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CINCINNATI— Auto lenders, including credit unions, should brace for a leasing strategy that may not be going away anytime soon, as automakers increasingly advertise low monthly payments by pairing subsidized lease offers with larger amounts due at signing—a tactic Swapalease.com EVP Scot Hall said is likely to remain a fixture as vehicle prices stay high and consumers stay fixated on payment.

WASHINGTON— Federal Reserve Governor Christopher Waller this week used a speech at The Brookings Institution here to argue the central bank should further centralize and standardize many of its operational functions, saying the current structure leaves the Fed with higher costs, duplicated systems and avoidable risks in areas that matter directly to financial institutions, including payments, technology, supervision support and Treasury fiscal-agent work.

WASHINGTON — Mortgage applications increased 7.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April.

SACRAMENTO, Calif.—California’s financial services regulator is facing a proposed class action from debt collectors that alleges the agency has been unlawfully overcharging them for licenses and supervision, in a case that could put millions of dollars in annual assessment fees at issue.

WASHINGTON--The Senate Appropriations Subcommittee on Financial Services and General Government (FSGG) is hearing from Treasury Secretary Scott Bessent on the agency’s FY27 budget request Wednesday. After funding was lowered or zeroed out in the administration’s budget proposal, America’s Credit Unions reiterated calls for full funding of credit union priorities.

WASHINGTON--The CFPB has finalized its rule updating the Equal Credit Opportunity Act (ECOA) and its implementing regulation, Regulation B, reported America's Credit Unions, noting the final rule is identical to the proposed rule, which balances fair lending with consumer protection.

WASHINGTON--The House Financial Services Committee advanced regulatory relief legislation Tuesday, reported America's Credit Unions, which supports the bill.