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WASHINGTON—In a letter sent in advance of a hearing by the House Small Business Committee, CUNA strongly opposes the proposed changes to the Small Business Administration’s (SBA) 7(a) loan program.

ST. PETERSBURG, Fla.––PSCU has announced the general availability of its new buy now, pay later (BNPL) solution. The company said the launch follows a successful pilot program with a select group of the CUSO’s credit union partners.

QUITO, Ecuador—The USAID/World Council of Credit Unions’ (WOCCU) Economic Inclusion Project (EIP) in April joined Transactional Network of Credit Unions (Coonecta) and the Ecuadorian Integration Network of Credit Unions (ICORED) to launch the Financial Education Network in Ecuador, according to the World Council of Credit Unions.

GRAY, Tenn.–Appalachian Community FCU has named a new president and CEO.

WASHINGTON—Greater clarity around federal rules related to credit unions serving cannabis businesses is needed, NAFCU said in a letter to the Senate Banking Committee.

WASHINGTON–Annual share growth at credit unions has slowed for seven straight quarters now, mirroring the decline in the personal savings rate, according to new analysis by Callahan & Associates.

SAN JOSE, Calif.–FICO is now accepting credit union and bank applications for its 2023 Inclusion Accelerator program.

WASHINGTON—The development of a comprehensive national standard regulating digital assets will level the playing field and protect consumers, CUNA wrote to a joint House Financial Services and House Agriculture subcommittee hearing.

SPRINGFIELD, Mass.–Following a 38-year career, Mass Mutual FCU CEO Dave Plantier said he plans to retire effective July 5.

WASHINGTON—The Federal Housing Finance Agency (FHFA) has rescinded the upfront fees based on borrowers’ debt-to-income (DTI) ratios acquired by Fannie Mae and Freddie Mac.