Fresh Today

Fresh Today
 

WASHINGTON--America’s Credit Unions President and CEO Scott Simpson, along with Councils Executive Committee Chair Brad Barnes, presented Nader Moghaddam, CEO of Financial Partners Credit Union, with the Councils’ 2026 Greg Inman Servant Leadership Award. 

BOSTON — Federal Reserve Gov. Christopher J. Waller said Tuesday the central bank is moving aggressively but cautiously to embed artificial intelligence across its operations, arguing that a coordinated, systemwide approach is essential as AI, tokenization and other technologies reshape finance and payments.

PLANO, Texas— A new federal tax deduction allowing consumers to deduct interest on qualifying auto loans is being billed as a borrower benefit, but newly issued regulations from the U.S. Department of the Treasury and the Internal Revenue Service show the program will impose significant compliance and reporting obligations on credit unions and other auto lenders.