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SAN DIEGO— California Coast Credit Union said President and CEO Todd Lane has been named a finalist for the 2026 CEO of the Year Award by the San Diego Business Journal, with the $3-billion credit union pointing to growth, branch expansion and community investments under his leadership.

WASHINGTON--The Treasury Department announced Monday that the Bank of New York Mellon Corporation (BNY) is the chosen designated financial agent of the U.S. government to support implementation of the new Trump Accounts program, America's Credit Unions reported.

TAMPA--Velera is expanding its Buy Now, Pay Later (BNPL) offerings, giving credit unions two new ways to provide installment-payment options: Debit Flex Payments for debit card purchases and Apple Pay’s Pay with Installments for credit transactions, the CUSO announced.

ALEXANDRIA, Va.— Federal banking regulators and the NCUA on Tuesday proposed a joint overhaul of anti-money laundering and countering the financing of terrorism program rules that would shift banks and credit unions more explicitly toward a risk-based compliance model, while clarifying that only significant or systemic failures—not minor implementation gaps—would trigger the most serious AML/CFT enforcement actions.

NEW YORK—JPMorgan Chase CEO Jamie Dimon this week said he has “mixed” feelings about the Trump Administration’s proposed rewrite of bank capital rules, calling the latest plan an improvement over the Biden-era draft but saying parts of it remain “frankly nonsensical,” in the latest sign Wall Street’s biggest banks are still pressing regulators for more relief, Law360 said.

WASHINGTON--The Defense Credit Union Council has submitted a formal comment letter to the U.S. Department of the Treasury in response to its Request for Information on the U.S. National Strategy for Financial Literacy (TREAS-DO-2026-0001). In the letter, DCUC highlighted the key role credit unions play in delivering financial education to millions of Americans and urged stronger financial literacy efforts at every stage of life.

LACEY, Wash.— The $4.3-billion Peak Credit Union has laid off 85 employees across multiple states, with the cuts early last week as the recently rebranded institution moves to adjust to what it described as current economic pressures, according to The Olympian.

ALEXANDRIA, Va.--NCUA Tuesday announced the ninth round of proposed regulatory changes associated with the agency's Deregulation Project.