WASHINGTON--Credit unions looking to understand how payment stablecoins could affect their operations—and what the new GENIUS Act means for the industry—have a new resource from America's Credit Unions that outlines the law, the regulatory framework and key issues institutions should be watching.
WASHINGTON--The Defense Credit Union Council recently submitted two comment letters to NCUA addressing proposed regulatory changes affecting credit unions.
SAN FRANCISCO—A former Silicon Valley Bank executive testified he felt pressure from the bank’s then-CFO to chase “more yield” by adding riskier assets to SVB’s securities portfolio, according to Law360, testimony that goes directly to the FDIC’s claim that bank leaders knowingly loaded the institution with interest-rate risk before its 2023 collapse.
FRANKFURT, Germany— The European Central Bank has given eurozone banks until Oct. 31 to develop plans for countering AI-enabled cyber threats, taking what Reuters described as a more prescriptive approach than other major central banks to the risks posed by increasingly advanced artificial intelligence models.
NEW YORK--Auto loan refinancing is gaining momentum as falling interest rates and persistent affordability pressures prompt more consumers to seek lower monthly payments, according to reporting by PYMNTS, which cited new data from Experian.
NEW YORK—Artificial intelligence is rapidly becoming the defining force shaping banking strategy, with 80% of banking executives now expecting AI to significantly disrupt their business and operating models within the next three to five years, according to KPMG's 2026 Banking Technology Survey.
BASEL, Switzerland—Federal Reserve Vice Chair for Supervision Michelle Bowman said financial regulators should take a proportional, risk-based approach to overseeing artificial intelligence, arguing that lower-risk AI applications deserve a "lighter supervisory and regulatory touch" while institutions using AI for more material functions should face stronger governance and controls.
MILWAUKEE – Corporate Central has been recertified as a Great Place To Work for 2026, the organization announced.
RALEIGH, N.C.--North Carolina’s credit unions reached a historic milestone last week with Gov. Josh Stein signing SB 595 into law, modernizing the state’s credit union statutes, and strengthening the North Carolina state charter, America's Credit Unions reported.
WASHINGTON—America’s Credit Unions is backing the NCUA’s proposal to increase the major assets prohibition thresholds under the agency’s regulation implementing the Depository Institution Management Interlocks Act (DIMIA), arguing the change would modernize limits that have remained unchanged since 1996.
