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WASHINGTON—Credit union loans outstanding increased 0.4% in October, compared to a 0.4% increase in September of 2024 and a 0.4% increase in October of 2023, according to America’s Credit Unions’ latest Monthly Credit Union Estimates (MCUEs).

RICHLAND, Wash–Members of HAPO Community Credit Union are facing a new fraud threat this holiday season—one that asks members to place their funds in a Bitcoin ATM for “safekeeping.”

WASHINGTON—The Consumer Financial Protection Bureau has sued Walmart and Branch Messenger for forcing delivery drivers to use costly deposit accounts to get paid and for deceiving workers— “last mile” drivers in Walmart’s Spark Driver program—about how they could access their earnings, the CFPB announced.

MILWAUKEE—QuantyPhi, a balance sheet optimization CUSO for credit unions, has introduced its new CECL Validation service.

WASHINGTON—The Office of the Comptroller of the Currency has taken action against BofA, issuing a cease-and-desist order due to significant shortcomings in the bank’s compliance with the Bank Secrecy Act (BSA) and its sanctions programs, the Wall Street Pit reported.

LANSING, Mich. — LAFCU has awarded its $10,000 LAFCU Innovation for Education Grant to Perry Upper Elementary School.