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WASHINGTON--In a comment letter to the Federal Communications Commission (FCC), America’s Credit Unions, the Defense Credit Union Council, and other trade associations offered support for a proposal to place stricter “know your customer” (KYC) rules on voice service providers.

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Katie Turner-Carr

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WASHINGTON—With Congress heading into a shortened legislative week ahead of the Fourth of July recess, the nation's two largest credit union trade groups are pressing lawmakers to advance a series of industry priorities, from housing legislation and anti-money laundering relief to defense authorization measures and small business initiatives.

WASHINGTON—In a landmark ruling that could reshape the independence of federal regulatory agencies, the U.S. Supreme Court ruled Monday that President Trump has the constitutional authority to remove Federal Trade Commission commissioners at will, striking down the agency's decades-old statutory job protections and overturning its 1935 Humphrey's Executor precedent.