WASHINGTON—NCUA has proposed an interim final rule clarifying federal credit unions’ authority over “non-interest charges and fees,” a move widely viewed as the agency’s response to Illinois’ controversial Interchange Fee Prohibition Act and one that closely tracks recent OCC preemption actions taken on behalf of national banks.
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WASHINGTON—House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters on Tuesday unveiled revised legislation tied to the 21st Century ROAD to Housing Act that would amend the Senate-passed version of the bill, with supporters saying the updated package is designed to boost housing supply, reduce regulatory barriers and restore several community banking provisions removed during earlier negotiations.
ATLANTA—Bitcoin Depot, once the largest bitcoin ATM operator in North America, has filed for Chapter 11 bankruptcy and taken its more than 9,000-kiosk network offline as it begins an orderly wind-down and asset sale, according to the company and CoinDesk.
WASHINGTON--Tuesday, the Defense Credit Union Council wrote to the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence ahead of its May 20, 2026, hearing, “Partnering for Innovation: How Bank-Fintech Collaborations Enhance Financial Infrastructure.”
TUCSON, Ariz.—Tucson Federal Credit Union is partnering with fintech firm InvestiFi to embed digital investing tools directly into its online banking platform, giving members the ability to buy stocks, ETFs and cryptocurrency from within their existing checking account environment.
WASHINGTON--The Small Business Administration (SBA) announced a new rule Monday to allow eligible borrowers to combine their 7(a) and 504 loans for up to $10 million in SBA-backed financing, a 50% increase, America's Credit Unions reported.
WASHINGTON—With comment deadlines nearing for several regulatory proposals, America's Credit Unions has issued a series of Regulatory Comment alerts outlining the proposals, their potential impact on credit unions and guidance for submitting feedback. The organization is also encouraging credit unions to provide input that can help shape its own comment letters to regulators.
JUNEAU, Alaska—The Alaska Senate has unanimously passed SB 249, legislation creating a statewide regulatory framework for virtual currency kiosks, commonly known as Bitcoin ATMs, after supporters said scammers are using the machines to quickly move victims’ money.
OTTAWA, Canada—Canada has introduced legislation to establish a new federal Financial Crimes Agency, marking a significant escalation in the country’s effort to combat money laundering, fraud and other illicit finance risks.
ST. PAUL, Minn.—Banks and credit unions in Minnesota will be permitted to offer certain cryptocurrency custody services beginning Aug. 1 under legislation signed into law Friday by Gov. Tim Walz, a move supporters said will allow state-chartered financial institutions to compete with emerging digital-asset providers, according to TradingView.