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WASHINGTON—The House Energy and Commerce Committee has advanced legislation intended to combat illegal robocalls to the full chamber.

WASHINGTON—The CFPB is reconsidering how it examines financial institutions, according to Director Kathy Kraninger, "to ensure that [the Bureau is] risk-prioritizing our resources, utilizing technology to automate certain tasks and taking full advantage of appropriate partnerships with … fellow regulators."

MERIDEN, Conn.--The Credit Union League of Connecticut has named Bruce Adams president/CEO.

CHARLESTON, S.C.–After initially saying it would not do so, Founders FCU here has decided to reimburse members whose accounts were emptied thanks to a sophisticated scam, even though the credit union itself was not at fault and there was no breach.

PACOIMA, Calif.–The effect one bad loan can have on a small CU can be seen in a merger taking place here. The $3-million Pacoima Development FCU, which was founded to serve this community in 2005, said it plans to merge into Gain FCU in Burbank, Calif., as the result of financial struggles.

WASHINGTON—Two pieces of legislation that seek to improve cybersecurity practices at the Small Business Administration and help small businesses across the country defend themselves against cyber threats have passed in the House.

WASHINGTON—Sen. Elizabeth Warren (D-MA) has introduced legislation that would resurrect some provisions of the Glass-Steagall Act, including one again separating commercial banks from investment banks, among other things.

WASHINGTON–The Independent Community Bankers of America has joined with the American Bankers Association and the Appraisal Institute in blasting NCUA for making changes in its rules for appraisal thresholds.