OMAHA, Neb.—Federal prosecutors in Nebraska have charged 54 individuals in what authorities describe as a large, international ATM “jackpotting” conspiracy that used malware to steal millions of dollars from banks and credit unions across the United States, according to indictments recently unsealed.
ALEXANDRIA, Va.--The NCUA submitted a rulemaking pertaining to implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act to the Office of Management and Budget Friday, and it is currently pending review. The proposal is currently not public, when approved by OMB it will be published in the Federal Register with a comment deadline, America's Credit Unions said.
WASHINGTON--The president issued an Executive Order (EO) designating Dec. 24 and Dec. 26 of this year as paid days off for employees of all executive departments and agencies of the federal government.
WASHINGTON--The House and Senate are out through the new year and will return Jan. 5.
TAMPA, Fla. — Cyber Week may be over, but for credit unions, the riskiest stretch of the holiday shopping season is just beginning. Industry analysts are warning that the largest wave of payment disputes and chargebacks often hits after the buying frenzy fades, creating delayed operational and fraud pressures for financial institutions.
PURCHASE, N.Y.—Global real GDP growth is projected at 3.1% in 2026, a slight dip from an estimated 3.2% in 2025, as moderating inflation, shifting trade patterns and continued investment in artificial intelligence shape the next phase of the global economic cycle, according to the Mastercard Economics Institute’s Economic Outlook 2026.
WASHINGTON--The Defense Credit Union Council praised Sens. Alex Padilla (D-Calif.) and Kevin Cramer (R-N.D.) for reintroducing the CLF legislation (S. 3575), noting that the measure includes updated language previously approved by the Senate and incorporated into the Senate-passed National Defense Authorization Act.
WASHINGTON—Debit card usage continued to grow in 2023, though at a slower pace than in prior years, according to a new Federal Reserve report that highlights rising fraud exposure, shifting cost burdens, and persistent disparities between large and small financial institutions.
WASHINGTON--Friday, Scott Simpson, president and CEO of America’s Credit Unions, met with Alexandria Smith, deputy assistant secretary for community and economic development at Treasury, to discuss credit union priorities related to the Community Development Financial Institutions (CDFI) Fund.
WASHINGTON--The Senate on Thursday confirmed Mike Selig to lead the Commodity Futures Trading Commission and Travis Hill as chairman of the Federal Deposit Insurance Corp., approving the nominations as part of a broader package of nearly 100 executive branch nominees by a 53–43 vote.
