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WASHINGTON--As national policy discussions focus on affordability and access to financial institutions, new data reinforces that credit unions are a beacon of affordability, significantly outperforming large national banks across key financial metrics due to the not-for-profit, cooperative financial model, America's Credit Unions reported.

WASHINGTON--Calling them “common-sense updates,” America’s Credit Unions is backing the NCUA’s proposed updates to Part 715 that modernize supervisory committee audit and verification requirements while maintaining strong oversight and examiner access. In addition to the Part 715 letter, America’s Credit Unions submitted comments on two other proposed actions that are part of NCUA’s Deregulation Project.  

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CHICAGO — In a closely watched ruling issued Tuesday, Chief U.S. District Judge Virginia M. Kendall delivered a split decision on Illinois’ Interchange Fee Prohibition Act (IFPA), dealing credit unions both a partial win and a continuing compliance risk as the state’s novel swipe-fee law moves closer to its July 1, 2026 effective date.