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WASHINGTON—Two influential Republican senators have signed on to the Credit Card Competition Act, giving new momentum to legislation fiercely opposed by credit unions and potentially turning a dispute over cryptocurrency legislation into a renewed battle over interchange fees.

WASHINGTON—The Federal Reserve is simplifying its Borrower-in-Custody program as part of its broader discount window modernization effort, with changes aimed at making it faster and easier for eligible financial institutions to pledge loans as collateral. The changes take effect Sept. 8.

MILWAUKEE—Two of the largest providers of technology to banks and credit unions are weighing additional asset sales as investor pressure, slowing growth and competition from fintechs push Fiserv and FIS to rethink sprawling portfolios built through years of acquisitions.

WASHINGTON—America’s Credit Unions is urging the Consumer Financial Protection Bureau to modernize federal mortgage disclosure requirements, arguing that overly technical rules impose disproportionate costs on credit unions and can unnecessarily delay mortgage closings.

HARRISBURG, Pa.—A federal grand jury has indicted a Pennsylvania man who allegedly used his position as a credit union board member to gain control of more than $1 million in an elderly woman's retirement savings before spending nearly all of the money on property, a pickup truck and other purchases, according to the U.S. Attorney's Office for the Middle District of Pennsylvania.

NEW YORK— The reported interest by several of the nation's largest banks in acquiring Fiserv's debit card network has largely been viewed as another chapter in the long-running battle over interchange fees and the Durbin Amendment.