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WASHINGTON—The Defense Credit Union Council is pressing Congress to modernize deposit insurance protections, calling it a critical step to safeguard small businesses and strengthen local economies.

MADISON, Wis.— The World Council of Credit Unions has appointed Paul Treinen as its permanent president and CEO.

NEW YORK — A Latino civil rights organization filed a class-action lawsuit against $4.6-billion Municipal Credit Union for allegedly denying access to loan products to recipients of Deferred Action for Childhood Arrivals (DACA) and other immigrants solely because of their citizenship status, according to papers filed in federal court.

SAN FRANCISCO—Visa has shut down its U.S. open-banking business, Reuters reported, as friction between banks and fintechs over customer data access continues to intensify.

NEW YORK — U.S. consumer confidence declined in August, with the Conference Board’s Consumer Confidence Index slipping 1.3 points to 97.4, down from July’s revised 98.7.