WASHINGTON—The Defense Credit Union Council Tuesday submitted a letter to House Financial Services Subcommittee on Housing and Insurance Chairman Mike Flood and Ranking Member Emanuel Cleaver following the Feb. 11, 2026, hearing, “Homeownership and the Role of the Secondary Mortgage Market.”
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CHICAGO — In a closely watched ruling issued Tuesday, Chief U.S. District Judge Virginia M. Kendall delivered a split decision on Illinois’ Interchange Fee Prohibition Act (IFPA), dealing credit unions both a partial win and a continuing compliance risk as the state’s novel swipe-fee law moves closer to its July 1, 2026 effective date.
NEW YORK- Total U.S. household debt reached a record $18.8 trillion in the fourth quarter, rising by $191 billion, as mortgage, credit card, auto, HELOC and student loan balances all increased, according to the New York Fed’s latest Quarterly Report on Household Debt and Credit.
TAMPA-- Velera has been named to Forbes’ America’s Best Midsize Employers 2026 list, produced in collaboration with Statista — the company’s fourth consecutive year receiving the honor, the CUSO said.
WASHINGTON — The Defense Credit Union Council is bracing for a likely Department of Homeland Security shutdown at midnight Friday, warning that Coast Guard members could be forced to work without pay while Congress remains stalled on a funding deal and broader policy fights complicate prospects for a quick resolution.
RAINBOW CITY, Ala.—The $1.1-billion Family Savings Credit Union here has agreed to acquire the Elkmont and Rogersville branches of Citizens Bank & Trust in this state, marking the credit union’s second bank branch acquisition agreement.
ALEXANDRIA, Va.--NCUA Tuesday announced the fifth round of proposed regulatory changes associated with the agency's Deregulation Project.
RICHMOND, Va.--The U.S. Court of Appeals for the Fourth Circuit on Monday revived part of a discrimination lawsuit against Navy Federal Credit Union, ruling that a lower court moved too quickly in barring class claims before discovery, Law360 reported.
WASHINGTON--Pushing for an increase in the Home Mortgage Disclosure Act (HMDA) reporting threshold, America’s Credit Unions responded to the CFPB’s HMDA data collection request for comment.
WASHINGTON--Calling them “common-sense updates,” America’s Credit Unions is backing the NCUA’s proposed updates to Part 715 that modernize supervisory committee audit and verification requirements while maintaining strong oversight and examiner access. In addition to the Part 715 letter, America’s Credit Unions submitted comments on two other proposed actions that are part of NCUA’s Deregulation Project.