Fed Chair Stands Firm: Too Early To Lower Rates Despite Trump’s Push 06/24/2025 02:18 pm WASHINGTON—Despite President Trump’s continuing push for lower interest rates, Federal Reserve Chairman Jerome Powell Tuesday held his ground, saying it is still too soon to begin considering lowering rates.
ACU Asks NCUA To Drop Reputational Risk From Exams, Citing Fed’s Policy Shift 06/24/2025 07:27 am WASHINGTON--In a letter sent to NCUA Chairman Kyle Hauptman, America's Credit Unions requested that the NCUA consider excluding references to reputational risk from supervisory exam programs, providing parity with banks following the Federal Reserve Board's Monday announcement that it will no longer consider reputational risk in bank supervision.
Cyber Sleeper Cells: Why Credit Unions Must Brace For Iran’s Looming Threat To U.S. Financial System 06/24/2025 06:38 pm WASHINGTON—As tensions escalate following the U.S. military strike on Iran’s nuclear facilities, financial institutions must prepare for what could be Iran’s most effective and devastating form of retaliation: cyberattacks.
Fiserv Enters Stablecoin Space With FIUSD, Aims For Year-End Rollout 06/25/2025 10:27 am MILWAUKEE—Fiserv plans to launch a new Fiserv digital asset platform, including a new stablecoin (FIUSD) that will be added to Fiserv’s existing banking and payments infrastructure by the end of the year, the company announced.
Defense Credit Union Council Files Multiple Letters And Comments Ahead Of Key Congressional Hearings 06/24/2025 06:08 pm WASHINGTON--The Defense Credit Union Council submitted letters and comments ahead of key congressional hearings this week.
Jacksonville Woman Indicted For $60K Credit Union Fraud Using Stolen Identities 06/24/2025 06:24 pm JACKSONVILLE, Fla.—A Jacksonville credit union member is facing serious prison time after being indicted for allegedly opening more than $60,000 in fraudulent loans and accounts using stolen identities, Jacksonville.com reported.
ABA Launches Free Platform To Help Banks Instantly Verify Government Checks 06/25/2025 10:39 am WASHINGTON—The American Bankers Association has launched a new, free, online platform that will allow member banks to more easily verify government checks and their payee information through the U.S. Treasury Department's existing Treasury Check Verification System (TCVS), the ABA announced.
