SCOTTSDALE, Ariz.—The standalone Zelle app is no longer available for sending or receiving money. Users are now encouraged to enroll through a participating bank or credit union’s app to continue using the peer-to-peer payment service, PYMNTS reported.
WASHINGTON—The Office of the Comptroller of the Currency has decided to withdraw from the interagency principles for climate-related financial risk management for large financial institutions, reported the ABA Banking Journal.
TALLAHASSEE, Fla. – The Credit Union Impact Foundation, the charitable arm of The League of Credit Unions, has opened the application portal for the Growth and Impact Grant Program.
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).
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.
