MIDDLETOWN, Conn. — A Connecticut resident has filed a proposed class-action lawsuit against $175-million Ellafi FCU, alleging the Middletown-based credit union failed to adequately protect member data in a cyber breach that exposed personal information of more than 17,600 people, Hartford Business reported.
SAN ANTONIO—A state judge has approved a final settlement in a class-action lawsuit over a 2022 data breach at Generations FCU here, a case that drew scrutiny after a sitting board member objected to the deal but was barred from participating in it, according to the San Antonio Express-News.
WASHINGTON—As the Credit Card Competition Act (CCCA) reemerges as a credible legislative threat, the Defense Credit Union Council moved quickly to push back, urging Senate leaders to block what it calls a sweeping and misguided attempt to rewrite U.S. credit-card interchange policy.
WASHINGTON—Sen. Elizabeth Warren on Thursday accused the Consumer Financial Protection Bureau’s acting leadership of undercutting President Trump’s call for a one-year 10% cap on credit-card interest rates, urging the agency to take immediate action to rein in what she described as excessive consumer costs.
WASHINGTON—A long-stalled bipartisan push to boost competition in the credit card market moved closer to becoming law late Friday, as Sens. Roger Marshall (R-KS) and Dick Durbin (D-IL) advanced a new amendment attached to the Senate Agriculture Committee’s markup of the Digital Asset Market Structure and Investor Protection Act, commonly known as the Clarity Act.
WASHINGTON--U.S. senators could be headed into a compressed and unpredictable workweek as they race to finalize the remaining six federal funding bills, with party leaders likely needing to exert pressure to prevent a partial government shutdown ahead of the Jan. 30 deadline.
MIDLAND, Mich. — Dow Credit Union is returning more than $18 million to members through its Annual Member Giveback program, with qualifying payouts starting this month, WSGW reported.
ALEXANDRIA, Va. — TNCUA has officially released its 2026 operating fee schedule, confirming that federal credit unions will see an average operating fee reduction of about 24.65% this year, the agency announced Friday.
WASHINGTON--Reporting threshold modernizations important to credit unions moved forward as the House Financial Services Committee voted to advance two bills Thursday, America’s Credit Unions reported, noting it wrote in support of both bills in advance of to the markup, while urging the committee to reject any amendments establishing a national credit card rate cap or altering the credit card interchange system.
BEVERLY HILLS, Calif.--NCUA Thursday placed $16.5-million Beverly Hills City Employees FCU here into conservatorship, the agency reported.
