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ARLINGTON HEIGHTS, Ill.–Rex Johnson, who pioneered expanded lending strategies by credit unions as both a CEO and with his own company, has died. Mr. Johnson was 77.

WASHINGTON—NAFCU said it is supporting the CFPB's proposal to delay mandatory compliance with its general qualified mortgage (QM) definition, which replaces the debt-to-income (DTI)-based calculation with one based upon an average prime offer rate (APOR).

NEW YORK – New York Attorney General Letitia James, as part of a bipartisan coalition of 24 state attorneys general, is urging the U.S. Department of Education to cancel federal student loan debt of defrauded ITT Technical Institute (ITT Tech) students.

WASHINGTON—The operator of a mobile banking app will be banned from offering such services and must give full refunds to users as part of a settlement with the Federal Trade Commission over allegations the company falsely promised users they would have “24/7” access to their funds and earn high interest rates on their accounts, the FTC said.

LARAMIE, Wyo. – Laramie Plains FCU,  the oldest credit in this city after having been chartered in 1935, is changing its name. The credit union is now known as StagePoint Federal Credit Union.

WASHINGTON–Two credit unions in the District of Columbia have announced a merger.

HARRISBURG, Penn.–In support of Earth Day on April 22, PSECU has launched what it is calling a “Bank Green” initiative designed to encourage members to use environmentally friendly digital tools and services.

CHICAGO–A greater share of people with low credit scores has been falling behind on their car payments in recent months, indicating the stress being felt by consumers hit hardest by the pandemic, according to new data from TransUnion.

JACKSONVILLE, Fla. —Jax Federal Credit Union has named a new president and CEO. The $497-million CU has selected John Servos to lead the organization.

HENDERSON, Nev.– Mitchell, Stankovic & Associates Underground has announced a new service: Enterprise Xchanges.