Generations FCU Faces Potential Class-Action Lawsuit Over Overdraft Fees 05/27/2025 06:36 pm SAN ANTONIO—The $738-million Generations FCU has been hit with a potential class-action lawsuit over its overdraft charges, San Antonio Express-News reported.
Federal Reserve and Industry Groups Seek Pause in Stress Test Lawsuit 05/27/2025 06:38 pm WASHINGTON—The Federal Reserve, along with a coalition of banking and business associations, has asked a federal court to pause ongoing litigation challenging the Fed’s stress testing framework, the ABA Banking Journal reported.
Defending Military Families And Credit Union Members—Why Reversing The CFPB’s 1033 Rule Was The Right Call 05/28/2025 07:51 am The recent reversal of the Consumer Financial Protection Bureau’s Section 1033 rule by the Trump Administration is a significant and welcome step forward for credit unions—especially those serving America’s military.
DOJ Backs Presidential Authority In NCUA Board Dispute 05/27/2025 07:20 pm WASHINGTON—The Department of Justice—on behalf of NCUA—has filed its reply to dismissed NCUA board members Todd Harper and Tanya Otsuka, arguing Congress has not restricted the President’s authority to remove NCUA board members at will.
Mortgage Applications Decrease In Latest MBA Weekly Survey 05/28/2025 08:03 am WASHINGTON—Mortgage applications decreased 1.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 23, 2025.
CFPB Signals It Will Withdraw Controversial Open Banking Rule 05/28/2025 03:32 pm WASHINGTON— The Consumer Financial Protection Bureau indicated its contested consumer financial data rights rule may soon be struck down, according to a new legal filing.
