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NEW YORK—Efforts by FICO to incorporate buy now, pay later activity into U.S. credit scores have hit a roadblock, with major installment payment providers pushing back over concerns about consumer impact, The Wall Street Journal reported.

ILMCU 2024 Impact Graphic

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WASHINGTON—From veteran league executives to small credit union CEOs, industry leaders are voicing support for Scott Simpson as the new president and CEO of America’s Credit Unions, calling him a proven advocate, strategic thinker, and unifying force at a pivotal time for the movement—which has taken increasing fire from Washington in the past year and faced a significant threat to its tax status.

WASHINGTON—The Defense Credit Union Council Tuesday convened an “urgent” industry-wide call to address a growing push to attach unrelated and potentially damaging amendments, including the controversial Credit Card Competition Act (CCCA), to the Fiscal Year 2026 National Defense Authorization Act (NDAA).