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WASHINGTON— America’s Credit Unions on Wednesday sharpened its ICBA fly-in message, with President/CEO Scott Simpson using a published letter to the editor to argue community bankers are resisting legislation that would strengthen deposit insurance protections for business payroll accounts because it would place credit unions on equal footing with banks.

WASHINGTON— The U.S. economy grew at a 2.0% annualized rate in the first quarter, rebounding from the prior quarter’s 0.5% pace but coming in slightly below economists’ expectations, as a sharp pickup in business investment helped offset weaker consumer spending and a drag from trade, according to the Bureau of Economic Analysis’ advance estimate released Thursday.

WASHINGTON— With fraud targeting older adults continuing to climb, the League System has rolled out a new Elder Exploitation Prevention Toolkit aimed at helping credit unions better identify financial abuse and educate members who may be at heightened risk.

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WASHINGTON— The CFPB on Thursday finalized a rewrite of its small business lending data rule that strips out a Biden-era requirement for FIs to collect demographic information from borrowers, according to a Federal Register notice.

WASHINGTON— Congress on Thursday approved legislation to restore funding to most Department of Homeland Security agencies, ending a record 76-day lapse for operations outside immigration enforcement, POLITICO reported.

WASHINGTON—Fresh warnings from regulators and bank executives across the Asia-Pacific region are reinforcing what may be the clearest message yet for U.S. financial institutions: Anthropic’s Claude Mythos is rapidly moving from experimental cybersecurity tool to a potentially major new source of cyber risk, with concerns now escalating from supervisory circles to the White House.