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WASHINGTON—NAFCU cited five tenets of a healthy and appropriate regulatory environment for credit unions in a letter to the leaders of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, which held a hearing Wednesday on regulatory relief for community financial institutions.

WASHINGTON—Total consumer credit outstanding grew an annualized 5.8% in May, the fastest monthly growth in six months, according to data released by the Federal Reserve.

WASHINGTON–Losses due to Internet crime totaled $1.3 billion during 2016, according to new data released by the FBI’s Internet Complaint Center—but that figure is said to be hugely under-reported. 

WASHINGTON—Credit union lending continued to grow in May, driven largely by the strong labor market, reported CUNA.

WASHINGTON–Construction spending was essentially flat in May when compared to April, according to data released by the U.S. Census Bureau.

GLADSTONE, Mo.—B&B Theatres here is investigating a credit card data breach it said may have lasted as long as two years.

PITTSBURGH – PWCampbell announced that the New Jersey Credit Union League Services Corp. has approved the 107-year-old design/build firm as a select business partner for design/build, retail branding, digital marketing, and market demographics.

WASHINGTON—NAFCU President and CEO Dan Berger – on behalf of the association's Cybersecurity and Payments Committee – has written a letter to President Donald Trump supporting his executive order directing the strengthening of the federal government's cybersecurity.

NEWARK, Del.–A man's body was discovered outside a credit union here. According to police, the body was discovered by a member of American Spirit FCU.

HERNDON, Va.–Northwest FCU and its charitable arm, NWFCU Foundation, recently awarded $140,000 in scholarships to 26 students and launched its new Higher Education Community College award as part of the Foundation’s annual Scholarship Program.