Fresh Today

WASHINGTON—In a sign of the depth of staff cuts that may come at NCUA, the FDIC is reportedly seeking to reduce its workforce by a another 20% as part of an effort to reduce the overall size of government.

WASHINGTON—A Federal Reserve survey of risk officers at financial institutions found that debit card fraud was the leading driver of fraud losses in 2024, closely followed by check fraud, ABA Banking Journal reported.

SAN JOSE, Calif.— PayPal has passed $30 billion in global loan originations and has extended more than 1.4 million loans and cash advances to more than 420,000 business accounts globally since 2013, the company announced.

NEW YORK—Credit union members are becoming increasingly concerned about protecting their data, reveals a new study that also shows a high percentage of CUs are planning to offer biometric authentication or digital identity in the next three years.

WASHINGTON—The firing of NCUA Democratic Board Members Todd Harper and Taya Otsuka are driving a great deal of conversation on Capitol Hill, the Defense Credit Union acknowledged.

WASHINGTON— House Democrats are urging Treasury Secretary Scott Bessent to exempt the Community Development Financial Institutions (CDFI) Fund from a recent executive order that mandates reduced operations, ABA Banking Journal reported.

WASHINGTON--Congress is out on recess for one more week, but America’s Credit Unions, leagues, and credit unions are engaging with lawmakers in their home districts and in Washington to fight for credit union priorities, ACU said.

CINCINNATI—The auto industry is in somewhat of “chaotic” state this year, with uncertainty being driven by more than just Trump tariffs, according to one automotive industry expert.

WASHINGTON—Capital One has secured approval from both the Federal Reserve  Board and the Office of the Comptroller of the Currency to acquire and merge with Discover Financial Services, the agencies announced Friday, CNN reported.