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WASHINGTON—The Senate and House are both in session in a busy week that includes a great deal of legislation that impacts credit unions.

FRANKENMUTH, Mich.—After a cryptocurrency setback within the CU industry following the collapse of FTX in late 2022 and the sudden departure of NYDIG within the CU industry not long afterward, new momentum for crypto is building.

WASHINGTON—Ahead of Tuesday’s House Financial Services Committee hearing, “Dodd-Frank Turns 15: Lessons Learned and the Road Ahead,” America’s Credit Unions President/CEO Jim Nussle sent a detailed letter to Committee leaders urging targeted reforms to the Dodd-Frank Act and the CFPB’s regulatory structure.

WASHINGTON—The Office of the Comptroller of the Currency (OCC) has eliminated references to supervising banks for disparate impact liability from the “Fair Lending” booklet of the Comptroller’s Handbook and has begun removing similar language from other guidance, the OCC stated in a bulletin.

WASHINGTON—The Defense Credit Union Council sent several letters to Capitol Hill Monday in advance of hearings and other matters of interest to credit unions.

NEW YORK —At least 178 new financial institutions from across the U.S. went live with or signed with Zelle during Q4 2024 and Q1 2025, the company announced.