WASHINGTON— President Donald Trump on Monday urged the Senate to pass the CLARITY Act, the chamber's sweeping cryptocurrency market structure legislation, saying approval would honor the memory of the late Sen. Lindsey Graham (R-SC), who died over the weekend.
WASHINGTON— Both America's Credit Unions and the Defense Credit Union Council are forecasting a pivotal week on Capitol Hill as lawmakers return from the July 4 recess, with the credit union trade groups closely watching fallout from the death of Sen. Lindsey Graham, action on the National Defense Authorization Act (NDAA), pending NCUA nominations, the CLARITY Act and a series of high-profile congressional hearings.
DALLAS--As merger activity accelerates across the credit union industry, ALM First and the M&A Leadership Council have launched a new web-based platform designed to help credit unions manage acquisitions and post-merger integration through a standardized process at a lower cost than traditional consulting engagements.
WASHINGTON— Federal banking regulators and NCUA have jointly warned financial institutions that lending to borrowers who are not legally authorized to work in the United States presents heightened credit risk, urging banks and credit unions to strengthen underwriting and risk management practices.
WASHINGTON — The Defense Credit Union Council Monday sent a letter to Chairman Pete Sessions and Ranking Member Kweisi Mfume of the House Oversight and Government Reform Subcommittee on Government Operations ahead of the Subcommittee’s July 15 hearing, “Emerging Fraud Threats and the Evolving Fraud Landscape.”
WASHINGTON--The Defense Credit Union Council Monday submitted four letters to House and Senate leaders ahead of congressional hearings on the Consumer Financial Protection Bureau’s semi-annual report and the Federal Reserve’s semi-annual monetary policy report.
WASHINGTON—The Trump Administration and the union representing employees at the CFPB have jointly asked a federal court to pause litigation over a plan to eliminate roughly half of the agency's remaining workforce until President Trump's nominee to lead the Bureau has an opportunity to review the proposal if confirmed by the Senate, Law360 reported.
WASHINGTON--America’s Credit Unions said its analysis of the federal government's 2026 Unified Agenda identifies dozens of pending regulatory actions that could significantly affect credit unions, including potential changes involving open banking, anti-money laundering compliance, the Central Liquidity Facility and capital requirements.
SHREVEPORT, La.—An attempted check-fraud transaction at Barksdale FCU led to the arrests of two suspects after the credit union had already frozen the affected account following alleged fraudulent activity at other branches, according to Yahoo News.
NEW YORK--Stablecoins are unlikely to gain widespread adoption at retail checkouts in developed markets, but they could become the primary banking relationship for consumers in underserved regions around the world, according to a Plasma executive interviewed by PYMNTS.
