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SACRAMENTO, Calif.–The state of California will keep in place its financial sanctions against Wells Fargo for a second year in the wake of additional disclosures related to bad practices at the bank since its sham accounts scandal was revealed.

PARIS, Ill.—The Illinois Division of Financial Institutions has suspended the operations of Route 1 Credit Union here for 60 days. The state regulator appointed Decatur Earthmover Credit Union, Forsyth, Ill., as manager-trustee.

TALLAHASSEE, Fla./BIRMINGHAM, Ala.–Another state CU association has signed on as a plaintiff in the class action lawsuit against Equifax over its data breach.

GENEVA, Switzerland—Addressing the long-running debate about whether mobile payments will ever catch on the forecasts when digital wallets emerged, a new report forecasts that electronic swipes will pass credit card transactions in the near future.

ARLINGTON, Va.—New-home sales spiked 18.9% in September to 667,000 annualized units – the fastest sales pace since October 2007. September's sales did not appear to be negatively impacted by Hurricanes Harvey and Irma, said NAFCU Research Assistant Yun Cohen in a NAFCU Macro Data Flash report.

MADISON, Wis.–Are credit unions asking the wrong question when it comes to what the CFPB’s new payday lending rule will ultimately mean for consumers, members and credit unions?