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ALEXANDRIA, Wash.–NCUA has retained an independent auditor to conduct what it said will be a “full-scope” material loss review (MLR) related to the failed Indianapolis’ Newspaper FCU, according to an agency Office of Inspector General report filed with Congress.

YUBA CITY, Calif.–Sierra Central Credit Union has named a new CEO to succeed the retiring John Cassidy, while in Texas DATCU has named a new president.

WASHINGTON—A bill has been introduced in Congress that would prevent the Small Business Administration (SBA) from making direct loans under the 7(a) loan program.

ST. PETERSBURG, Fla.–Strong consumer spending in the initial weeks of the holiday season can be seen in the latest PSCU Payments Index.

AUSTIN, Texas–While nearly all eyes have been focused on NCUA and its new rule for what qualifies as a “service facility” for purposes of serving underserved communities, a new rule has also been approved for Texas’ state-chartered CUs.

NAPERVILLE, Ill.–The “#ILoveMyCreditUnion” social media initiative will be returning in 2022, and a date has been selected, according to the Illinois Credit Union League, which championed the effort.

LAS VEGAS–Silvur, an app designed to support Americans aged 50+ “navigating modern retirement,” was named as Best of Show during the Venture Tech fintech showcase here.

ATLANTA—A court has ruled in favor of a rehearing in a case involving the electronic transmission of debtor information.