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WASHINGTON—Credit unions are preparing to support members through what appears to be an imminent government shutdown. But this round may prove more challenging for both members and credit unions as new details emerge from Washington.

WASHINGTON—The Federal Trade Commission announced a landmark settlement with Amazon.com, Inc. and two of its executives, resolving claims the company deceptively enrolled millions of consumers in Prime memberships and deliberately made cancellations difficult. Under the order, Amazon must pay a $1 billion civil penalty, return $1.5 billion in refunds to affected consumers, and halt the unlawful enrollment and cancellation practices tied to Prime.

ALEXANDRIA, Va. – NCUA has ceased using reputation risk and equivalent concepts in the examination and supervisory process, the agency announced.

WASHINGTON--A recent CFPB proposal to adopt a standard definition to designate nonbanks for CFPB supervision would create an uneven playing field for credit unions. In comments filed with the Bureau Thursday, America’s Credit Unions Regulatory Affairs Counsel Tyler Maron expressed appreciation to the Bureau for working to limit regulatory burdens, while also raising these concerns about the impact to credit unions.

SAN ANTONIO—The $18.8-billion Randolph-Brooks Federal Credit Union has become the official credit union of the San Antonio Spurs, the NBA team announced.

WASHINGTON − Lisa Cook’s lawyers cautioned Thursday that the Supreme Court would invite “chaos and disruption” if it allowed President Donald Trump to remove her from the Federal Reserve Board, USA Today reported.

WASHINGTON—Mortgage rates are forecast to end 2025 and 2026 at 6.4% and 5.9%, respectively, according to the September 2025 Economic and Housing Outlook from the Fannie Mae Economic and Strategic Research (ESR) Group.