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WASHINGTON—The Defense Credit Union Council Monday announced its support for H.R. 6955, the Main Street Capital Access Act, and urged Congress to pass the legislation.

WASHINGTON— The Defense Credit Union Council on Monday urged Congress to modernize anti-money laundering oversight, telling a House Financial Services subcommittee that credit unions serving military members and veterans are increasingly on the front lines of combating sophisticated financial crimes.

WASHINGTON—Monday, the Defense Credit Union Council submitted comments to the House Appropriations Committee ahead of its hearing, "Funding Lapses: Analyzing Shutdown Reform," urging Congress to enact bipartisan reforms that protect servicemembers, Coast Guard personnel, veterans, federal employees, and military families from the financial consequences of future government shutdowns. 

GREENVILLE, Pa.—Bessemer System Federal Credit Union has filed a proposed nationwide class action against TruStage Financial Group, alleging the company's cybersecurity practices were inadequate and that a July cyber incident disrupted critical services relied on by credit unions across the country. The complaint was filed July 17 in the U.S. District Court for the Western District of Wisconsin.