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WASHINGTON–With the Federal Reserve set to meet this week on rates, the price index it watches most closely climbed 6.6% in the year through March, according to new federal data, the fastest pace of inflation since 1982.

ARLINGTON, Va.–Credit unions, the financial services industry in general, merchants, consumer groups and more will be paying attention to two separate congressional hearings focused on card swipe fees and overdraft fees, respectively

NEW YORK–Three New York-based credit unions have won an injunction in a case involving a law passed by the state that reduces the rate of interest that can be charged on certain consumer debt.

WASHINGTON—Credit unions strongly oppose any expansion of the Durbin Amendment through antirust or any body of law, CUNA, NAFCU, the American Bankers Association and other organizations have stated in a letter to Senate Judiciary Committee.

SAN JUAN, P.R.­–The CUNA Mutual Group Foundation said it has committed to invest $1 million to build equity in credit unions led by and/or serving people of color through Inclusiv’s Racial Equity and Resilience Investment Fund.

CHICAGO–During a meeting at which payments, and especially faster payments, was front-and-center in nearly every presentation, credit unions were cautioned not to let the need for speed cause them to rush right past their fundamental mission.

WASHINGTON—Ahead of its hearing this week on overdraft fees, both NAFCU and CUNA each wrote   to the Senate Banking Committee Subcommittee on Financial Institutions and Consumer Protection urging caution when it comes to any new laws around overdrafts and overdraft programs.

SAN JUAN, Puerto Rico—Calling the Community Development Revolving Loan Fund one of NCUA’s “most impactful initiatives,” agency Chairman Todd Harper told attendees at Inclusiv’s Annual Conference here NCUA hopes to expand the program

CHICAGO–Need a reality check on just what kind of competition credit unions are up against? One audience here was urged to open their phones, visit their respective app stores and search “debit card.” What came up first for everyone had nothing to do with credit unions—with the exception of taking members.

PLYMOUTH, Mich.—The $1.2-billion Community Financial Credit Union has named a new president and CEO to succeed the retiring Bill Lawton, who has had a 40-year career in credit unions. CFCU has named Tansley Stearns to lead the organization.