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WASHINGTON—A federal appeals court has ruled the Federal Reserve has broad authority to deny or terminate master accounts for financial institutions, rejecting a Puerto Rico-based lender’s argument that it had a statutory right to access the Fed’s payment system, Reuters reported.

WASHINGTON--The House Financial Services Committee advanced four credit union-supported bills related to fighting fraud and AI innovation Wednesday, reported America’s Credit Unions, which noted it wrote in support of the bills prior to the markup.

WASHINGTON--Wednesday, the Senate rejected a series of Congressional Review Act resolutions that would have restored CFPB final rules issued under the previous administration dealing with overdraft programs, medical debt and the Military Lending Act.

WASHINGTON--New proposals issued this week by Nacha, the organization governing automatic clearinghouse (ACH) payments, are now accepting comments, America’s Credit Unions reported, noting it is analyzing the proposals to submit comments by the deadlines.

MCLEAN, Va.--The 30-year fixed-rate mortgage moved lower this past week, averaging 6.36%, Freddie Mac reported.