WASHINGTON— Federal Reserve Gov. Stephen Miran said Monday it remains too early to determine how the economic fallout from the U.S.-Iran conflict should affect monetary policy, even as he continued to argue the central bank should keep cutting rates to support a softening labor market.
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KENNEWICK, Wash.— Doug Wadsworth, president/CEO of the $75-million Tri-CU Federal Credit Union and president of the Endangered Small Credit Union Defense (ESCUD), is pressing both the NCUA and CFPB to give small credit unions broad relief from NMLS/SAFE Act mortgage-loan originator requirements, arguing the rules impose costly compliance burdens with little or no consumer or safety and soundness benefit.
WASHINGTON— The Financial Stability Oversight Council’s Office and the Treasury Department’s Artificial Intelligence Transformation Office have launched a new public-private “AI Innovation Series,” a four-roundtable initiative Treasury said is designed to help financial institutions, technology firms and regulators identify high-value AI use cases while preserving safety, soundness and resilience across the U.S. financial system.
WASHINGTON— With the Department of Homeland Security shutdown now stretching into its second month, the Defense Credit Union Council said Monday the standoff has become the most urgent issue on Capitol Hill for institutions serving military families and federal workers—while also warning that the budget fight may be accelerating momentum toward a broader reconciliation package that could reopen concerns over the credit union tax exemption.
WASHINGTON— America’s Credit Unions President/CEO Scott Simpson said Monday he came away from Friday’s roundtable with House Financial Services Committee Chairman French Hill “optimistic” that credit unions will remain part of ongoing discussions around regulatory relief, including the question of parity with community banks.
ALEXANDRIA, Va. – NCUA Monday released the March 2026 update of its Simplified CECL Tool.
MIAMI— A federal judge in Florida has dismissed a lawsuit brought by President Donald Trump’s business entities accusing Capital One of closing hundreds of accounts after the Jan. 6, 2021, Capitol riot, but left the door open for the plaintiffs to try again with a revised complaint.
CHICAGO--The Illinois Credit Union League and America's Credit Unions have an ad featured in a special edition of USA Today to raise awareness about the consequences of the state's Interchange Fee Prohibition Act (IFPA) and how credit unions are fighting to keep the payments system working for consumers.
WAYNESVILLE, N.C.—Amy Woody, president and CEO of the $120-million Mountain Credit Union, will retire in April after 28 years of service with the organization and 34 years in the credit union movement, according to the Carolinas CU League.
BOZEMAN, Mont.— FICO has launched a new digital platform designed to help lenders test credit scoring strategies, benchmark portfolio performance and explore ways to expand credit access, with one credit union already highlighting its use of the tool.