Credit Union News — August 2026
Credit union industry reporting published in August 2026.
- Blockchain Association Challenges Stablecoin ‘Deposit Flight’ Warnings — WASHINGTON—The Blockchain Association is challenging warnings that stablecoins will drain deposits from community financial institutions, arguing there is little evidence of such an exodus and that…
- VyStar Pledges $5 Million To University Of Florida’s Jacksonville Campus — JACKSONVILLE, Fla.—VyStar Credit Union has pledged $5 million over five years to support the University of Florida’s new graduate campus in downtown Jacksonville, building on the $14-billion credit…
- FSB Warns Frontier AI Could Magnify Cyber Risks Across Financial System — BASEL, Switzerland—Frontier artificial intelligence could dramatically increase the speed, scale and affordability of cyberattacks, potentially undermining confidence across the global financial…
- VolCorp, Veep Announce EWA Agreement With Navigator Credit Union — NASHVILLE--Volunteer Corporate Credit Union and Veep, a leading AI-powered fintech, have agreed to a new partnership with Navigator Credit Union, based in Moss Point, Miss. This agreement brings…
- Credit Union Priorities Face Tight Window As Congress Returns — WASHINGTON—Credit union legislation is unlikely to advance on its own during the dwindling days of the current Congress, forcing advocates to attach their priorities to a small number of must-pass…
- Barclays Now Sees Two Fed Rate Hikes This Year — NEW YORK--Barclays now expects the Federal Reserve to raise interest rates by 25 basis points in September and again in December after Fed Chair Kevin Warsh delivered what the brokerage called a…
- Massachusetts Enacts Credit Union Board Compensation Law — BOSTON--A Massachusetts bill supported by the Cooperative Credit Union Association (CCUA) was signed into law by Gov. Maura Healey. H.1338/S.821, An Act Allowing Fair Compensation of Massachusetts…
- America’s Credit Unions Maps State-By-State AI Requirements — WASHINGTON--A high-level overview of state-level artificial intelligence legislation that may impact credit unions is now available from America’s Credit Unions, the trade group announced. The new…
- Credit Unions Press Congressional Priorities During August Recess — WASHINGTON--Congressional recess provided opportunities for America’s Credit Unions, leagues, and credit unions to engage with members of Congress back home, and many met with key legislators in…
- Instant Payments Surge, But Smaller Credit Unions Are Falling Behind — NEW YORK--Financial institutions are rapidly embracing instant business-to-business payments, but smaller banks and credit unions are significantly behind their largest competitors, according to new…
- Debt Settlement May Damage Credit Scores More Than Bankruptcy, TransUnion Finds — CHICAGO—Consumers enrolling in third-party debt settlement programs may experience significantly larger credit score declines than consumers filing for bankruptcy, according to a new TransUnion…
- Virginia Senator Presses Navy Federal To Provide Relief To ‘Parking Lot Scam’ Victims — VIENNA, Va.—A Virginia state senator is pressing Navy Federal Credit Union to provide relief to members who say they are being required to repay personal loans fraudulently opened through their…
- $95M JAFCU Case Update: NCUA Says Stolen Funds Bought Luxury Home — JACKSON, Miss.—Federal regulators allege former Jackson Area Federal Credit Union CEO Leigh Bridges and her husband bought their Jackson home four days after transferring $1.227 million in allegedly…
- Stripe, Advent Walk Away From $53B PayPal Bid — SAN JOSE, Calif.— Stripe and private-equity firm Advent International have ended their effort to acquire PayPal Holdings after previously offering $60.50 per share, or approximately $53 billion, for…
- SWIVEL Now Available Within Temenos Digital Collector — SAN ANTONIO-- SWIVEL, a subsidiary of SWBC and leading fintech innovator, announced that SWIVEL is now integrated with Temenos Digital Collector, part of the Temenos Lifecycle Management Suite.…
- Global Credit Union Movement Nears 420 Million Members, $4 Trillion in Assets — MADISON, Wis.— Approximately 61,838 credit unions and financial cooperatives across 93 countries served nearly 420 million members and managed $3.98 trillion in assets at year-end 2025, according to…
- OCC, FDIC Finalize Definition Of ‘Unsafe And Unsound’ Banking Practices — WASHINGTON—The Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. have finalized rules formally defining “unsafe and unsound” banking practices, Reuters reported. The…
- ACU Makes Final 2026 Push For Longer Loan Terms — WASHINGTON--Updating federal credit union loan maturities is a credit union advocacy priority in the final months of the 119th Congress, America's Credit Unions noted. "Adjusting the length of loans…
- ACU Webinar To Preview Key November Races or Credit Unions — WASHINGTON--Hear the latest outlook for November’s election, including key races for credit unions and potential outcomes for the next Congress, in a Sept. 3 webinar hosted by America’s Credit…
- Account Dispute Allegedly Led To Bomb, Shooting Threats Against Nusenda CU — TAOS, N.M.—A man accused of making bomb and shooting threats against Nusenda Credit Union in Taos was arrested Monday evening, according to the Santa Fe New Mexican. Michael Allen Graves of Los Ojos…
- Launch Members Approve $22B Merger With Suncoast CU — TAMPA, Fla.—Launch Credit Union members have approved the credit union’s merger with Suncoast Credit CU, clearing the way for the combination to take legal effect Sept. 1. The NCUA and both credit…
- Capital One Investor Sues Former Discover Leaders Over Years Of Alleged Compliance Failures — WILMINGTON, Del. — A Capital One Financial Corp. stockholder has sued 13 former Discover Financial Services directors and executives, alleging they failed for years to oversee regulatory compliance…
- Judge Blocks HUD Overhaul Of Fair-Housing Grant Program — WASHINGTON—A federal judge has blocked the Trump Administration from overhauling a long-standing program that funds nonprofit groups investigating and combating housing discrimination, finding the…
- Keesler Federal Scores Jackson State Athletics Partnership — BILOXI, Miss. —The $5-billion Keesler FCU has signed a multi-year partnership with Jackson State University Athletics that will include a co-branded debit card, discounted tickets and financial…
- Community Bank Profits Rise 8.2% in Second Quarter — WASHINGTON—Community banks reported an 8.2% increase in second-quarter net income from the previous quarter, according to the FDIC’s latest Quarterly Banking Profile. Higher net interest income, up…
- Homebuyer Affordability Improves As Median Payment Falls — WASHINGTON—Homebuyer affordability improved in July as the median mortgage payment sought by purchase applicants declined to $2,175 from $2,191 in June, according to the Mortgage Bankers…
- Mortgage Rates Hold Nearly Steady — MCLEAN, Va.—Mortgage rates changed little this week, with the average 30-year fixed-rate mortgage edging up one basis point to 6.66%, according to Freddie Mac’s latest Primary Mortgage Market…
- Cook Rejects Trump’s Renewed Attempt To Remove Her From Fed — WASHINGTON—Federal Reserve Gov. Lisa Cook told the White House Wednesday that President Donald Trump has no legally valid basis to remove her, rejecting renewed allegations that she committed…
- $95M JAFCU Scandal: New Fight Over Mansion And Frozen Millions — JACKSON, Miss.—Former Jackson Area Federal Credit Union CEO Leigh Bridges is opposing the appointment of a trustee to oversee her property as her husband seeks access to frozen retirement funds and…
- America’s Credit Unions Presses New CDFI Fund Director On Awards, Funding — WASHINGTON—America’s Credit Unions congratulated newly appointed Community Development Financial Institutions Fund Director Chris Miller while urging him to expedite outstanding awards, protect…
- Anthropic Expands Access To Mythos 5 Cybersecurity Capabilities — SAN FRANCISCO—Anthropic is expanding access to the cybersecurity capabilities of its advanced AI models, including Claude Mythos 5, while using controls designed to keep the technology from being…
- Trump Says Capital One Closed 300-Plus Accounts ‘For No Reason Other Than Politics’ — MIAMI—President Donald Trump and his businesses are urging a federal judge to allow their lawsuit against Capital One to proceed, arguing the bank improperly monitored them and shut down more than…
- Piedmont Advantage Members Approve Merger With Truliant — WINSTON-SALEM, N.C.— Members of the $382.5-million Piedmont Advantage Credit Union have approved its merger into the $5.4-billion Truliant Federal Credit Union, clearing the final major hurdle for…
- The Paycheck Is Changing—And Banking May Have To Change With It — NEW YORK--Millennials’ increasingly irregular income could force banks and credit unions to rethink products built around the traditional paycheck, with only about 42% of employed Millennials now…
- Stablecoin Card Spending Projected To Reach $50 Billion By 2028 — SINGAPORE— Global stablecoin card spending is expected to quadruple to $50 billion annually by 2028, stablecoin payments company RedotPay said this week, according to Reuters. Stablecoin card…
- Defense Credit Union Council’s 2026 Conference With A Purpose Raises $25,000 For The USO — WASHINGTON--The Defense Credit Union Council raised $25,000 for the United Service Organizations during its 2026 Conference with a Purpose, bringing the fundraiser’s total contributions to $548,000…
- Gulf Winds CU Plans Bank Acquisition, Rebrand As TruWorth — PENSACOLA, Fla.— Gulf Winds Credit Union is pursuing the acquisition of Madison County Community Bank while preparing to adopt a new name, according to Tyfone. The Pensacola-based credit union plans…
- Mortgage Applications Decline As Rates Reach Three-Week High — WASHINGTON— Mortgage applications declined 1% during the week ending Aug. 21 as rising interest rates continued to restrain refinancing and home-purchase activity, according to the Mortgage Bankers…
- Treasury Names Chris Miller Director Of CDFI Fund — WASHINGTON— The U.S. Department of the Treasury has appointed Chris Miller director of the Community Development Financial Institutions Fund, placing an executive with 20 years of small-business and…
- DCUC’s 2026 Conference with a Purpose Raises $25,000 for the USO — WASHINGTON, D.C. — The Defense Credit Union Council (DCUC) proudly announces that its 2026 Conference with a Purpose fundraiser raised $25,000 in support of the United Service Organizations (USO),…
- Love, Money & Secrets: 1 In 4 Americans Hide An Account From Their Partner — MIAMI--Money may be a bigger relationship hazard than politics, and plenty of Americans are keeping at least some of it secret from their partners. More than one in four Americans — 26% — have a…
- JD Power: Financial Health Improves, But Two-Thirds of Consumers Still Struggling — TROY, Mich.—The share of U.S. consumers considered financially healthy held at 34% in July for the second consecutive month, the highest level since November 2025, but two-thirds of consumers remain…
- Wells Fargo, Conduent Settle New Mexico Debit Card Fraud Case — ALBUQUERQUE, N.M.—Wells Fargo and government-services contractor Conduent have reached settlements with two New Mexico residents who accused the companies of improperly refusing to reimburse…
- $2.2B Credit Union’s Website Goes Dark As Domain Appears Up For Sale — CHADDS FORD, Penn.—Franklin Mint Federal Credit Union’s website and digital banking remained unavailable Tuesday, with the outage stretching into a second day amid an unusual problem involving the…
- Fed's Collins Says Rate Hike May Be Needed Soon As Inflation Remains High — WASHINGTON—The Federal Reserve may need to raise interest rates soon unless upcoming data show inflation is continuing to decline, Boston Fed President Susan Collins said Tuesday, according to…
- Bank Profits Surge 12% To $90.1 Billion As Loan Growth Accelerates — WASHINGTON— U.S. banks reported a sharp increase in earnings during the second quarter as loan and deposit growth continued and asset-quality measures improved, according to the FDIC's latest…
- League System Rolls Out Cybersecurity Toolkit For Credit Unions — WASHINGTON—The League System has rolled out a new Cybersecurity Awareness Toolkit designed to give credit unions customizable materials they can use to educate members about online threats, fraud…
- DCUC Supports Proposed Stablecoin CIP Framework, Urges Regulatory Clarity or Credit Unions — WASHINGTON—The Defense Credit Union Council Tuesday submitted comments on a proposed federal rule implementing customer-identification requirements for permitted payment stablecoin issuers under the…
- DCUC Supports Congressional Efforts To Safeguard Deployed Servicemembers’ Educational Standing — WASHINGTON--In a letter to the House Committee on Education & the Workforce ahead of Tuesday’s hearing, “Deployed, Not Disqualified: Defending Servicemembers in Our Schools,” the Defense Credit…
- Former Credit Union Employee Makes Run For Congress In North Carolina — RALEIGH, N.C.--A former credit union employee is in the running to win the open Congressional seat in North Carolina’s 11th District, America's Credit Unions reported. State Rep. Jennifer Balkcom…
- HUD Leads Interagency Rescission of 2022 Statement on Special Purpose Credit Programs — Alexandria, VA (August 25, 2026) ― Today, the Department of Housing and Urban Development (HUD), the Consumer Financial Protection Bureau (CFPB), the Department of Justice (DOJ), the Federal Deposit…
- DCUC Supports Proposed Stablecoin CIP Framework, Urges Regulatory Clarity for Credit Unions — WASHINGTON, D.C. — The Defense Credit Union Council (DCUC) has provided official comments on the joint agency proposed rulemaking issued by the Financial Crimes Enforcement Network (FinCEN), the…
- America First, Greater Nevada CU Strike Deal To Create Nearly $28B Credit Union — OGDEN, Utah— America First Credit Union here and Greater Nevada CU have entered into a merger agreement that would create a credit union with neasrly $28 billion in assets, KOLO reported. The…
- AI Isn't Killing The Bank Mainframe, Tech Executives Say — STAMFORD, Conn.—Despite the rapid adoption of artificial intelligence and cloud computing, bank technology executives aren't preparing to pull the plug on their mainframes, according to new research…
- Crypto Card Spending Tops $1 Billion As Stablecoins Gain Ground — NEW YORK — Cryptocurrency card spending has more than tripled over the past year, topping $1 billion in July as stablecoins increasingly move beyond investment and cross-border transfers into…
- Fair Lending Shift: Regulators Rescind Guidance On Special Credit Programs — WASHINGTON— Federal banking, credit union and housing regulators are rescinding 2022 guidance that encouraged lenders to use special-purpose credit programs, or SPCPs, to expand access to credit,…
- Crews Sworn In at NCUA, Ending Agency’s ‘No One Home’ Period — ALEXANDRIA, Va.--John Crews has been sworn in as a member of the National Credit Union Administration board, ending an extraordinary period in which the federal regulator operated without a single…
- DCUC Moves Early To Prepare Credit Unions For Midterm Election Impact — WASHINGTON—With control of Congress potentially hinging on a handful of races, the Defense Credit Union Council is moving quickly to prepare for the 2026 midterm elections and position defense…
- Banks Press Regulators For Deeper Overhaul Of CAMELS Ratings — WASHINGTON—The banking industry is pressing federal regulators to go further in overhauling the confidential CAMELS supervisory rating system, calling for clearer limits on when examiners can…
- DCUC Names John Alexander Deputy Chief Advocacy Officer — WASHINGTON-- John Alexander has been named deputy chief advocacy officer at the Defense Credit Union Council, the trade group announced Monday. Alexander will strengthen DCUC’s advocacy efforts and…
- ACU Backs Sweeping CFPB Reforms, Including Bipartisan Commission — WASHINGTON—America’s Credit Unions is urging Congress to overhaul the structure and powers of the CFPB, telling the House Financial Services Committee that reforms should increase congressional…
- ACU Backs Stablecoin Customer ID Approach, Flags Questions For FinCEN — WASHINGTON--A joint proposal requiring permitted payment stablecoin issuers (PPSIs) to maintain an effective customer identification program (CIP) appropriately emphasizes a principle and risk-based…
- NCUA Opposes Stay In Jackson Area FCU Case, Says Bridges Appears Headed For Plea Deal — JACKSON, Miss. — NCUA is opposing former Jackson Area FCU President and CEO Leigh Bridges’ effort to halt the agency’s $95-million civil case against her, arguing a newly disclosed indication that…
- DCUC Names John Alexander as Deputy Chief Advocacy Officer — WASHINGTON, D.C. — Today, the Defense Credit Union Council (DCUC) is pleased to announce John Alexander as its Deputy Chief Advocacy Officer. In this newly created senior leadership role, Alexander…
- President Trump Designates John Crews as Chairman of the NCUA Board — Alexandria, VA (August 24, 2026) ― Today, John Crews was sworn-in as the fourteenth Chairman of the National Credit Union Administration (NCUA). President Donald J. Trump designated Mr. Crews as…
- DCUC Congratulates Honorable John Crews as NCUA Board Chair — WASHINGTON, D.C. — Today, the Defense Credit Union Council (DCUC) issued the following statement welcoming the Honorable John Crews as Chairman of the National Credit Union Administration (NCUA)…
- SMBs Want Digital Business Cards—But Don’t Take Away The Human Help — NEW YORK--Small business owners increasingly want digital tools from business credit card issuers, but many still expect access to a person when they need assistance, according to PYMNTS. A PYMNTS…
- CFPB Calls CashCall’s Bid To Erase $157M Judgment A ‘Desperate Attempt’ — LOS ANGELES—The Consumer Financial Protection Bureau is urging a California federal judge to reject CashCall Inc.’s effort to wipe out a more than $157-million enforcement judgment, calling the…
- Longtime Executive Named CEO Of West Virginia Central FCU — PARKERSBURG, W.Va.—Cindy Turner has been appointed CEO of $342-million West Virginia Central FCU, according to The Marietta Times. Turner, who has been with the credit union since 1995, has served…
- TruStage Says Recovery Is Gaining Ground, But ‘We Have Not Reached The Finish Line’ — MADISON, Wis.— TruStage says it has restored additional member-facing services and resumed processing payments and claims across several lines of business as it continues recovering from the…
- Iowa Governor Proclaims ‘Credit Union Day’ As Industry Marks Impact At State Fair — DES MOINES, Iowa—Gov. Kim Reynolds proclaimed Aug. 20 “Credit Union Day in Iowa,” recognizing the industry’s role in the state as credit union leaders marked the occasion during Credit Union Day at…
- Is Your FI AI-Ready? BlastPoint Breaks Down What To Build, What To Buy, And How To Decide — PITTSBURGH -- BlastPoint, the customer intelligence platform that helps financial institutions turn data into growth, has announced a free live webinar, "Making Your Financial Institution AI-Ready:…
- TruStage Cancels Discovery 2026 As Cyberattack Recovery Continues — MADISON, Wis.—TruStage has canceled its annual Discovery conference, which had been scheduled for Aug. 27, saying its attention needs to remain on recovery from the cybersecurity attack that has…
- Persuasion Expert Maslansky To Keynote ACU Congressional Caucus — WASHINGTON--Connecting with lawmakers, strengthening relationships, and making priorities resonate are critical to credit union advocacy efforts, and Maslansky + Partners CEO Michael Maslansky will…
- SBA Proposal Would Expand ‘Small Business’ Status To 4,471 Credit Unions — WASHINGTON--A Small Business Administration (SBA) proposal issued Thursday would increase the asset threshold used to determine small business status to $5.031 billion (up from the current $850…
- WSECU Taps Former USALLIANCE CEO Harry Zhu As Next CEO — OLYMPIA, Wash.— WSECU has selected former USALLIANCE Federal Credit Union CEO Harry Zhu as its next president and CEO, bringing in an executive with extensive experience in lending, finance and…
- Heavy BNPL Users Show Strong Appetite For Longer-Term Loans — NEW YORK--Consumers who use multiple buy now, pay later providers are also far more willing to pay interest in exchange for more time to repay their purchases, suggesting BNPL could have significant…
- Visa, DOJ Trade Accusations As Debit Antitrust Fight Nears Key Deadline — NEW YORK--Visa and the Justice Department are trading accusations over delays in the government’s antitrust lawsuit against the payments giant, with an Oct. 16 deadline approaching for completion of…
- OCC Challenges BofA’s Bid To Escape Jan. 6 Customer-Data Lawsuit — WASHINGTON—The Office of the Comptroller of the Currency has stepped into a proposed class-action lawsuit accusing Bank of America of improperly sharing customers’ financial information with law…
- Citi To Acquire Kard Financial To Expand Rewards, Commerce Media — NEW YORK—Citi is moving to expand the reach and personalization of its credit card rewards business with a deal to acquire Kard Financial, a commerce media and rewards platform that connects banks…
- DCUC Urges Congress To Rein In CFPB Enforcement, Clarify Rules For CUs — WASHINGTON--The Defense Credit Union Council Thursday submitted recommendations to House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters in response to the…
- Mortgage Rates Decline For Second Consecutive Week — MCLEAN, Va.— Mortgage rates declined for the second consecutive week, with the average 30-year fixed-rate mortgage slipping to 6.65%, according to Freddie Mac’s latest Primary Mortgage Market…
- Fed's September Rate Hike Still In Play Despite Softer Data — WASHINGTON—The odds of a Federal Reserve rate hike in September have fallen following softer inflation and employment data, but minutes from the Fed’s July meeting show policymakers remain…
- Higher Rates Weigh On New-Home Mortgage Demand — WASHINGTON—Mortgage applications to purchase newly built homes fell 5.7% in July from a year earlier as higher mortgage rates continued to pressure buyer demand, according to the Mortgage Bankers…
- Velera Releases New Playbook To Help Credit Unions Manage Consumer-Engaged Fraud — TAMPA--Velera Thursday announced the release of its Consumer-Engaged Fraud Case Management Playbook. Designed to help credit unions navigate complex consumer-engaged fraud cases, the resource…
- Member Says Fraudsters Drained $42,000—And VyStar Should Have Stopped It — JACKSONVILLE, Fla.--A Jacksonville woman has sued $14.2-billion VyStar Credit Union, alleging it failed to properly investigate and reimburse approximately $42,000 stolen from her accounts after…
- #ILoveMyCreditUnion Day Campaign Reaches 4.3 Million — NAPERVILLE, Ill.—This year’s #ILoveMyCreditUnion Day campaign reached 4.3 million people and generated 28,100 engagements as credit unions and their supporters took to social media to promote the…
- Credit Union Loan Growth Accelerates In June, Rising 1.22% — WASHINGTON--Credit union loans outstanding increased 1.22% in June, compared to a 0.12% increase in May and a 0.38% increase in June 2025, America's Credit Unions reported, citing numbers are from…
- NCUA Says Credit Unions Can Move Immediately To Six Board Meetings A Year — ALEXANDRIA, Va.--NCUA notified federal credit unions Wednesday that it considers changes to board meeting requirements following enactment of the Credit Union Board Modernization Act as…
- DCUC Engages House Financial Services Committee for CFPB Reform — WASHINGTON, D.C. — The Defense Credit Union Council (DCUC) today submitted recommendations to House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters in response to…
- FTC: Credit Repair Network Scammed Consumers Out Of Nearly $200 Million — WASHINGTON—A federal court has temporarily shut down a sprawling credit repair operation that the Federal Trade Commission alleges bilked consumers out of nearly $200 million through deceptive…
- OCC Targets November For Stablecoin Rules As Credit Unions Await NCUA Parity — WASHINGTON—The Office of the Comptroller of the Currency expects to finalize its rules implementing the GENIUS Act by November and begin processing applications from companies seeking authority to…
- As Crypto Spending Surges, Credit Unions Face New Payments Question — NEW YORK--Cryptocurrency’s path from investment asset to everyday money may run through one of the most familiar tools in consumers’ wallets: the payment card. A July report from PYMNTS Intelligence…
- AI Agents Are Starting To Spend Money—OSL Builds The Payment Rails — HONG KONG--OSL Group has launched a stablecoin payment infrastructure designed to allow artificial intelligence agents to autonomously execute payments, as financial services companies increasingly…
- TD Bank Must Face Claims It Discriminated Against Chinese Employees — NEW YORK--A federal judge in New York has allowed key discrimination claims to proceed against TD Bank in a proposed class action brought by former Chinese and Chinese American employees who allege…
- Credit Union Leaders Convene At American Heritage FCU For NACUSO CUSO Roundtable — PHILADELPHIA--Credit union executives from across the region gathered at American Heritage Federal Credit Union on Aug. 11 for a collaborative Roundtable hosted by the National Association of Credit…
- Mortgage Applications Slip As High Rates Sideline More Homebuyers — WASHINGTON — Mortgage applications slipped 0.4% last week as elevated borrowing costs continued to weigh on homebuyers, according to the Mortgage Bankers Association’s Weekly Mortgage Applications…
- DCUC Backs CAMELS Overhaul Focused On Material Financial Risk — WASHINGTON--This week, the Defense Credit Union Council filed comments in support of the Federal Financial Institutions Examination Council proposed revisions to the Uniform Financial Institutions…
- California Credit Unions Beats Back Bank-Style CRA Requirements — SACRAMENTO, Calif.--Protecting credit unions from regulations that would treat them as for-profit banks, California’s Credit Unions secured key changes to a General Assembly bill that would have…
- Debit Card Spending Jumps 8.8% As Consumers Keep Spending — TAMPA—July card spending continued to show solid consumer engagement, with debit purchases again outpacing credit. Credit purchase growth remained positive but slowed from recent highs, according to…
- Pending Home Sales Fall To Lowest Level Since January — WASHINGTON — Pending home sales fell 2.3% in July from June and were down 2.2% from a year earlier, dropping to their lowest level since January 2026, according to the National Association of…
- Chaffey FCU Partners With CU Student Choice On Private Student Lending — WASHINGTON— CU Student Choice, the leading provider of higher education financing solutions to credit unions, is partnering with $229-million Chaffey FCU, based in Upland, Calif., to bring a full…
- Fed Rate Hike Debate Builds, But Economists See No Move This Year — WASHINGTON--A strong majority of economists expect the Federal Reserve to keep interest rates unchanged next month and through the end of 2026, even as financial markets continue to price in the…
- ‘No One Home’ At NCUA As Agency Awaits Crews Swearing-In — ALEXANDRIA, Va.--NCUA is operating without a single sitting board member more than a week after the Senate confirmed John Crews to lead the agency, a gap in leadership that POLITICO reported remains…
- Proposed CAMELS Changes Would Reduce Weight of Management Ratings — WASHINGTON--Proposed updates to the Federal Financial Institutions Examination Council’s (FFIEC) CAMELS rating system are a step toward a more consistent and transparent exam framework, as shared in…
- America’s Credit Unions Backs FASB Changes To Hedge Accounting Rules — WASHINGTON--Proposed updated accounting standards would better reflect how credit unions and other financial institutions manage risks, and America’s Credit Unions wrote the Financial Accounting…
- America’s Credit Unions Members Approve Name, D.C. Domicile Changes — WASHINGTON--America’s Credit Unions members overwhelmingly voted in support of updating the organization’s name and domicile location from Wisconsin to the District of Columbia, ACU reported. These…
- DCUC Files Comments with Federal Financial Institutions Examination Council, Proposed Revisions to UFIRS/CAMELS Rating System — WASHINGTON, D.C. — This week, the Defense Credit Union Council (DCUC) filed comments in support of the Federal Financial Institutions Examination Council (FFIEC)’s proposed revisions to the Uniform…
- Fed Policy May Be Accommodative, San Francisco Fed Research Suggests — WASHINGTON--The Federal Reserve’s current interest-rate policy may actually be supporting economic growth rather than restraining it, according to new San Francisco Fed research that challenges the…
- Treasury Draws The Lines On Who Can Issue Stablecoins In U.S. — WASHINGTON—The Treasury Department is moving to put the GENIUS Act’s stablecoin licensing regime into practice, proposing rules that would generally bar companies from issuing payment stablecoins in…
- New Windows Defender Zero-Day Can Give Attackers System Control — NEW YORK--A security researcher who has repeatedly uncovered flaws in Microsoft products has disclosed another Windows zero-day, this time a privilege-escalation vulnerability in Windows Defender…
- PayPal Reopens Sale Talks With Stripe After Rejecting $53B Offer — SAN JOSE, Calif.—PayPal Holdings is again negotiating a potential sale to a group led by Stripe and private-equity firm Advent International, with the parties discussing a price above a roughly $53…
- Trump Family Crypto Venture Moves Closer To Federal Bank Charter — WASHINGTON—The Office of the Comptroller of the Currency has granted preliminary conditional approval to a closely watched charter application from World Liberty Financial, moving the Trump…
- America’s Credit Unions Urges Level Playing Field For AI — WASHINGTON—America’s Credit Unions is urging Congress to ensure credit unions can adopt artificial intelligence and other innovative technologies on a level playing field with banks and fintechs. In…
- Oregon Defends Interest Rate Opt-Out Law Against Industry Challenge — PORTLAND, Ore.—Oregon is urging a federal court to reject financial industry groups’ bid to block a new state law that subjects certain consumer loans made by out-of-state, state-chartered banks to…
- Judge Rejects Bid to Force BofA, Merrill To Account For Disputed $7.5B Wire — ATLANTA—A federal judge in Georgia has rejected an Atlanta investment company's emergency bid to force Bank of America and Merrill Lynch to explain what happened to an alleged $7.5-billion wire…
- Visa To Acquire BioCatch For $2.4 Billion As Fraud Threats Escalate — SAN FRANCISCO--Visa is acquiring Israel-based fraud intelligence company BioCatch for $2.4 billion in cash, a deal aimed at strengthening Visa’s ability to help financial institutions combat account…
- FinCEN: Financial Institutions Flag Nearly $5 Billion Tied To Human Smuggling — WASHINGTON—Financial institutions flagged nearly $5 billion in suspicious activity potentially linked to the smuggling of people across borders from 2023 through 2025, according to a new Financial…
- UK Fraud Strategy Puts Banks On Notice: Prevention Is Becoming Core Obligation — LONDON—The U.K. government’s new fraud strategy is shifting more responsibility for stopping fraud onto banks and other infrastructure providers, signaling that reimbursing victims after the fact…
- Blockchain Association Urges Supreme Court To Hear Custodia Fed Account Fight — WASHINGTON—The Blockchain Association is urging the U.S. Supreme Court to hear Custodia Bank’s challenge to the Federal Reserve’s denial of a master account, arguing federal law does not give the…
- Inside Job: Brothers Plead Guilty In Staged Credit Union Robbery — BOSTON— Two Massachusetts brothers have pleaded guilty to staging the 2024 robbery of Energy Credit Union, where one of them worked as a teller, stealing nearly $200,000 before investigators…
- AI, Digital Banking Aren't Killing The Branch: 89% Still Want Access To People — BOSTON—Even as artificial intelligence makes deeper inroads into personal finance, 90% of middle-income Americans still prefer speaking with a knowledgeable person rather than AI when making major…
- First Community CU Scores First-of-Its-Kind College Jersey Partnership — EDWARDSVILLE, Ill.— First Community Credit Union is expanding its relationship with Southern Illinois University Edwardsville in a deal that will make the $5-billion credit union the exclusive…
- CFPB Pulls Consumer Complaint Narratives From Public Database — WASHINGTON—The Consumer Financial Protection Bureau Friday said it will stop publishing consumers’ written complaint narratives and related visualizations in its public Consumer Complaint Database,…
- U.S. Retail Sales Post Biggest Drop In More Than a Year — NEW YORK— Americans unexpectedly pulled back on spending in July following a splurge around the World Cup and Amazon Prime Day, with retail sales posting their biggest decline in more than a year,…
- Bankers Lose Key Round As Ohio Clears Path For Interra’s Hicksville Bank Deal — COLUMBUS, Ohio—A major hurdle facing Interra Credit Union’s proposed acquisition of The Hicksville Bank has been removed after the Ohio Division of Financial Institutions concluded the bank has the…
- Bipartisan Bill Would Expand Federal Credit Union Investment Authority — WASHINGTON—Reps. Janelle Bynum (D-OR) and Young Kim (R-CA) introduced bipartisan legislation Thursday that would significantly broaden the investments available to federal credit unions, including…
- Five Rising Credit Union Leaders Named Finalists In 2026 CUES Emerge Competition — MADISON, Wis.—CUES and partner Currency Marketing have named the five finalists who will compete for the title of 2026 CUES Emerging Leader. The finalists advanced through CUES Emerge, a…
- NCUF Names 2027 Herb Wegner Memorial Award Recipients — MADISON, Wis.--The National Credit Union Foundation has announced the recipients of the 2027 Herb Wegner Memorial Awards following a competitive nomination and selection process. Three honorees will…
- Thousands Locked Out As Navy Federal Outage Slams Mobile Banking — VIENNA, Va.—Navy FCU confirmed it experienced a service outage that disrupted access for thousands of members, with the credit union saying its technology team was working to restore services,…
- Mortgage Rates Edge Lower To 6.67%, Freddie Mac Reports — MCLEAN, Va.—Mortgage rates edged lower this week, with the average 30-year fixed-rate mortgage falling to 6.67%, according to Freddie Mac’s latest Primary Mortgage Market Survey. The 30-year rate…
- Mortgage Delinquencies Dip, But Trouble Builds Beneath The Surface — WASHINGTON—The mortgage delinquency rate declined slightly during the second quarter, but delinquencies and foreclosures remained substantially higher than a year earlier, according to the Mortgage…
- Velera Recognized In U.S. News & World Report’s 2026-2027 Best Companies To Work For — TAMPA--Velera has been named one of the 2026-2027 Best Companies to Work For by U.S. News & World Report, the CUSO announced. Velera was rated among the top overall companies on factors most heavily…
- DCUC Backs FHFA Moves To Drop ‘Reputational Harm' — WASHINGTON--The Defense Credit Union Council has filed comments with the Federal Housing Finance Agency in response to its proposal to amend its Suspended Counterparty Program (SCP) regulation by…
- 60% of Credit Card Customers Now Financially Unhealthy as Debt, Fees and Fraud Pressures Mount — TROY, Mich. — Six in 10 U.S. credit card customers are now classified as financially unhealthy, up from 56% a year ago, as a widening divide leaves financially vulnerable consumers struggling with…
- Credit Union-Backed Candidates Score Wins Across Five States — WASHINGTON--Elections across five states brought credit union wins in primaries and special elections, America’s Credit Unions reported. ACU' PAC-supported candidates in Connecticut, Minnesota,…
- America’s Credit Unions Backs FHFA Move To Drop ‘Reputational Harm’ Standard — WASHINGTON--Removing “reputational harm” from the Federal Housing Finance Agency’s (FHFA) Suspended Counterparty Program (SCP) would preserve its ability to address serious misconduct while ensuring…
- DCUC Urges CFPB To Cut Mortgage Red Tape, Give Credit Unions Greater Flexibility — WASHINGTON—The Defense Credit Union Council recently responded to the Consumer Financial Protection Bureau’s Request for Information Regarding Promoting Access to Mortgage Credit. Representing more…
- FDIC Approval Moves Crypto-Focused Augustus Bank Closer To Launch — DALLAS—The Federal Deposit Insurance Corp. has approved deposit insurance for Augustus National Bank, advancing the startup’s effort to launch a full-service national bank serving financial…
- California Renews $100 Million Fight Against Fintech Over 'Rent-A-Bank' Loans — LOS ANGELES— California's financial services regulator has appealed a state court ruling that blocked it from pursuing more than $100 million in penalties and restitution against fintech lender…
- Ardent CU CEO Rob Werner To Retire After Nearly 14 Years At Helm — PHILADELPHIA — Ardent Credit Union President and CEO Rob Werner plans to retire at the end of the first quarter of 2027, concluding nearly 14 years leading the credit union. Werner, who joined…
- OCC Says U.S. Banking System Is Again ‘Open For Business’ — WASHINGTON — The Office of the Comptroller of the Currency said it is continuing efforts to reinvigorate de novo bank chartering, pointing to 40 applications received during the past 18 months and…
- 10 States Sue To Stop Big Banks From Keeping Homeowners’ Escrow Interest — PORTLAND. Ore.--Ten states have sued the Office of the Comptroller of the Currency seeking to block rules that allow national banks to sidestep state laws requiring lenders to pay interest on funds…
- $95M Jackson Area FCU Case Turns Criminal: Charges ‘Will Be Filed Shortly’ Against Former CEO — JACKSON, Miss. — Federal criminal charges are expected to be filed against former Jackson Area FCU President and CEO Leigh Bridges as the NCUA’s civil case seeking recovery of approximately $95…
- Mortgage Applications Climb As Rates Ease From One-Year High — WASHINGTON— Mortgage applications increased 3.6% last week as mortgage rates eased slightly after five consecutive weeks of increases, according to the Mortgage Bankers Association’s Weekly Mortgage…
- Boston Fed’s Collins Says September Rate Hike Could Be On The Table — BOSTON--Federal Reserve Bank of Boston President Susan Collins said she would be prepared to support an interest rate increase as soon as September if inflation remains elevated and economic…
- America’s Credit Unions Launches New Hub For Small Credit Unions — WASHINGTON--A new hub for credit unions with less than $250 million in assets is now available on the America’s Credit Unions website. The Small Credit Union Resource Center provides one space for…
- Credit Unions Press FCC to Crack Down On Caller ID Spoofing — WASHINGTON--Working to strengthen credit unions’ and other financial institutions’ ability to combat fraud, America’s Credit Unions and the Defense Credit Union Council joined a coalition in a…
- DCUC Comments on FHFA Amendment to Suspended Counterparty Program and Repeal of FHLB New Business Activities Regulation — WASHINGTON, D.C. — This week, the Defense Credit Union Council, DCUC, filed official comments with the Federal Housing Finance Agency (FHFA) in response to its proposal to amend its Suspended…
- Defense Credit Union Council Responds to CFPB’s RFI, Promoting Access to Mortgage Credit — WASHINGTON, D.C. -- The Defense Credit Union Council (DCUC) recently responded to the Consumer Financial Protection Bureau’s (CFPB) Request for Information Regarding Promoting Access to Mortgage…
- DCUC, Joint Trade Associations Respond to FCC’s NPRM on Know Your Upstream Provider Requirements — WASHINGTON, D.C. — Yesterday, the Defense Credit Union Council (DCUC) and a coalition of joint trade associations provided official comments on the Federal Communications Commission’s (FCC) Further…
- Student Loan Delinquencies Fall Sharply Across Most States As Repayment Stabilizes — MIAMI--Student loan delinquency rates declined in most states during the first quarter of 2026, according to a new WalletHub analysis, suggesting borrowers are making progress in keeping up with…
- FinCEN Permanently Ends Beneficial Ownership Reporting For U.S. Companies — WASHINGTON—The Financial Crimes Enforcement Network has issued a final rule permanently eliminating beneficial ownership information reporting requirements for U.S. companies and U.S. persons under…
- Treasury Clears Way For Employers To Fund Workers’ Trump Accounts — WASHINGTON—The Treasury Department has issued guidance allowing employers to contribute up to $2,500 tax-free annually to Trump Accounts for employees’ dependents, while also permitting workers to…
- Despite $18.77T Debt Load, Consumers May Be In Better Shape Than It Appears — MIAMI--U.S. household debt remains near a record in raw dollars, but consumers may be in considerably better financial shape than the headline number suggests, according to a WalletHub analysis of…
- CU Student Choice's 18th Anniversary Campaign Delivers Words Of Wisdom To College Students & Scholarship Support To 3 CU Partners — WASHINGTON– CU Student Choice, the leading provider of education financing solutions for credit unions, recently celebrated its 18th anniversary by launching a "Words of Wisdom" initiative that…
- CMN Brings Digital Giving Directly Into Credit Union Banking — SALT LAKE CITY, Utah–Children's Miracle Network (CMN) has partnered with PayOnward and Digital Joy, two Black Dragon Capital portfolio companies, to bring a new suite of digital fundraising tools to…
- Mortgage Credit Availability Rises To Highest Level Since 2022 — WASHINGTON--Mortgage credit availability increased in July, with the Mortgage Bankers Association’s Mortgage Credit Availability Index rising 2.5% to 108.4, according to an MBA analysis of data from…
- Longtime AllSouth CEO Bill Koehler To Retire; Successor Named — COLUMBIA, S.C.—AllSouth FCU President and CEO Bill Koehler will retire Aug. 14 after more than 40 years in financial services and 35 years in leadership roles at the credit union, the $1.47-billion…
- BankSocial, Stablecon Launch Dedicated Track For Credit Unions, Bank — DALLAS—BankSocial is partnering with Stablecon to offer a dedicated half-day track for credit union and bank executives focused on stablecoins, tokenized deposits and practical applications of…
- Velera Welcomes Inaugural Credit Union And Industry Partner Cohort To Digital Asset Lab — TAMPA-- Velera Tuesday announced the inaugural cohort of credit unions and industry partners participating in its Digital Asset Lab, a collaborative initiative designed to help the credit union…
- Hauptman Sworn In at PCAOB; Crews Now Set To Take NCUA Seat — WASHINGTON—Former NCUA Chairman Kyle Hauptman has officially moved on from the agency, taking the oath of office as a member of the Public Company Accounting Oversight Board during a ceremony Monday…
- DCUC Statement on FinCEN Final Rule, Beneficial Ownership Reporting Requirements — WASHINGTON, DC — Today, the Defense Credit Union Council (DCUC) issued the following statement in support of the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN)…
- Feds: CU Board Member Drained Elderly Woman’s $1-Million Retirement Savings, Bought Property, Truck — HARRISBURG, Pa.—A federal grand jury has indicted a Pennsylvania man who allegedly used his position as a credit union board member to gain control of more than $1 million in an elderly woman's…
- ACU Presses CFPB To Ease Mortgage Disclosure Rules, Reduce Closing Delays — WASHINGTON—America’s Credit Unions is urging the Consumer Financial Protection Bureau to modernize federal mortgage disclosure requirements, arguing that overly technical rules impose…
- Fiserv, FIS Face Pressure To Shed Businesses As Fintech Competition Intensifies — MILWAUKEE—Two of the largest providers of technology to banks and credit unions are weighing additional asset sales as investor pressure, slowing growth and competition from fintechs push Fiserv and…
- Fed Streamlines Borrower-In-Custody Program In Discount Window Overhaul — WASHINGTON—The Federal Reserve is simplifying its Borrower-in-Custody program as part of its broader discount window modernization effort, with changes aimed at making it faster and easier for…
- Interchange Fight, Open Banking Rule Loom Over Credit Unions During August Recess — WASHINGTON—Congress may be out of town, but credit unions are using the August recess to prepare for a potentially consequential September, with the industry focusing on a newly strengthened Credit…
- Trump Renews Effort To Remove Fed Gov. Lisa Cook After Supreme Court Setback — WASHINGTON—The White House has launched a new effort to remove Federal Reserve Gov. Lisa Cook, notifying her that President Donald Trump is “considering” firing her and giving her until Aug. 26 to…
- ‘Retired’ Cybercrime Group Targets Major Financial Firms In Extortion Campaign — NEW YORK--A cybercrime group that claimed to have retired in May has instead rebranded and launched a wave of attacks against major financial and professional services firms, including Apollo Global…
- Rep. Gonzalez, Rally CU Focus On Rising Fraud, AI Scams — CORPUS CHRISTIE, Texas--Connecting with a key credit union supporter back in his home district, Rally Credit Union hosted Rep. Vicente Gonzalez (D-TX) at its Naval Air Station Corpus Christi branch…
- Judge Narrows, But Preserves, Military Lending Act Case Against Bank Of America — CHARLOTTE, N.C.—A federal judge in North Carolina has allowed the core of a proposed class-action lawsuit accusing Bank of America of violating the Military Lending Act (MLA) to move forward,…
- Westmark Credit Union Names Nielsen New President, CEO — IDAHO FALLS, Idaho—The $1.6-billion Westmark Credit Union has named Derik Nielsen as its new president and CEO, succeeding Mike Schenck, who served the credit union for more than 30 years, according…
- 30% of Homeowners Fear Foreclosure As Mortgage Stress Grows, J.D. Power Finds — TROY, Mich.— Customer satisfaction with mortgage servicers rose in 2026 despite continued affordability pressures and elevated mortgage rates, as lenders improved digital tools, communication and…
- Bank Of America Must Face Claims Over Alleged Credit Card Autopay Overcharges — CHICAGO— Bank of America must face most claims in a proposed class action alleging its credit card autopay system withdraws money customers no longer owe after they manually pay their statement…
- Fed Proposes Insider Lending Rule Changes To Ease Burden On Community Banks — WASHINGTON—The Federal Reserve has proposed updating decades-old dollar thresholds governing loans to bank executives, directors and major shareholders, saying inflation has rendered the existing…
- DCUC Annual Conference Wraps With Focus On Service, Leadership — AVENTURA, Fla.—The Defense Credit Union Council concluded its 2026 Annual Conference this past week after bringing together credit union leaders, advocates and industry partners from across the U.S.…
- Three Credit Union Leaders Honored At DCUC Hall Of Honor Gala — AVENTURA, Fla.--The Defense Credit Union Council held its 2026 Hall of Honor Gala during its Annual Conference this past week, honoring three exceptional credit union leaders: LtCol Clarence M.…
- U.S. Payrolls Fall 23,000 In July; Unemployment Holds at 4.1% — WASHINGTON—U.S. employers shed 23,000 jobs in July while the unemployment rate was little changed at 4.1%, the Bureau of Labor Statistics reported, offering further evidence of a weak labor market.…
- Senate Confirms John Crews To NCUA Board — WASHINGTON—The U.S. Senate, 51-47, has confirmed John Crews to the NCUA board, clearing the way for him to succeed Kyle Hauptman and return the agency to a single-member board following the Trump…
- KPMG Must Face Expanded Investor Fraud Claim Over SVB Collapse — SAN JOSE, Calif.—A federal judge has allowed investors in failed Silicon Valley Bank to expand their securities class action against KPMG LLP, finding they sufficiently alleged the accounting firm…
- CDFI Fund Eases Rural Certification Standard, Lowering Threshold To 60% — WASHINGTON--The Treasury’s Community Development Financial Institutions Fund (CDFI Fund) updated the Target Market activity thresholds for organizations interested in achieving or maintaining CDFI…
- Lenders Open Credit Spigot Wider, Even As Delinquencies Edge Higher — CHICAGO—U.S. lenders are becoming more aggressive about extending credit, with credit card originations climbing nearly 12% and personal loan originations nearly 20% as lenders increasingly pursue…
- DCUC Annual 2026 Concludes, Reinforcing the Credit Union Difference of Serving Those Who Serve — AVENTURA, F.L. – The Defense Credit Union Council (DCUC) concluded its 2026 Annual Conference Thursday, August 6, bringing together credit union leaders, industry advocates, and system partners from…
- DCUC Congratulates John Crews on Confirmation as NCUA Board Chair — WASHINGTON, DC – The Defense Credit Union Council (DCUC), a national association representing credit unions serving military and veteran communities, issues the following statement congratulating…
- DCUC Celebrates Three Distinguished Inductees During 2026 DCUC Hall of Honor Gala — AVENTURA, F.L. – On Wednesday, August 5, the Defense Credit Union Council (DCUC) held its 2026 Hall of Honor Gala during the DCUC Annual Conference, honoring three exceptional credit union leaders:…
- CU Student Choice Launches New Professional Degree Financing Solutions As Grad PLUS Loans Phase Out — WASHINGTON— CU Student Choice, the leading provider of education financing solutions for credit unions, Thursday announced the launch of new line of credit programs designed for students seeking…
- Chime Moves Beyond Banking With In-App Investing — SAN FRANCISCO— Chime is expanding beyond digital banking and into investing with the launch of Chime Invest, a commission-free platform that allows users to buy stocks and exchange-traded funds or…
- NCUA Liquidates African Diaspora FCU, Just Over Year After Granting Charter — SAINT ANN, Mo.—NCUA Thursday liquidated tiny African Diaspora FCU here, citing insolvency and numerous violations of the Federal Credit Union Act and NCUA regulations, including operating in an…
- Colorado Scales Back AI Law Ahead of 2027 Launch, While FTC Proposal Clouds Compliance Outlook — WASHINGTON—Colorado has significantly narrowed what was set to become the nation’s first comprehensive artificial intelligence governance law, replacing broad compliance mandates with a framework…
- Cloud Introduces Bill to Make Federal CBDC Ban Permanent — WASHINGTON—Rep. Michael Cloud (R-TX) has introduced legislation that would permanently prohibit the Federal Reserve from issuing or creating a central bank digital currency, according to Texas GOP…
- Filene, Money20/20 Partner to Expand Credit Union Access to Fintech — MADISON, Wis.—Filene Research Institute and Money20/20 have announced a strategic partnership aimed at giving credit union leaders greater access to the global fintech ecosystem while bringing the…
- Mortgage Rates Edge Up To 6.69% — MCLEAN, Va.—The average rate on a 30-year fixed-rate mortgage rose slightly to 6.69% this week, Freddie Mac reported. The rate increased from 6.66% a week earlier and remained above the 6.63%…
- CFPB Sends Open Banking Rewrite To White House, Moving Closer To Release — WASHINGTON—The Consumer Financial Protection Bureau has taken a major step toward rewriting its controversial open banking rule, submitting a proposed overhaul of the Biden-era regulation to the…
- Former Audit Chief Sues Patelco, Alleging Firing Followed Warnings Of Continuing Cyber Risks — DUBLIN, Calif.—Patelco Credit Union’s former chief audit executive has sued the $9.7-billion institution, alleging he was fired days after reporting serious compliance deficiencies, unresolved…
- America's Credit Unions: NCUA's Final Rules Eliminate Red Tape, Expand Credit Union Flexibility — WASHINGTON--In the latest action of the NCUA’s Deregulation Project, the agency has finalized 11 rules. Many of the rules make changes by removing outdated requirements or giving credit unions…
- African Diaspora Federal Credit Union Closes — Alexandria, VA (August 6, 2026) ― The National Credit Union Administration (NCUA) today liquidated African Diaspora Federal Credit Union in Saint Ann, Missouri. NCUA made the decision to liquidate…
- Ransomware Gangs Now Sending Fake IT Workers Into Offices, FBI Warns — NEW YORK--Ransomware gangs are increasingly sending operatives to victims' offices posing as IT technicians after remote social-engineering attempts fail, a tactic that has helped one prolific group…
- U.S. Auto Sales Slip 1.4% In July, But Demand Remains Resilient — NEW YORK--U.S. light-vehicle sales declined 1.4% year-over-year in July to an estimated 1.38 million units, while the seasonally adjusted annual selling rate eased to 16.5 million vehicles from 16.7…
- DCUC Conference 2026: Treasury--Cash Isn't Going Away, Bureau Unveils Currency Overhaul — AVENTURA, Fla.—As credit unions prepare for a future shaped by stablecoins and digital payments, Acting Bureau of Engraving and Printing Director Michael Brown delivered a different message…
- DCUC Conference 2026: Combat Mission Becomes Leadership Lesson For Credit Union Executives — AVENTURA, Fla.--Former U.S. Sen. Martha McSally, the retired Air Force colonel who became the first American woman to command a fighter squadron in combat, told credit union leaders Wednesday that…
- DCUC Conference 2026: Credit Union Leaders Seek Answers As Stablecoin Adoption Accelerates — AVENTURA, Fla.--Even as stablecoins dominate discussion across the financial services industry, many credit union leaders are still trying to understand exactly why they matter, with questions from…
- NCUA Board Approves 11 Final Rules For Deregulation Project — ALEXANDRIA, Va.--NCUA Wednesday finalized eleven rules that were proposed for changes through the Deregulation Project, the agency announced. “With today’s announcement, we are moving forward on our…
- Mortgage Applications Fall As Rates Hit Highest Level In More Than A Year — WASHINGTON—Mortgage applications fell 2.9% last week as rising interest rates continued to weigh on both home purchases and refinancing activity, according to the Mortgage Bankers Association's…
- DCUC Urges Hegseth To Make Financial Readiness Permanent Focus Of Military Spouse Commission — WASHINGTON--The Defense Credit Union Council Wednesday formally requested Secretary of Defense Pete Hegseth incorporate financial readiness as a permanent pillar of the newly established President's…
- U.K. Testing Finds AI Models Attempted 19 Real-World Hacking Actions; Calls Grow For Stronger Safeguards — LONDON—Advanced AI agents from Anthropic and OpenAI attempted 19 unauthorized actions against real people and organizations during cybersecurity testing conducted by the U.K. AI Security Institute…
- BECU, SAFE Clear Key Hurdle As Proposed $34B Merger Moves Forward — SEATTLE— BECU and SAFE Credit Union said they have received regulatory approval from the NCUA, the Washington State Department of Financial Institutions and the California Department of Financial…
- DCUC Annual 2026 Highlights Strategic Leadership, Emerging Technologies, and Advocacy for the Future — AVENTURA, F.L. – The Defense Credit Union Council (DCUC) continued another successful day of programming Wednesday during its 2026 Annual Conference at the JW Marriott Miami Turnberry Resort & Spa,…
- DCUC Writes to Department of War Secretary Hegseth, Strengthening Military Family Stability and National Readiness — AVENTURA, F.L. — Today, the Defense Credit Union Council (DCUC) formally requested Secretary of Defense Pete Hegseth incorporate financial readiness as a permanent pillar of the newly established…
- DCUC Conference 2026: Duda Draws Lessons From Ukraine, Cold War In Keynote On Leadership — AVENTURA, Fla.— Drawing on a decade leading Poland through rising tensions with Russia, the war in neighboring Ukraine and some of Europe's most significant geopolitical challenges, former Polish…
- DCUC Conference 2026: Visa To Credit Unions—Don't Make This Costly Payments Mistake — AVENTURA, Fla.— Artificial intelligence may be transforming payments, but trust—not technology—will determine which credit unions succeed as digital assets, faster payments and fraud threats reshape…
- Hundreds Targeted In RBFCU Impersonation Scam; Victims Say Claims Denied — SAN ANTONIO— Hundreds of members of Randolph-Brooks FCU were targeted by impersonation scams during the second quarter of 2026, and multiple victims who lost thousands of dollars say the credit…
- Chime Cuts 10% Of Workforce As AI Reshapes Fintech Operations — SAN FRANCISCO—Chime Financial is laying off about 150 employees, or roughly 10% of its workforce, as the digital banking company restructures around artificial intelligence and the demands of…
- OCC Proposes Sweeping Overhaul Of Public Access To Bank Supervisory Information — WASHINGTON—The Office of the Comptroller of the Currency is proposing a broad overhaul of its rules governing the release of agency information, including changes designed to make it easier for…
- DCUC Conference 2026: On One Stage, Two Trade Group Chiefs Deliver A Unified Vision For Credit Unions' Future — AVENTURA, Fla.— Standing together on the main stage at the Defense Credit Union Council's Annual Conference here, the leaders of the credit union movement's two largest national trade groups…
- DCUC Conference 2026: Fresh Off Blockbuster Merger Proposal, Bratsakis Says Credit Unions Are Stronger Together — AVENTURA, Fla.— Just days after unveiling plans for a merger that would create one of the nation's largest regional credit union trade organizations, new League of Credit Unions & Affiliates CEO…
- DCUC Conference 2026: Duda Draws Lessons From Ukraine, Cold War In DCUC Keynote On Leadership — AVENTURA, Fla.— Drawing on a decade leading Poland through rising tensions with Russia, the war in neighboring Ukraine and some of Europe's most significant geopolitical challenges, former Polish…
- Beastro Powers Corporate Central’s Modern Money Movement Platform — MILWAUKEE--As expectations for faster, more flexible payments continue to grow, Corporate Central said it is helping credit unions simplify how money moves through Beastro, its integrated money…
- Velera Included On Forbes America’s Best Employers For Women 2026 Ranking — TAMPA--Velera has been named to the Forbes list of America’s Best Employers for Women 2026, the CUSO announced Tuesday. Velera is one of 700 companies included on the list, ranking in the top 100 of…
- Treasury Drops Disparate Impact Standard In Final Rule — WASHINGTON--The Treasury Department Monday published a final rule to remove disparate impact from its regulations. The action follows a 2025 Executive Order directing federal agencies to eliminate…
- DCUC Annual 2026 Continues, Offering Leadership, Innovation, and Industry Insights — AVENTURA, F.L. – The Defense Credit Union Council (DCUC) continued its 2026 Annual Conference today at the JW Marriott Miami Turnberry Resort & Spa, welcoming credit union leaders, industry…
- FinCEN Hits UBS With Record $125 Million AML Penalty For Repeat Violations — WASHINGTON— The Treasury Department's Financial Crimes Enforcement Network (FinCEN) has assessed a record $125-million civil money penalty against UBS Financial Services, saying the firm failed to…
- DCUC Annual Conference Opens With Focus On Leadership, Innovation — AVENTURA, Fla.— The Defense Credit Union Council opened its 2026 Annual Conference Monday at the JW Marriott Miami Turnberry Resort & Spa here, bringing together credit union executives, industry…
- Suspect Arrested Minutes After Robbery At Beginnings Credit Union — ITHACA, N.Y.—A man was arrested within minutes after allegedly robbing Beginnings Credit Union's Meadow Street branch Monday morning, following a rapid response by Ithaca police after an employee…
- Paoletta Takes Over As Acting CFPB Director After Vought’s Term Expires — WASHINGTON—Mark Paoletta automatically became acting director of the CFPB on Saturday following the expiration of Russell Vought's authority to serve in the role under the Federal Vacancies Reform…
- Consumer Sentiment Jumps In July, But Confidence Remains Below Year-Ago Levels — ANN ARBOR, Mich.—Consumer sentiment rose sharply in July, climbing 11.5% from June as Americans grew more optimistic about business conditions and the economy, though confidence remains well below…
- NCUA Call Report Reveals Stunning $103-Million Loss at Jackson Area FCU — JACKSON, Miss.—New NCUA Call Report data show Jackson Area Federal Credit Union's financial condition has deteriorated dramatically following the agency's discovery of an alleged $95-million fraud…
- Trump Creates Military Spouse Commission; DCUC Urges Financial Readiness Focus — WASHINGTON—President Donald Trump is expected to sign an executive order Monday creating a White House Military Spouse Commission charged with advising the Administration on policies affecting…
- Crews Confirmation Tops Busy Week For Credit Unions In Washington — WASHINGTON—John Crews' expected confirmation to the NCUA board headlines a busy week in Washington for credit unions, with America's Credit Unions and the Defense Credit Union Council also closely…
- Credit Union Leaders Launch Industry-Wide Initiative To Shape Next Decade — SUNNYVALE, Calif.--A coalition of credit union executives, consultants and industry media leaders has launched a new research initiative aimed at developing a long-term vision for the credit union…
- America's Credit Unions Kicks Off August Push To Educate Consumers on Check Fraud — WASHINGTON--America’s Credit Unions and the American Association of Credit Union Leagues have teamed up to support a new campaign in partnership with America Saves that’s designed to bring attention…
- Mastercard Completes BVNK Acquisition, Expands Stablecoin Payments Strategy — PURCHASE, N.Y.—Mastercard said it has completed its acquisition of BVNK, a move aimed at expanding its ability to support payments across both traditional currencies and digital assets as…
- DCUC Annual Conference Opens with Camaraderie, Leadership, and a Shared Commitment to Those Who Serve — Golf tournament, networking events, and educational sessions set the stage for a week focused on innovation, collaboration, and advocacyAVENTURA, F.L. – Today, the Defense Credit Union Council…
- Global Watchdog Says DeFi Becoming Haven For Money Laundering, Fraud — PARIS— The Financial Action Task Force (FATF) is warning that decentralized finance (DeFi) is becoming an increasingly attractive tool for fraudsters, ransomware operators, professional money…
- State AGs Escalate AI Enforcement Using Existing Laws—What CUs Need To Know — NEW YORK--State attorneys general are increasingly using existing consumer protection, licensing and privacy laws—not AI-specific statutes—to crack down on companies that overstate artificial…
- FDIC, OCC Warn Oregon Law Could Upend Interstate Lending — PORTLAND, Ore.— The FDIC and Office of the Comptroller of the Currency have sided with banking and lending groups seeking to block an Oregon law that applies the state’s interest-rate limit to…
- One Year. Zero Payments. Suncoast Brings Back Popular Giveaway — TAMPA, Fla.— Suncoast Credit Union has launched the second year of its "Year of No Payments Giveaway," a promotion that will award three members a full year of either rent, mortgage or car payments.…