WASHINGTON--The Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency have issued a joint statement on continued efforts to provide clarity on banks' engagement in crypto-asset-related activities.
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EAST HARTFORD, Conn.—The $140-million Finex Credit Union here has named Joseph Bartolotta president and chief executive officer, the CU League Of Connecticut reported.
ALEXANDRIA, Va.—The Defense Credit Union Council Tuesday wrote a letter to NCUA Chairman Kyle Hauptman encouraging the agency to align its fair lending supervisory approach with recent federal regulatory guidance and rulings – specifically by removing disparate-impact analysis from examiner reviews.
WASHINGTON—Consumer prices rose at their fastest pace in five months in June, fueled by higher costs for certain goods—a sign that tariffs may be starting to influence inflation, possibly prompting the Federal Reserve to hold off on any interest rate moves until at least September, Reuters reported.
WASHINGTON--The CFPB’s medical debt rule is now overturned as a Texas judge vacated the rule following a successful legal challenge from the Cornerstone League and Consumer Data Industry Association, America's Credit Unions reported.
WASHINGTON—In a significant shift that could have major implications for the credit union industry, House Republican leaders have agreed to attach the Anti-CBDC (Central Bank Digital Currency) Surveillance State Act to the must-pass FY2026 National Defense Authorization Act (NDAA)—a move that has raised alarm bells within the Defense Credit Union Council, which became aware of the decision on Thursday.
ALEXANDRIA, Va.—With NCUA announcing it will hold a public hearing on a request from Dade County FCU to expand its existing community charter, one attorney believes any actions taken by the board during the Sept. 23 hearing will likely not be challenged.
PLANO, Texas— Consumer credit growth slowed sharply in May, with revolving debt—primarily credit cards—posting its first decline since last November. For credit unions, this could signal a shift in member behavior amid persistently high interest rates and softening disposable income, according to one economist’s data.
WASHINGTON—The Office of the Comptroller of the Currency (OCC) has eliminated references to supervising banks for disparate impact liability from the “Fair Lending” booklet of the Comptroller’s Handbook and has begun removing similar language from other guidance, the OCC stated in a bulletin.
NEW YORK —At least 178 new financial institutions from across the U.S. went live with or signed with Zelle during Q4 2024 and Q1 2025, the company announced.