MEXICO CITY — After 11 straight years of expansion, remittances to Mexico declined in 2025 for the first time since 2013, signaling a potential turning point for a key source of household income, BBVA Research reported.
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WASHINGTON — As the Department of Homeland Security shutdown stretches on amid a funding dispute tied to immigration enforcement, credit union trade groups say the impasse is beginning to create financial strain for federal employees — particularly those who continue working without pay — while warning that prolonged uncertainty could deepen the impact on households served by credit unions.
CARMEL, Ind.-- Allied Solutions Tuesday announced a major milestone in its strategy to modernize financial infrastructure and accelerate innovation in the financial services industry.
TAMPA-- Velera announced it will provide Mutual Federal Credit Union with debit and credit card processing services and support.
WASHINGTON--Following a judge largely upholding the Illinois Interchange Fee Prohibition Act (IFPA) last week, America’s Credit Unions, the Illinois Credit Union League and the other plaintiffs filed an appeal with the U.S Court of Appeals for the Seventh Circuit Friday, ACU reported.
ORLANDO, Fla. — Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Monday that bank regulators should reconsider how capital rules treat mortgage lending and servicing, arguing that current frameworks may be discouraging banks from participating in a core line of business and pushing mortgage activity toward nonbank firms.
CHESAPEAKE, Va. –The $957-million ABNB FCU here has agreed to buy two branches of First Bank of Virginia located in north central North Carolina, the organizations announced in a joint release.
WASHINGTON—The U.S. Department of the Treasury’s Financial Crimes Enforcement Network on Friday issued an order providing regulatory relief to covered financial institutions by easing certain requirements under its 2016 Customer Due Diligence (CDD) Rule, eliminating the need to identify and verify beneficial owners each time an existing legal entity customer opens a new account.
TAMPA, Fla. — Launch Credit Union announced Friday that it plans to merge with Suncoast Credit Union here, a move that would create one of the largest credit unions in the country with more than $21 billion in combined assets, according to reporting by Florida Today.
ALEXANDRIA, Va.--NCUA's four funds again earned unmodified, or “clean,” audit opinions for 2025, according to audited financial statements released Friday by the agency’s Office of Inspector General.