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 Committee on Wednesday, America's Credit Unions reported.
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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) Fund requirement that would force certified institutions to submit a new certification application every five years.
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, according to an analysis by International Monetary Fund official Tobias Adrian, as reported by Scottish Financial News.
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 crowded financial services market.
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 remediation of software vulnerabilities across critical infrastructure, including the financial sector, according to the White House.
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 Services Committee hearing Wednesday, arguing the agency's downsizing and rollback of regulations reduced economic burdens on consumers and businesses, Reuters reported.
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.
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 participant in its new Converge AI Accelerator, a program designed to foster AI innovation focused on credit unions.
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 Common Cents Act; H.R. 6556, the Failing Bank Acquisition Fairness Act; and H.R. 1181, the Protecting Privacy in Purchases Act. H.R. 3074 and H.R. 6556 passed by voice vote, while H.R. 1181 passed by a vote of 221–201.
WASHINGTON--Mortgage applications decreased 2.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 10.