WASHINGTON--House and Senate leaders heard directly from the new leader of America’s Credit Unions Tuesday, as he touted the "immense" support credit unions are providing their members amid the government shutdown.
Fresh Today
WASHINGTON—A federal watchdog says the Trump administration’s sustained downsizing of the Consumer Financial Protection Bureau has left the agency’s information security program ineffective.
WASHINGTON — Warning that interest-bearing stablecoins could siphon deposits from community banks and other traditional financial institutions, the American Bankers Association joined 52 state bankers associations from across the country in submitting a letter to the U.S. Department of the Treasury urging strong implementation of the GENIUS Act’s prohibition on interest for payment stablecoins.
CHICAGO—Auto lending picked up in the third quarter of 2025 as borrowers responded to lower interest rates and improved vehicle availability, though rising monthly payments and persistent credit stress continue to challenge the market, according to new data from the Credit Industry Insights Report.
OKLAHOMA CITY, Okla.—The $2.3-billion Communication Federal Credit Union has agreed to a $2.9-million settlement following a class-action lawsuit tied to a data breach that occurred between late December 2023 and early January 2024, ClassAction.org reported.
KANSAS CITY, Kan.—A former credit union manager who once led Muddy River Credit Union has been sentenced to more than five years in federal prison for a long-running embezzlement scheme, according to KAIR.
TROY, Mich— Small business owners are feeling positive about their businesses and the broader economy, and that goodwill is showing up in steadily improving satisfaction with their primary financial institutions, according to the J.D. Power 2025 U.S. Small Business Banking Satisfaction Study.
OKLAHOMA CITY, Okla.—The $2-billion Communication Federal Credit Union has named Stephen Lark president and CEO, effective Jan. 1.
BROOMFIELD, Colo.– The $4-billion Meritrust CU is partnering with the Denver Nugget’s Christian Braun and his new foundation focused on providing financial education for young athletes to help break poverty cycles in the Denver communities.
PURCHASE, N.Y.— Mastercard is reportedly in advanced talks to acquire blockchain infrastructure firm Zero Hash, signaling an aggressive push into stablecoin-powered payments as competition in the space intensifies.