ‘Rug Pull’ Over $157M Judgment Talks — SACRAMENTO, Calif.--Lender CashCall Inc. is asking a California federal judge to vacate a $134 million restitution order after accusing the CFPB of walking away from talks to reduce a total $157…
- Who Gets the Money? Bank Asks Court To Decide Fate of Millions In CashCall-CFPB Fight — LOS ANGELES—CashCall’s long-running fight with the CFPB over a $157-million judgment has now pulled Merchants Bank of Indiana into court, with the bank asking a California federal judge to decide…
- Study: 75% Of Banks, CUs Eye Payments Technology Upgrades — NEW YORK — Three-quarters of U.S. banks and credit unions are evaluating or planning to evaluate new receivables and payment processing technology within the next 18 months, signaling a major…
- Fed Proposes Risk-Based Overhaul Of AML Rules For Banks — WASHINGTON— The Federal Reserve has proposed changes to its anti-money laundering (AML) requirements that would shift banks toward a more risk-based approach, directing compliance resources toward…
- CFPB Launching Fresh Look At Credit Card Penalty Fees — WASHINGTON— The CFPB is preparing to reopen its examination of credit card late fees, signaling the agency is considering new regulatory action on a consumer affordability issue that has remained…
- DCUC Supports NCUA Interim Final Rule On Federal Credit Union Fee Authority — WASHINGTON--The Defense Credit Union Council wrote to NCUA expressing support for the agency’s interim final rule clarifying federal credit union authority to assess and receive non-interest charges…
- NCUA Makes $13 Million Available In Low-Interest Loans For LICUs — ALEXANDRIA, Va. ― NCUA Wednesday announced that $13 million is available for loans to low-income-designated credit unions under the Community Development Revolving Loan Fund (CDRLF). Loans will be…
- Big Banks Eye Way Around Debit Fee Caps In Fiserv Deal — NEW YORK— Some of the nation's largest banks are exploring a deal to acquire a debit card payments network from Fiserv in a move that could allow them to sidestep federal limits on debit interchange…
- Fiserv President Exits Weeks After CEO Shakeup — MILWAUKEE—Fiserv President Dhivya Suryadevara has resigned, effective July 7, citing "good reason" under the terms of her employment agreement following the company's recent leadership changes,…
- CDRLF Loan Program Offers Additional Opportunities — Alexandria, VA (July 8, 2026) ― The National Credit Union Administration (NCUA) today announced that $13 million is available for loans to low-income-designated (LID) credit unions under the…
- DCUC Backs Higher DIMIA Thresholds, Urges NCUA To Preserve Diversity Safeguards — WASHINGTON--The Defense Credit Union Council recently submitted two comment letters to NCUA addressing proposed regulatory changes affecting credit unions. In its first letter filed on Thursday,…
- 'Go Get More Yield': Ex-SVB Executive Says CFO Pushed Riskier Investment Strategy — SAN FRANCISCO—A former Silicon Valley Bank executive testified he felt pressure from the bank’s then-CFO to chase “more yield” by adding riskier assets to SVB’s securities portfolio, according to…
- Auto Loan Refinancing Surges As Falling Rates Drive Consumer Savings — NEW YORK--Auto loan refinancing is gaining momentum as falling interest rates and persistent affordability pressures prompt more consumers to seek lower monthly payments, according to reporting by…
- ECB Orders Banks To Prepare AI Cyber Defense Plans By Oct. 31 — FRANKFURT, Germany—The European Central Bank has given eurozone banks until Oct. 31 to develop plans for countering AI-enabled cyber threats, taking what Reuters described as a more prescriptive…
- Banks Ramp Up Cyber Spending As AI Reshapes Industry Priorities — NEW YORK—Artificial intelligence is rapidly becoming the defining force shaping banking strategy, with 80% of banking executives now expecting AI to significantly disrupt their business and…
- Fed's Bowman Pushes 'Lighter Touch' Oversight For Lower-Risk AI Uses — BASEL, Switzerland—Federal Reserve Vice Chair for Supervision Michelle Bowman said financial regulators should take a proportional, risk-based approach to overseeing artificial intelligence, arguing…
- Corporate Central Recertified As A Great Place To Work — MILWAUKEE – Corporate Central has been recertified as a Great Place To Work for 2026, the organization announced. The recognition is based entirely on feedback from current employees about their…
- BlastPoint To Reveal The 3 Data-Backed Moves Behind Q1 2026's Fastest-Growing CUs In July 23 Webinar — PITTSBURGH — BlastPoint, the customer intelligence platform that helps credit unions turn data into growth, has announced a live webinar, "The 3 Moves Behind Q1's Fastest-Growing Credit Unions," to…
- NC Gov. Stein Signs Sweeping Credit Union Modernization Bill After Four-Year Push — RALEIGH, N.C.--North Carolina’s credit unions reached a historic milestone last week with Gov. Josh Stein signing SB 595 into law, modernizing the state’s credit union statutes, and strengthening…
- ACU Backs NCUA Plan To Modernize 30-Year-Old Interlocks Thresholds — WASHINGTON—America’s Credit Unions is backing the NCUA’s proposal to increase the major assets prohibition thresholds under the agency’s regulation implementing the Depository Institution Management…
- DCUC Provides Comments to NCUA on DIMIA Thresholds and Share Insurance Requirements — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has recently submitted two comment letters to the National Credit Union Administration (NCUA) addressing proposed regulatory changes…
- Leadership Transition At $367M Mass Bay CU As Kelli Cullen Takes Top Post — SOUTH BOSTON, Mass.—The $367-million Mass Bay Credit Union has named Chief Operating Officer Kelli Cullen as its next president and CEO, succeeding retiring CEO Terry Dorilas, according to AOL.com.…
- Judge Declines To Certify Wells Fargo Cash Sweep Class—For Now — SAN FRANCISCO--A California federal judge has declined to certify a proposed nationwide class of Wells Fargo customers who allege the bank underpaid interest on cash sweep accounts, ruling that…
- As SVB's Risk Rating Sank, CEO Cashed Out Nearly $30M, Court Hears — SAN FRANCISCO—Former Silicon Valley Bank CEO Greg Becker testified during a California federal bench trial that he received millions of dollars in compensation and sold nearly $30 million in company…
- The Next Payments Revolution? Machines Shopping, Comparing And Paying On Their Own — NEW YORK--For nearly six decades, Mastercard has built its business around a simple challenge: creating trust between parties that have never met. In the age of artificial intelligence, the company…
- Verve, A Credit Union Teams With Chicago White Sox In Multiyear Partnership — OSHKOSH, Wis.— The $1.6-billion Verve, a Credit Union, has entered into a multiyear partnership with the Chicago White Sox, a move the credit union said will expand its presence in the Chicago…
- Federal Regulators Split Over Strategy To Scrap Biden-Era CRA Rules — WASHINGTON—Federal banking regulators are diverging in how they plan to unwind the Biden Administration's overhaul of the Community Reinvestment Act (CRA), with the Federal Reserve remaining in…
- Waller Warns Rigid Forward Guidance Can Delay Fed Action, Weaken Policy Transmission — ROME, Italy—Federal Reserve Governor Christopher J. Waller said central banks must focus on current economic conditions rather than historical averages when setting monetary policy, arguing that the…
- Western Vista Credit Union Joins DCUC — CHEYENNE, Wyom.--The $281-million Western Vista Credit Union has become the newest members of the Defense Credit Union Council, DCUC announced. "Joining the Defense Credit Union Council reflects our…
- DCUC Welcomes Western Vista Credit Union as New Member — DCUC Welcomes Western Vista Credit Union as New Member
- Supreme Court Decision Alters Roadmap for CFPB Reform, Analysts Argues — WASHINGTON—The U.S. Supreme Court's recent decision strengthening presidential authority over independent federal agencies has fundamentally changed the debate over reforming the CFPB, according to…
- Harper, Otsuka Double Down, Say NCUA Deserves Fed-Like Independence — WASHINGTON— Former NCUA Board Members Todd Harper and Tanya Otsuka are pressing ahead with their legal challenge to President Trump's removal of them from the agency, arguing the NCUA should be…
- ICBA Revives Call For Credit Union Form 990 Filing After Jackson Area FCU Scandal — WASHINGTON—The Independent Community Bankers of America is renewing its longstanding call for Congress and the Treasury Department to require federal credit unions to file IRS Form 990 information…
- U.S. Hiring Slows Sharply in June As Payroll Growth Misses Forecasts — WASHINGTON—U.S. employers added just 57,000 jobs in June, well below economists' expectations of approximately 110,000, signaling a significant cooling in the labor market even as the unemployment…
- Mortgage Rates Fall To Seven-Week Low As Homebuyer Demand Edges Higher — Mortgage Rates Fall To Seven-Week Low As Homebuyer Demand Edges Higher
- Velera Board Appoints Three New Associate Directors — Velera Board Appoints Three New Associate Directors
- Florida Launches Antitrust Probe Into FICO, Alleges Credit Score Giant Abused Monopoly Power — TALLAHASSEE, Fla.— Florida Attorney General James Uthmeier has opened an antitrust investigation into Fair Isaac Corp. (FICO), alleging the company may have abused its dominant position in the…
- FDIC Expert: 'I Would've Been Fired' For Running A Bank Like SVB — FDIC Expert: 'I Would've Been Fired' For Running A Bank Like SVB
- Credit Union-Backed Candidates Go 7-for-8 In Colorado Primaries — Credit Union-Backed Candidates Go 7-for-8 In Colorado Primaries
- America's Credit Unions Clarifies What Credit Unions Can—And Can't—Do With New Trump Accounts — WASHINGTON--With Trump Accounts set to officially launch July 4, America’s Credit Unions updated its frequently asked questions document to clarify the role of credit unions now and in the future.…
- AI Can Pick The Payment Plan—But Consumers Still Want The Final Say — NEW YORK--A growing number of consumers are willing to let artificial intelligence help choose how they finance purchases, but they draw a firm line at giving up control, according to new research…
- Judge Tosses $4M Romance Scam Suit Against Citibank — NEW YORK—A federal judge in New York has dismissed a lawsuit accusing Citibank of ignoring warning signs that allowed scammers to steal nearly $4 million from a Texas man's family trusts in a…
- DCUC, ACU Join National Coalition In Joint Trade Letter On FHA Property Standard Reform — WASHINGTON--This week, the Defense Credit Union Council joined a coalition of trade groups, including America's Credit Unions, in a joint letter to Joseph M. Gormley, Assistant Secretary for…
- DCUC Provides Credit Union Priorities Ahead Of House Financial Services Markup — WASHINGTON--The Defense Credit Union Council recently submitted recommendations on behalf of credit unions to House Financial Services Committee leadership, providing a full analysis and vote…
- Fed: Credit Card Use Outpaced Debit Growth for First Time In Nearly A Decade — WASHINGTON—Americans continued shifting away from checks and cash in 2024, with the number of noncash payments climbing to a record 236.6 billion and credit card use growing faster than debit card…
- Warsh Says Fed Independence, 2% Inflation Target Will Hold — SINTRA, Portugal—Federal Reserve Chairman Kevin Warsh used his appearance at the European Central Bank Forum on Central Banking to stress that the Fed will remain independent and committed to its 2%…
- Warren Presses Capital One Over CFPB Nominee’s Role In Dropped Suit — WASHINGTON—Sen. Elizabeth Warren (D-MA) is pressing Capital One to disclose whether executive Brian Johnson, President Donald Trump’s nominee to run the CFPB, had any role in the agency’s decision…
- Kansas Enacts New Fraud Law, Giving Credit Unions More Tools To Protect Members — TOPEKA, Kans.--Following a year-long Fight the Fraud campaign, Kansas credit unions saw legislative success in implementing fraud prevention measures as Gov. Laura Kelly signed HB 2591, America's…
- DCUC Joins National Coalition in Joint Trade Letter on FHA Property Standard Reform — WASHINGTON, DC – The Defense Credit Union Council (DCUC) recently joined a coalition of trade groups, including America's Credit Unions, the American Bankers Association, Broker Action Coalition,…