Fresh Today

Fresh Today

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.

 

WASHINGTON— The White House on Friday released a new national policy framework for artificial intelligence that urges Congress to take a light-touch approach to federal AI legislation while calling for stronger support for law enforcement efforts against AI-enabled fraud and scams, according to the White House and multiple news reports.

 

WASHINGTON— With federal banking regulators moving this week to overhaul bank capital rules, the Defense Credit Union Council is urging NCUA to launch its own broad review of credit union capital and net worth requirements, warning that credit unions could be left at a competitive disadvantage if banks receive relief while CUs remain under an older framework.

WASHINGTON— President Donald Trump’s effort to replace Federal Reserve Chair Jerome Powell could end up keeping Powell in place longer, after a Justice Department investigation into Powell’s past Senate testimony has stalled the confirmation of former Fed official Kevin Warsh as his successor, according to the Associated Press.