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WASHINGTON—Sen. Kirsten Gillibrand (D-NY) has proposed new legislation to create a Postal Bankthat would establish a retail bank in all of the U.S. Postal Service’s 30,000 locations.

LAKE FOREST, Ill.—Despite the strong economic performance, the American consumer continues to be disengaged from retail and much of the economy, and continues to build checking account balances to record levels, a new report reveals.

WASHINGTON—Three marketers who allegedly sold phony debt relief services, including fake loans, have agreed to be banned from selling debt relief, credit repair and financial products and services, to be banned from telemarketing, and to turn over assets worth approximately $35 million dollars, under settlements with the Federal Trade Commission and the State of Florida.

SYDNEY, Australia—Another country is regulating cryptocurrencies.

WASHINGTON –CUNA has sent a comment letter to the Bureau of Consumer Financial Protection (BCFP) offering recommendations for improvement to its Rules of practice for Adjudication Proceedings.

UPLAND, Calif.–Chaffey Federal Credit Union here has moved from its legacy disaster recovery system to CUProdigy’s cloud-based DRaaS solution for its non-core servers. In simplifying and streamlining its DR processes, the $146M credit union said it also removed a major point of failure: untrained people.

ARLINGTON, Va.—New home sales unexpectedly surged in March as the West region saw sales increase 28.3%, accounting for nearly all of the gains during the month.

RIVERSIDE, Conn.—Credit unions should be prepared for certain auto dealers to begin pushing more sales of high-quality late-model used cars this year, a market in which one expert thinks CUs can expand.

TUCSON, Ariz. –  Hughes Federal Credit Union received three Diamond Awards, including one Best in Category from CUNA Marketing & Business Development Council.

HOBOKEN, N.J.–With the student loan debit situation in the U.S. sometimes referred to as a crisis, a new survey shows that those carrying debt feel they are under a great pressure as a result.