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WASHINGTON—The importance of the credit union tax exemption in separate letters to the House Appropriations Subcommittee on Financial Services and General Government and the Senate Finance Committee ahead of their hearings on the president’s fiscal year 2025 budget proposal.

WASHINGTON—The Protecting Access to Credit for Small Businesses Act, which would prevent the Small Business Administration (SBA) from making direct loans through the 7(a) program, has received support from America’s Credit Unions.

AUGUSTA, Maine–An update to laws for state-chartered credit unions in Maine has been signed into law by Maine Gov. Janet Mills.

LONDON—The U.K. government said it will publish a National Payments Vision in 2024 as part of a broader effort to accelerate the development of the local payments ecosystem.

GREENSBORO, N.C.–Vizo Financial Corporate CU said its annual hot dog eating contest will be returning later this summer.

MADISON, Wis.–Filene will host a pair of webinars this week that will broadcast the prototype presentations of i3 Waves 18 and 19 as they share their proposed solutions to address consumer and credit union challenges.

BREMERTON, Was.--Kitsap Credit Union has name Vasuma Sargent, CPA, and Matthew Ellsworth to its Board of Directors.

NEW YORK–Visa and MasterCard have agreed to a $30-billion settlement with U.S. merchants related to swipe fees. The settlement is to take place over five years.