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WASHINGTON–The National Retail Federation today called on Visa to stop using new EMV technology to steer debit card transactions to its own processing network, stating that the Federal Reserve has said the practice violates merchants’ legal right to competition over who will process the transactions.

APPLE VALLEY, Minn.–Royal Credit Union announced that its acquisition of an office of Deerwood Bank here has been completed.

NEW YORK– The delinquency rate on commercial MBS continued its ascent during October.

WASHINGTON—House Majority Leader Kevin McCarthy and Republican committee chairmen sent a letter Tuesday to all government agencies requesting that no new regulations move forward in the remaining months of the Obama administration, Roll Call reported.

FAIRHOPE, Ala.–The CEOs of six CUSOs took to the stage as CU*SOUTH hosted its CU Visionary Conference and Annual Meeting at the Perdido Beach Resort here.

MONTGOMERY, Ala.—Guardian Credit Union announced that it has reached an agreement with SouthCrest Financial Group to purchase its two Alabama offices and all related deposits and assets.

IRVINE, Calif.–The inventory of foreclosed homes in the U.S. declined by 31.1% and completed foreclosures declined by 7.0% compared with September 2015, according to the September 2016 National Foreclosure Report from CoreLogic.

WASHINGTON –Will lenders soon have to pay up for increasing their attention to subprime cardholders?

ROCHESTER, N.Y.–Two financial institutions, including a credit union here, have been hit by skimmers that drained funds from consumers’ accounts.

WASHINGTON—Significantly more Americans are turning to mobile and online banking, according to a recent FDIC study that also indicates prepaid demand is rising.