NEW YORK — Federal prosecutors on Wednesday accused the founder of Tricolor Holdings of orchestrating a years-long scheme to defraud the subprime auto lender’s biggest banks and investors out of nearly $1 billion, announcing arrests of two former top executives and guilty pleas by two others, the Associated Press reported.
ALEXANDRIA, Va.— The NCUA board on Thursday approved its final 2026–2027 budgets, trimming millions of dollars from earlier proposals while also confirming that federal credit unions will pay less in operating fees in 2026.
WASHINGTON--Collaborating on a wide range of issues affecting the movement, America’s Credit Unions, American Association of Credit Union Leagues (AACUL), and state league communications and engagement staff planned ahead for 2026. Staff from across the country met for an online meeting Dec. 16, to follow up on discussions at the AACUL Winter Meeting earlier this month, ACU reported.
WASHINGTON--At its Tuesday Board meeting, the Federal Deposit Insurance Corporation issued a notice of proposed rulemaking for FDIC-regulated institutions to issue stablecoins through subsidiaries, America's Credit Unions reported.
WASHINGTON--With penny supplies tightening nationwide, credit unions are being urged to treat the shortage not as a disruption, but as a test of member service—one best met with early communication, clear explanations, and tailored guidance for different member needs, according to America’s Credit Unions.
SAN FRANCISCO—Visa is expanding its push into the stablecoin arena with a new advisory service that could give credit unions an early foothold in how the digital assets are deployed across payments and settlement—and two large CUs are already participating.
COLUMBUS, Ohio— Klarna has launched a new open standard aimed at making merchant products more visible and usable by artificial intelligence agents, as competition accelerates around “agentic commerce,” PYMNTS reported.
NEW YORK — The CHIPS, EPN, and RTP networks each reported record activity in November, according to The Clearing House.
CHATTANOOGA, Tenn., and JACKSON, Miss.—Members of the Mississippi Credit Union Association and the Tennessee Credit Union League have overwhelmingly approved a merger that will formally unite the two state trade groups, the organizations announced Tuesday.
WASHINGTON—U.S. employers added 64,000 jobs in November, beating economists’ forecasts, according to new government data, though revised figures showed the economy lost 105,000 jobs in October—signaling continued strain in the labor market.
