WASHINGTON—The Defense Credit Union Council has sent a letter to the Senate Banking, Housing, and Urban Affairs Committee strongly opposing the Credit Card Competition Act (CCCA).
Fresh Today
TROY, Mich.— A new study finds credit unions facing challenges in attracting and retaining younger members, primarily due to digital banking experiences and overdraft fees.
WASHINGTON—Elon Musk’s role as a senior White House adviser may soon conclude, along with his ambitious government-cutting initiative, the Department of Government Efficiency (DOGE), Politico reported.
WASHINGTON--In an effort to ensure credit unions are kept in mind amid discussions to improve community banking, America’s Credit Unions provided feedback on a slate of bills and principles discussed during an earlier House Financial Services Committee hearing titled “Make Community Banking Great Again.”
WASHINGTON--Inclusiv has filed a lawsuit against the U.S. Environmental Protection Agency (EPA) and Citibank, seeking "declaratory and injunctive" relief from EPA’s attempt to terminate a program created and funded by Congress, Inclusiv reported.
WASHINGTON— The IRS's law enforcement division has introduced a new program to provide financial institutions with measurable insights into how the agency utilizes suspicious activity reports in federal crime investigations, ABA Banking Journal said.
AUGUSTA, Maine—New legislation in this state would authorize a study into how Maine can support the banking needs of the recreational and medical cannabis industries, which last year brought in about $500 million to the Pine Tree State and employed thousands of workers, the Portland Press Herald reported.
ATLANTA—Credit unions need to increase their efforts to educate members about how to prevent fraud, according to one analyst who points out social media is simply painting a bigger target on consumers’ backs.
ALEXANDRIA, Va.--NCUA issued four consent orders and two prohibition notices in March 2025, the agency said.
WASHINGTON—The Federal Reserve, FDIC, and Office of the Comptroller of the Currency announced plans to rescind the 2023 Community Reinvestment Act final rule due to ongoing litigation. Instead, they will revert to the previous CRA framework, ABA Banking Journal reported.