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NEW YORK—A challenge to a proposed federal charter for financial technology firms was dismissed this week, with a federal judge ruling that New York's top financial regulator's case was speculative, because the Office of the Comptroller of the Currency has not finalized its plans for the charter.

WASHINGTON—The House Financial Services Committee has approved by a vote of 33-25 legislation to repeal the NCUA's risk-based capital (RBC) rule, which is set to go into effect Jan. 1, 2019. The bill, sponsored by Rep. Bill Posey (R-FL) now awaits action by the full House.

SAN FRANCISCO–Malicious mobile apps are back on the rise, impersonating brands and fooling consumers, according to digital threat management company RiskIQ.

DES MOINES, Iowa–More states are adopting programs that create tax-favored accounts to help first-time homebuyers save for down payments on homes.

DECATUR, Ala.–The Princess Theatre Center for the Performing Arts here has received a $250,000 donation from Redstone FCU.

WASHINGTON—A U.S. regulatory panel is calling for better monitoring of risks created by financial innovation, warning that “fintech” and virtual currencies such as Bitcoin threaten to disrupt the traditional financial services industry.

LOUISVILLE, Ky. –Just two weeks after police here announced they were investigating an alleged theft at their own credit union, NCUA has placed Louisville Metro Police Officers Credit Union into conservatorship.

HERNDON, Va.–The NWFCU Foundation, the philanthropic arm of Northwest FCU, celebrated #GivingTuesday with a week of giving back to the community.

ASTORIA, Ore.–Wauna Credit Union announced it will begin offering banking services to the marijuana industry through a partnership with Scottsdale, Ariz.-based Hypur.

ROCHESTER, Minn.–Oakland University Credit Union has announced it will donate $1 million over five years to Oakland University’s study abroad and other international programs.