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CLINTON TOWNSHIP, Mich. – FreeStar Financial Credit Union is awarding $3,000 in scholarships to three high school graduates.

WASHINGTON–Sixty-five House Democrats have signed a letter to CFPB Director Kathy Kraninger calling on the Bureau to immediately withdraw actions that could lead to fewer institutions subject to Home Mortgage Disclosure Act (HMDA) reporting, less data being reported, and that potentially would replace the CFPB’s current HMDA research tool with a new one.

WASHINGTON—In a letter to the CFPB, NAFCU said it supports proposed amendments to Regulation C that would increase the institutional and transactional coverage thresholds that govern reporting of Home Mortgage Disclosure Act (HMDA) data.

WASHINGTON—On a seasonally-adjusted basis, overall consumer prices increased 0.1% in May. In response, NAFCU Chief Economist and Vice President of Research Curt Long said the association "expects that the combination of weak inflation, slowing economic growth, and ongoing trade risks will prompt a rate cut in the third quarter."

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services has announced the results of its board officer elections.

CHESTERFIELD, Mo.— NewGround has launched Studio One25, a design group it said specializes in creating dynamic retail and corporate environmental solutions that enhance the overall experience and drive business results.

CONCORD, Calif.– The $1.1-billion Pacific Service Credit Union has named a new CEO. The credit union has selected Jenna Lampson to lead the organization, replacing Steve Punch who is retiring after 12 years in the role.

ALBANY, N.Y.—Facebook has applied for the New York BitLicense issued by the New York State Department of Financial Services for its Libra crypto project.

WASHINGTON—The Financial Accounting Standards Board (FASB) has issued a proposed accounting standards update to make technical corrections to its current expected credit loss (CECL) standard.

WASHINGTON—The U.S. House of Representatives Committee on Financial Services has published a letter addressed to Facebook’s executives requesting a suspension of activities on Libra, the company’s new cryptocurrency.