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WASHINGTON—It’s been a busy week in Washington, with several new appointments—including an appointment to replace an appointment.

WASHINGTON—The Federal Reserve has released the hypothetical scenarios for its annual stress test, which helps ensure large banks can lend to households and businesses even in a severe recession.

WASHINGTON—Russell Vought, who Thursday was confirmed by the Senate as the head of the Office of Management and Budget, is now acting director of the CFPB, The Wall Street Journal reported.

MILWAUKEE—What are credit unions most concerned with in 2025?

ODESSA, Texas—A loan officer from Southwest Heritage Credit Union here has been accused of orchestrating a fraudulent scheme, diverting over $300,000 into her own accounts by creating loans under false identities, the Odessa American reported.

WICHITA, Kans.—Bob Thurman, who guided the $1.6-billion Credit Union of America for 37 years as president/CEO, has died, the Wichita Business Journal reported.

JEFFERSON CITY, Mo.—The $716-million River Region Community Credit Union here has received approval from NCUA to merge in $566-million Missouri Credit Union, based in Columbia, Mo., the credit union reported.