Fresh Today

WASHINGTON—U.S. regulators’ nearly decade-long effort to hold former Wells Fargo executives accountable for the bank’s fake-accounts scandal is ending quietly, American Banker reported.

WASHINGTON— The Department of Justice has moved to block the Consumer Financial Protection Bureau employees’ union from appealing a ruling that cleared the Administration to dismiss hundreds of agency staff.

SAN JOSE, Calif.—The $1.6-billion KeyPoint Credit has named David Luu president and CEO, effective Jan. 2, the CU announced.

BATON ROUGE — Two people have been arrested and a third remains at large in connection with a scheme that defrauded Neighbors Federal Credit Union of more than $150,000, WBRZ reported.

WASHINGTON–America’s Credit Unions Thursday commended Sen. Mike Crapo (R-ID) and Rep. Young Kim (R-CA) for leading a bicameral letter urging the U.S. Department of the Treasury and the Office of Management and Budget to preserve the Community Development Financial Institutions (CDFI) Fund and ensure it remains effectively staffed and resourced following the federal government shutdown. 

WASHINGTON—Jason Stverak, chief advocacy officer for the Defense Credit Union Council has once again been named a 2025 Top Lobbyist by the National Institute for Lobbying & Ethics (NILE).

SALT LAKE CITY, Utah— Rusty Cannon has been named CEO of the Utah Credit Union Association, the league announced.

MCLEAN, Va. -- Freddie Mac reported that the average 30-year fixed-rate mortgage fell to 6.19% this week — its lowest level in a year.

CHICAGO--A hearing on cross-motions for summary judgment in a challenge to the Illinois Interchange Fee Prohibition Act (IFPA) took place Wednesday in the U.S. District Court for the Northern District of Illinois. Both America’s Credit Unions and the Illinois Credit Union League were on hand for the latest court proceeding.