SANDY, Utah—Mountain America Credit Union is working to resolve ongoing member access issues following a major system update that disrupted some debit card transactions, account visibility and digital banking services, according to reports from ABC4.
WASHINGTON—Dallas Federal Reserve Bank President Lorie Logan said this week that strong economic growth, resilient consumer spending and booming corporate earnings are raising the possibility that the Federal Reserve may need to raise interest rates later this year to return inflation to its 2% target, according to Reuters.
NEW YORK—New York’s top banking regulator has ordered Santander Consumer USA, the auto-finance arm of Spain-based Banco Santander, to pay more than $675,000 in penalties and consumer restitution after finding the company charged undisclosed fees tied to auto-loan extensions, Bloomberg Law reported.
WASHINGTON--With NCUA Chairman Kyle Hauptman set to appear before the House Financial Services Committee Thursday, America's Credit Unions submitted comments to the committee addressing priorities for several issues before the committee and regulators.
WASHINGTON—As part of ongoing efforts to keep credit union priorities front and center on Capitol Hill, America’s Credit Unions President and CEO Scott Simpson joined the association’s advocacy team in a series of meetings Wednesday with key lawmakers to discuss issues important to credit unions and their members.
DENVER—Colorado Gov. Jared Polis has vetoed SB26-134, the controversial interchange-fee bill that would have prohibited card issuers and payment networks from charging interchange on the sales-tax portion of transactions, handing credit unions, banks and payments companies a significant victory and avoiding what many feared would become another Illinois-style legal and operational battle.
LONDON—The rapid rise of real-time payments is fundamentally reshaping fraud risk for financial institutions and merchants, compressing the time available to detect suspicious transactions just as artificial intelligence is making fraud faster, more scalable and harder to identify, according to a new analysis from Noam Grinberg, chief risk officer for global enterprise at Nuvei.
GULFPORT, Miss.—A former employee of Keesler Federal Credit Union is scheduled to stand trial in October after being indicted on four counts of embezzlement involving funds she allegedly accessed through her position at the credit union, according to the Sun Herald.
MIAMI—Mortgage delinquency rates climbed in most states during the first quarter of 2026, with several states seeing sharp increases that suggest growing financial strain on homeowners despite a still-resilient national housing market, according to a new analysis from personal finance company WalletHub.
WASHINGTON--The Defense Credit Union Council reported it recently joined a broad coalition of national banking, credit union, financial services, payments, housing, fintech, and student loan trade associations in submitting comments to the Federal Communications Commission (FCC).
