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CHARLOTTE, N.C.— Bank of America will pay about $21,500 to resolve a Fair Labor Standards Act lawsuit accusing it of failing to pay hourly employees for time spent booting up and shutting down computers before and after their shifts, after a federal judge in North Carolina approved the deal and ordered the case dismissed pending payment, Law360 reported.

NEW ORLEANS--Built to elevate the small credit union voice while helping those institutions address unique challenges, America’s Credit Unions’ Small Credit Union Conference kicked off here Monday.

WASHINGTON--The Defense Credit Union Council on Tuesday directly engaged both the House and Senate Armed Services Committee leadership outlining bipartisan priorities for inclusion in the FY2027 National Defense Authorization Act (NDAA). 

WASHINGTON--CU Student Choice, the leading provider of education financing solutions for credit unions, marked its 18th anniversary on May 5 at a pivotal moment for the industry, with significant changes and new opportunities on the horizon in the student loan space. 

WASHINGTON—The White House is continuing to push back against Anthropic’s effort to expand access to Claude Mythos, the company’s powerful cybersecurity-focused AI model, amid growing concerns the tool could be used to identify and exploit vulnerabilities in critical systems.

TAMPA-- Velera announced it will provide Cedar Point Federal Credit Union with debit and credit card processing services and support. 

NEW YORK—A Second Circuit panel has refused to let a group of gas stations pursue separate antitrust claims against Visa and Mastercard over swipe fees, holding they remain bound by the earlier $5.6-billion merchant settlement.

BAKERSFIELD, Calif.--With Congress in recess the first week of May, California’s credit unions used the opportunity to connect with lawmakers at home, meeting Friday with Vince Fong at Valley Strong Credit Union, America's Credit Unions reported.