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MEXICO CITY—People sending money back to Mexico this year have faced a new challenge: the “super peso,” according to a new report.

EAST HARTFORD, Conn.–Two Connecticut credit unions have announced their intent to merge.

CARMEL, Ind.–Allied Solutions is reporting it has entered int a partnership with Rhyze Solutions, a newly formed credit union service organization (CUSO), to support lending and capital market operations.

GARDEN CITY, Ga.–In part II of this latest three-part review by CUToday.info of what members are being told about the newest CU mergers that have been proposed, in addition to the typical reasons being cited—such as “improved products and services”—this report finds CUs citing capital constraints, another with 32% net worth saying it can’t compete, a CU paying flat share distributions regardless of account balances, members confused over what the name of the merged CU will be, and much more.

WASHINGTON–The chairman of the FDIC said he is “personally disturbed and deeply troubled” by a new report of a misogynistic and toxic culture at the agency, with male workers acting abusively against women, including supervisors inviting female employees to strip clubs, another supervisor requesting sex with an employee, and employees being urged to drink whiskey while working.

WASHINGTON–A new report around a toxic, “sexualized boys’ club” culture at the FDIC was the subject of testy exchanges and statements about lewd behavior not typically heard in the Senate, leading one senator to ask, “What the hell is going on at the FDIC?”

BIRMINGHAM, Ala.—After criticism in a national publication was directed at a number of California CUs’ overdraft practices, Dennis Dollar asserts what is being left out of all that is that consumers want the programs—and that many the critics of overdraft programs do not face the same money problems of lower-income Americans.

WASHINGTON–New data showing a slowdown in consumer prices makes it increasingly likely the Fed not only won’t raise rates in December, but may even begin reducing rates in 2024, according to credit union economists and other analysts.

WASHINGTON–With the national elections now less than a year away, CUNA has relaunched its CreditUnionsVote.com site.

TALLAHASSEE, Fla.–First Commerce Credit Union has cut the ribbon on its newly remodeled financial center at 2330 Mahan Drive here.