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WASHINGTON—The CFPB’s withdrawal of its contested consumer financial data rights rule is the right decision, say analysts, who shared concerns about the rule adding to fraud concerns, increasing FI costs, and simply being a regulation the U.S. banking system was not yet ready to fully adopt.

WASHINGTON--Vice President J.D. Vance this week stated he supports the Senate passing a clean version of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act (S. 1582) without any amendments, America's Credit Unions reported. 

REDONDO BEACH, Calif.—Another credit union is reporting it may have suffered a data breach.

WASHINGTON--The D.C. District Court has set a June 12 motion hearing in the legal challenge from dismissed NCUA board members Todd Harper and Tanya Otsuka, America's Credit Unions reported.