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WASHINGTON—A new survey of policymakers and credit union leaders shows America’s Credit Unions has expanded its influence in Washington, rising in reputation and recognition among federal decision-makers.

NEW YORK—Federal Reserve Governor Christopher Waller said he continues to support additional rate cuts, despite conflicting economic signals.

WASHINGTON--As the government shutdown enters its third week, leagues and credit unions are offering tailored support to impacted federal workers and military servicemembers to ensure members can still meet their financial obligations, America's Credit Unions reported.

SAN JOSE, Calif.—Crypto industry observers were left stunned Wednesday after blockchain data showed Paxos—the regulated issuer of PayPal’s PYUSD stablecoin—had mistakenly minted an eye-popping $300 trillion worth of tokens on Ethereum. Roughly 20 minutes later, the entire amount was “burned,” or permanently removed from circulation, in what the company described as an internal error, Yahoo Finance reported.

WASHINGTON—White House Budget Director Russell Vought said Wednesday he plans to shut down the CFPB, PYMNTS reported.

COLUMBUS, Ohio—Klarna is deepening its collaboration with Google to help launch the new Agent Payments Protocol (AP2)—an open standard aimed at enabling secure, AI-powered payments. The move expands on the companies’ existing integrations and underscores their shared push toward smarter, automated commerce experiences, PYMNTS said.

NEW YORK— Credit unions serving large immigrant communities are likely experiencing a sharp increase in remittance activity, as immigrants in the U.S. send more money home in response to rising deportations.

PITTSFORD, N.Y.—One of the clearest warning signs that a small credit union may be drifting toward a merger often doesn’t show up in its balance sheet first—it shows up in its board minutes.

ORLANDO, Fla.—If there was one revealing moment during Wednesday morning’s Credit Union Executive Panel at VeleraLIVE, it may have been what happened when moderator Mark Sievewright asked for a show of hands from the audience on two hot-button issues: how many credit union leaders had a clear AI strategy, and later, how many had a stablecoin strategy. In both cases, very few hands went up.

ORLANDO, Fla.—America’s Credit Unions President/CEO Scott Simpson offered a candid, wide-ranging assessment of the industry’s biggest threats and fault lines during a fireside chat with Velera President/CEO Chuck Fagan on Wednesday, telling credit union leaders the most immediate job in Washington is knowing the difference between a real crisis and a threat that still needs to be watched.