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WASHINGTON—The Supreme Court stated late last week that the president’s relationship with the Federal Reserve differs from that with other independent agencies, indicating that Chair Jerome Powell is legally protected from removal by President Donald Trump, Politico reported.

MADISON, Wis.—World Council of Credit Unions (WOCCU) this week issued a formal call to action, urging the South African G20 Presidency to recognize cooperatives as essential institutions in the global effort to advance financial inclusion in its 2025 Leaders' Declaration.

WASHINGTON—The American Bankers Association, along with the Bank Policy Institute and three other industry groups, urged the Securities and Exchange Commission this week to withdraw its cyber incident disclosure rule, arguing that it increases the risks for companies targeted by cyberattacks, the ABA Banking Journal reported.

WASHINGTON–Existing-home sales slowed in April, according to the National Association of REALTORS.

SMITHFIELD, R.I. - Navigant Credit Union continued its “Community Shred Event” series this month shredding and recycling more than 22,000 pounds of sensitive documents across five Rhode Island locations. 

AUSTIN—Americans are engaging in “doom spending” — making purchases driven by fear or anxiety about the future, a new study shows.

ST. PETERSBURG, Fla.--Velera has named a new executive committee for its board of directors, the CUSO announced.