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.
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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 enforcement system in federal district court before completing the agency’s internal adjudication process.
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 Programs, with the trade group urging institutions to weigh in on how the new anti-money laundering requirements could affect the industry before its Aug. 7 comment deadline.
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 accounts, according to the U.S. Department of Justice.
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 and customer trust re-emerged as key factors in account selection, according to new research from JD Power.
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 about 2,600 jobs, or roughly 7% of its global workforce, primarily in technology and product teams, Reuters reported.
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 the GENIUS Act, warning that a lack of transparency and consistency could create an uneven regulatory playing field for financial institutions.
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 inside the central bank over persistent inflation.
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 Excellence through 2028.
DETROIT—InvestiFi, the credit union service organization (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 accelerate growth amid rising demand for embedded investment services.