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WASHINGTON--The Senate Banking Committee has scheduled a June 25 confirmation hearing for John Crews, President Trump's nominee to serve on the National Credit Union Administration board, setting in motion what sources say could lead to a Senate floor vote as early as July.

HAUPPAUGE, N.Y.—Teachers Federal Credit Union said it has raised more than $1.1 million for Children's Miracle Network, marking a record fundraising year and bringing its total support for the charity to more than $3 million since 2023. 

MCLEAN, Va.—Mortgage rates moved lower for the second consecutive week, with the average 30-year fixed-rate mortgage declining to 6.47%, according to Freddie Mac.

AUBURN HILLS, Mich.—Genisys Credit Union has received the Community Enrichment Award from the Michigan Credit Union Foundation for its “A Path Forward” program, a financial literacy initiative designed to help youth at Oakland County Children's Village prepare for independent financial lives after leaving the juvenile justice system.

WASHINGTON—The U.S. Supreme Court could issue its long-awaited decision in Trump v. Slaughter as early as this week, a ruling that credit union advocates and financial regulators are closely watching for its potential impact on the independence of federal agencies.

WASHINGTON—A federal appeals court has declined to give the Trump administration immediate permission to move forward with plans to eliminate roughly half of the Consumer Financial Protection Bureau’s remaining workforce, instead sending the dispute back to a lower court for further review. The ruling by the U.S. Court of Appeals for the D.C. Circuit leaves in place, for now, barriers to implementing the proposed staff reductions, Reuters reported.

CHARLOTTE, N.C.—Two major Wall Street firms have reversed course and now expect the Federal Reserve to raise interest rates this year, citing a stronger-than-expected economy and a more hawkish policy stance under Fed Chair Kevin Warsh, according to Reuters.