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WASHINGTON–The CFPB has issued an interpretive rule clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act (ECOA) and Regulation B includes sexual orientation discrimination and gender identity discrimination.

ALEXANDRIA, Va.–Two months after the NCUA board approved two proposals, the agency has now opened up the comment window feedback on its proposal to simplify rules on risk-based capital and to add an “S” to the CAMEL rating system.

WASHINGTON—CUNA said it strongly supports the Federal Housing Finance Authority’s (FHFA) efforts to build a strong enterprise liquidity framework, it wrote to the agency in response to an FHFA proposal to implement four liquidity and funding requirements for Fannie Mae and Freddie Mac.

ALEXANDRIA, Va.–NCUA will host a webinar on March 24 about potential areas of credit risk resulting from the COVID-19 pandemic.

WASHINGTON—The Federal Trade Commission is launching a new initiative aimed at partnering with community legal aid organizations to expand its outreach to lower-income communities to encourage them to report fraud.

FORT WAYNE, Ind.––ProFed Credit Union has named a new CEO. The $569-million ProFed has added the CEO title to the role of Konstantina (Nina) G. Baker, who had been serving as president  since January 2020.

SAN DIEGO—Many more credit unions will likely be included among the organizations affected by the massive breach of Microsoft’s Outlook email service that was announced this week, according to sources who believe the full extent of the hack has yet to be revealed—and copycat attacks may follow.

TALLAHASSEE, Fla.– United Solutions Company (USC) and Coconut Software have agreed to a partnership.