WASHINGTON--Reforming the capital treatment of mortgage servicing assets and real estate exposures under NCUA’s risk-based capital framework is needed, and America’s Credit Unions outlined their suggested changes Friday in a letter to NCUA Chairman Kyle Hauptman.
FRAMINGHAM, Mass.— MetroWest Community Federal Credit Union is facing scrutiny following a reported data-security incident that may have exposed members’ personal information, with law firm Federman & Sherwood saying it has opened an investigation after a breach notice was filed with the Maine Attorney General.
DENVER—A Colorado bill that would bar interchange fees from being charged on the sales-tax portion of card transactions is advancing at the state capitol, opening a new front in the swipe-fee fight that has already put Illinois credit unions on alert.
NEW YORK— Millennials are facing a growing number of simultaneous financial pressures and are increasingly uncertain that the strategies they are using to cope are working, according to new research from PYMNTS Intelligence.
WASHINGTON— U.S. consumers added $86 billion in credit card debt during 2025, pushing total balances to roughly $1.39 trillion, according to a new inflation-adjusted analysis from WalletHub based on the Federal Reserve’s latest G19 consumer credit data.
NEW YORK—Credit unions increasingly view fintech partnerships not as experiments but as a central strategy for innovation, according to the latest Credit Union Innovation Readiness Index, a collaboration between Velera and PYMNTS Intelligence.
WASHINGTON— President Donald Trump has signed an executive order directing federal regulators to overhaul a wide range of mortgage lending rules, and while the White House’s public messaging repeatedly emphasizes “banks” and “community banks,” America’s Credit Unions is stressing that credit unions are clearly intended to benefit from the relief, as well.
WASHINGTON— President Donald Trump has signed an executive order directing federal regulators to overhaul a range of mortgage lending rules, with the White House saying the move is intended to reduce compliance costs, revive community bank participation in home lending and make mortgages more accessible for creditworthy borrowers.
WASHINGTON--The $1.6-billion Financial Plus Credit Union has become the newest member of the Defense Credit Union Council.
WASHINGTON--In search of policy solutions to fight the increasing costs of fraud and scams, America’s Credit Unions’ Fraud Task Force met Thursday for its monthly meeting. The task force recapped Park Community Credit Union General Counsel Kate McKune’s testimony last week for a hearing on financial institutions working to prevent fraud.
