WASHINGTON—The Justice Department has asked a federal judge to vacate a prior ruling that blocked grand jury subpoenas issued in its investigation of Jerome Powell, marking the latest procedural step after prosecutors moved to close the case, American Banker reported.
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TAMPA-- Velera announced it will provide Cedar Point Federal Credit Union with debit and credit card processing services and support.
NEW YORK—A Second Circuit panel has refused to let a group of gas stations pursue separate antitrust claims against Visa and Mastercard over swipe fees, holding they remain bound by the earlier $5.6-billion merchant settlement.
BAKERSFIELD, Calif.--With Congress in recess the first week of May, California’s credit unions used the opportunity to connect with lawmakers at home, meeting Friday with Vince Fong at Valley Strong Credit Union, America's Credit Unions reported.
NEW ORLEANS--Built to elevate the small credit union voice while helping those institutions address unique challenges, America’s Credit Unions’ Small Credit Union Conference kicked off here Monday.
LIVONIA, Mich.--As new ACH fraud-monitoring rules begin rolling out and credit-push fraud continues to climb, financial institutions are being warned that account validation can no longer be treated as a routine compliance step, but instead must become a core fraud-prevention tool across ACH, wires, cards and other digital payment channels.
CHICAGO— New data from TransUnion show auto loan demand remained under pressure heading into 2026, with originations slipping even as monthly payments and financed amounts continued climbing and delinquency growth, while still rising, began to cool.
BASEL, Switzerland— Dollar-backed stablecoins could become a source of broader financial instability if they continue to grow without tighter, coordinated oversight, with the Bank for International Settlements warning the tokens increasingly resemble fragile investment vehicles rather than money and could create stress for banks, funding markets and monetary policy, stated BIS General Manager Pablo Hernández de Cos.
CHARLOTTE, N.C.— Bank of America will pay about $21,500 to resolve a Fair Labor Standards Act lawsuit accusing it of failing to pay hourly employees for time spent booting up and shutting down computers before and after their shifts, after a federal judge in North Carolina approved the deal and ordered the case dismissed pending payment, Law360 reported.
MIAMI--Auto loan delinquency rose in every state but one between the third and fourth quarters of 2025, with some of the sharpest increases showing up in markets that still have relatively low overall delinquency rates, according to a new WalletHub analysis that could add to ongoing concerns for lenders.