NEW YORK—Fintech Bilt moved quickly into the national debate over credit card pricing this week, unveiling three new credit cards that cap interest rates at 10% for the first year on new purchases—an announcement that follows President Trump’s call for a nationwide 10% ceiling on credit card APRs.
FOXBOROUGH, Mass.— Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that while inflation is moving closer to the Fed’s 2% target, growing fragility in the labor market poses a rising risk that policymakers must address proactively—an outlook that could shape interest-rate decisions and regulatory priorities.
WARNER ROBINS, Ga. - Edward “Buck” Levins, former President and CEO of Robins Financial Credit Union, has died, the credit union reported.
WASHINGTON--The House voted 341-79 late Wednesday to move the Financial Services and General Government and National Security, Department of State, and Related Programs Appropriations Act, 2026 (H. 7006) forward, America's Credit Unions reported.
WASHINGTON—Amid renewed Washington scrutiny of credit card practices following President Trump’s recent call for a nationwide 10% interest-rate cap, Sen. John Fetterman (D-PA) has introduced legislation that would cap credit card late fees at $8, adding to a growing slate of proposed consumer crackdowns.
WASHINGTON — The Merchants Payments Coalition this week praised comments by Sen. Dick Durbin (D-IL) after he urged the Senate to pass the Credit Card Competition Act, citing President Donald Trump’s recent endorsement of the long-stalled measure.
WASHINGTON — The Department of Housing and Urban Development has proposed rescinding its long-standing regulations governing “disparate impact” liability under the Fair Housing Act, a move that would roll back three rules issued since 2013 and shift responsibility for interpreting such claims largely to the courts.
ALEXANDRIA, Va.-- NCUA will hold an open board meeting on Thursday, Jan. 22, starting at 10 a.m. ET, the agency announced.
PLANO, Texas — Catalyst has launched a new online bond trading platform designed to help credit unions more efficiently access fixed-income securities tailored to their investment needs.
WASHINGTON— America’s Credit Unions, the Defense Credit Union Council, and the Independent Community Bankers of America Thursday sent a joint letter to Congress opposing the Durbin-Marshall credit card mandates, warning the proposal would harm consumers, small businesses, and community financial institutions while delivering a windfall to the nation’s largest retailers.
