WASHINGTON--The Federal Reserve’s proposal of a Reserve Bank Payment Account prototype does address a subset of risks, but it also brings concerns, shared America’s Credit Unions in a letter to the Fed.
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WASHINGTON--The Defense Credit Union Council has sent a letter to House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters expressing strong support for H.R. 6644, the Housing for the 21st Century Act, and urging swift House passage ahead of an anticipated floor vote.
SAN DIEGO — What began last spring as a bid to create a roughly $13-billion Southern California credit union first bogged down in court and has now landed on NCUA’s desk amid a widening dispute over compliance and governance—leaving the future of a merger between San Diego County Credit Union and California Coast Credit Union deeply uncertain.
WASHINGTON — The Consumer Financial Protection Bureau has moved to tighten requirements around its consumer complaint portal for credit and consumer reporting disputes, reinforcing that consumers must first attempt to resolve inaccuracies directly with a credit reporting agency (CRA) before turning to the CFPB.
WASHINGTON — NCUA Chairman Kyle Hauptman told a federal interagency panel Friday that the new “Trump Accounts” initiative could become a powerful financial-literacy tool for young people, especially if credit unions are allowed to play a meaningful role in implementation and outreach.
ONTARIO, Calif./LAS VEGAS--Jeremy Empol has been appointed president and CEO of California’s Credit Unions and Nevada’s Credit Unions, effective March 9, 2026, the organizations announced.
SAN FRANCISCO — Visa reported $10.9 billion in net income for its fiscal first quarter of 2026, topping Wall Street expectations of $10.69 billion and marking a 15% jump from $9.5 billion a year earlier.
WAKEFIELD, R.I. — The $506-million Westerly Community Credit Union has named Andrew Rogers as incoming president, setting up a planned leadership transition when longtime CEO Stephen J. White retires Jan. 31, 2026, Providence Business News reported.
SANTA CLARA, Calif. —The $700-million APL Federal Credit Union said it prevented an $80,000 wire fraud attempt after using video verification to confirm a suspicious transaction, protecting a member who had already lost more than $1.2 million to fraud at another financial institution.
WASHINGTON — Despite rising household debt and elevated interest rates, the average U.S. credit score remains in the “good” range at 702, according to a new WalletHub analysis of TransUnion data, though wide state-level disparities point to uneven consumer credit risk heading into 2026.