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WASHINGTON—The CFPB should delay significant regulatory activities until after the 2025 presidential transition to align with the incoming administration’s priorities and avoid legal challenges, America’s Credit Unions wrote to CFPB Director Rohit Chopra.

WASHINGTON—The CFPB’s new open banking rule shifts liability burdens onto financial institutions, increasing their responsibilities for securing data shared with third-party fintechs, Bank Info Security says.

WASHINGTON –More than 250 organizations received $76.32 million in Technical Assistance (TA) Awards to build their capacity to provide financial products and services to low-income and underserved people and communities across America, Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced.

MAURICEVILLE, Texas — A Brinks employee was robbed outside an office of Wellspring Credit Union here.

WASHINGTON—In a move that will likely be viewed positively by many credit unions, the Consumer Financial Protection Bureau has finalized a rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps—such as Zelle, Google Pay, PayPal and Venmo.

WASHINGTON—The Defense Credit Union Council (DCUC) has sent a letter to Scott Bessent, President-Elect Donald Trump’s Treasury Secretary Nominee, that outlines the benefits of credit unions and the key issues impacting the industry.

WASHINGTON—Existing home sales are now expected to rise only 4% next year from a 2024 pace that is on track for a nearly 30-year low, according to the November 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.

ST. LOUIS—The $377-million Alliance has settled a class-action lawsuit over alleged “deceptive” auto repossessions.

TALLAHASSE, Fla.— Members of the League of Southeastern Credit Unions & Affiliates and the Virginia Credit Union League have voted in favor of merging, LSCU reported.