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WASHINGTON— Senate Republicans unveiled the text of their long-awaited cryptocurrency market structure bill Wednesday, including new restrictions on stablecoin rewards that could have significant implications for banks, while setting the stage for a Senate vote before lawmakers leave for the August recess.

 

WASHINGTON— The Senate Banking Committee on Thursday approved John Crews' nomination to serve on the NCUA board by voice vote, sending the nomination to the full Senate and clearing the way for him to succeed NCUA Chairman Kyle Hauptman, whose board term expired in August 2025.

WASHINGTON— Brian Johnson, President Trump's nominee to lead the CFPB, told senators Thursday he would approach the agency's future with an "open mind," declining to endorse plans to slash most of the Bureau's remaining workforce while signaling he favors structural reforms over eliminating the CFPB altogether, Reuters reported.

SYDNEY, Australia— More than 2,400 credit union and financial cooperative leaders from 39 countries wrapped up the 2026 World Credit Union Conference (WCUC) Wednesday after four days of discussions on leadership, innovation, cybersecurity, regulation and the future of cooperative finance.

WASHINGTON— House Financial Services Committee Republicans are urging the Federal Reserve to take additional steps to speed reviews of bank merger and acquisition applications, including clearing a backlog of long-pending deals and expanding the number of transactions that can be approved without a vote of the Fed's Board of Governors.

McLEAN, Va.— The average rate on a 30-year fixed-rate mortgage edged higher this week, climbing to 6.58% from 6.55% a week earlier, according to Freddie Mac's latest Primary Mortgage Market Survey.