CHICAGO—Holiday shoppers report that they are expecting to rely more heavily on credit cards this season, with 42% naming it their preferred payment method—up from 38% last year.
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WASHINGTON—The Supreme Court on Monday declined to hear the petition filed by former NCUA Board Members Todd Harper and Taya Otsuka, in their removal-from-office lawsuit—an action that keeps the matter in the U.S. Court of Appeals for the D.C. Circuit and places renewed attention on a separate, high-stakes Supreme Court case that could upend the foundation of independent federal agencies, including the NCUA.
WASHINGTON--The Defense Credit Union Council has sent a letter to U.S. Treasury Secretary Scott Bessent expressing strong opposition to recent banking-industry proposals that would require federal credit unions to file IRS Form 990.
WASHINGTON--It is imperative credit unions are authorized providers of the “Trump Accounts” created under the One Big Beautiful Bill (H.R. 1), America’s Credit Unions wrote to the Treasury Department as it evaluates which financial institutions will offer the accounts.
WASHINGTON--With bankers "distorting the truth" about credit unions, America’s Credit Unions President/CEO Scott Simpson wrote to Congressional offices Friday setting the record straight on credit unions, their not-for-profit tax status, and the widespread consumer support they receive.
WASHINGTON—The Defense Credit Union Council is pushing back against the American Bankers Association’s recent survey and policy recommendations, calling the ABA’s criticisms of credit unions “misleading” and part of a broader effort to chip away at the credit union model.
WASHINGTON—The CFPB is preparing to furlough most of its workforce on Dec. 31, agency officials told employees, marking the most dramatic step yet in the Trump administration’s effort to wind down the Bureau’s operations.
WASHINGTON—The Consumer Financial Protection Bureau will convene its Consumer Advisory Board (CAB) on Dec. 10, for a public virtual meeting focused squarely on fair-lending issues and the growing debate over “debanking,” according to a notice published in the Federal Register.
PURCHASE, N.Y.—Holiday shoppers are opting for convenience over chaos, planning earlier, comparing smarter and maximizing their budgets with loyalty rewards, sales events and a little help from smart tech, according to Mastercard’s first-ever Shopper Snapshot, a survey of more than 4,000 consumers in the U.S., Canada, U.K. and UAE by the Harris Poll.
NEW YORK—U.S. outbound remittances are expected to grow only modestly in 2026—a shift credit unions with active remittance programs will want to watch closely.