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.
SPARKS, Md.—The $1.25-billion First Financial FCU here and $14.1 St. Joseph Medical Center FCU, based in Towson, intend to merge, the Baltimore Sun reported.
WASHINGTON—In a busy week in Washington, credit union trade groups are focused on two key matters: the joint resolution to overturn the CFPB’s overdraft rule and next steps in tax reform legislation.
WASHINGTON--Shortly after being confirmed, Treasury received a letter Friday from America’s Credit Unions President/CEO Jim Nussle, who welcomed him to the position while also sharing several credit union priorities with the Treasury.
WASHINGTON—The CFPB announced Friday that it will not enforce restrictions on payday lending set to take effect over the weekend.
WASHINGTON—Friday, U.S. District Judge Amy Berman Jackson granted a motion for a preliminary injunction in the lawsuit brought by the National Consumer Law Center (NCLC) and other plaintiffs against the Consumer Financial Protection Bureau and CFPB Acting Director Russell Vought.
WASHINGTON—Thirty-six members of congress Friday urged the House Ways & Means Committee leaders to protect CU tax status.
