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WASHINGTON—A long-time supporter of credit unions, Rep. Fred Upton (R-MI), announced he will not seek re-election in 2022. Upton, who has served in Congress since 1987.

MARSHALL, Mich.– Marshall Community Credit Union has named a new CEO.

WASHINGTON–The Consumer Financial Protection Bureau (CFPB) said it is using its rulemaking authority to propose that consumer reporting agencies “do not prevent survivors of human trafficking from achieving financial independence.”

WASHINGTON–Speaking to an industry group here, NCUA Board Member Rodney Hood repeated his call for Congress to act so regulators can put a framework in place to allow regulated institutions to serve cannabis-related businesses.

RALEIGH, N.C.—Chuck Purvis, the well-known president and CEO of Coastal Credit Union, has announced plans to retire in March of 2023. The credit union said it has launched a search for a successor.

NORWALK, Conn.—The Financial Accounting Standards Board (FASB) met this week to discuss the elimination of troubled debt restructuring (TDR) account guidance.

WASHINGTON–Treasury Secretary Janet Yellen is promising to look into two issues related to community development financial institutions (CDFIs).

BIRMINGHAM, Ala.–A free webinar titled “Credit Unions and Cybersecurity: Are You Doing Enough in This Environment?” has been announced by Dollar Associates.

PALO ALTO, Calif.– Stanford FCU said it has discontinued non-sufficient funds (NSF) fees in its “ongoing efforts to find new ways to give back to its members.”