TULSA, Okla.— TTCU FCU has agreed to pay $3 million to resolve a class-action lawsuit alleging that it improperly assessed overdraft and insufficient-funds fees over nearly nine years, according to court filings, Claim Depot reported.
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WASHINGTON— Credit card swipe fees that President Donald Trump calls the “out of control Swipe Fee ripoff” could cost consumers more than $683 million in higher prices this Valentine’s Day, the Merchants Payments Coalition said.
TALLAHASSEE, Fla.-- Legislators in Florida and Missouri are advancing bills that would prohibit money transfer companies from allowing “unauthorized aliens” to send cross-border remittances, potentially reshaping compliance obligations for firms such as Western Union, MoneyGram, Remitly and Wise, Payments Dive reported.
SEATTLE— The GoWest Credit Union Association is making a $200,000 investment to expand its Small Credit Union Accelerator Program, an initiative aimed at helping credit unions with assets under $250 million strengthen operations, grow membership, and navigate rising regulatory and competitive pressures.
WASHINGTON — Treasury Secretary Scott Bessent used his written testimony Thursday to the Senate Banking Committee to signal a sharp shift in how federal regulators should oversee banks and credit unions, arguing that recent supervisory priorities went too far beyond traditional safety-and-soundness concerns and contributed to instability in 2023.
WASHINGTON--The Defense Credit Union Council is asking NCUA to extend the current temporary 18% interest rate ceiling for federal credit union loans beyond its scheduled expiration on March 10, 2026.
MCLEAN, Va.--The 30-year fixed-rate mortgage remained stable this past week, averaging 6.11%, Freddie Mac reported.
WASHINGTON— A sweeping housing bill expected to hit the House floor next week appears to be on track to pass and could become the only major piece of legislation likely to reach President Trump’s desk in the near term, according to congressional sources and credit union advocates tracking the process.
LITTLETON, Mass.— The $2.1-billion Hanscom FCU here and $200-million Alden Credit Union have decided to merge, HFCU announced.
WASHINGTON--Comment deadlines are approaching for several of NCUA’s deregulatory proposals, and America’s Credit Unions’ latest Regulatory Comments provide the details.