WASHINGTON—House Financial Services Committee Chairman French Hill (R-AR) Tuesday voiced strong support for rolling back Dodd-Frank regulations, arguing the law’s one-size-fits-all mandates have unfairly burdened smaller financial institutions like credit unions.
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WASHINGTON--Credit unions were on hand as the Small Business Administration (SBA) and Treasury Department provided insights into future goals for the Community Development Financial Institutions (CDFI) Fund Tuesday.
WASHINGTON--Key credit union priorities align with those of the Federal Reserve, including expanding access to financial services for all Americans, combating fraud, and ensuring that consumers and small businesses have access to safe, fair, and responsive financial solutions, America's Credit Unions reported.
ORANGE COUNTY, Calif.—It’s one of the most overlooked superpowers credit unions possess—and one banks don’t. It’s not technology or capital, but something far older and deeper: collaboration.
STOCKHOLM, Sweden—More than 2,000 credit union professionals from nearly 60 countries celebrated the start of the 2025 World Credit Union Conference (WCUC) with an opening ceremony that included the annual parade of flags, twelve breakout sessions and the announcement of a new strategy for World Council of Credit Unions (WOCCU).
OVERLAND PARK, Kans.—The $1-billion Mazuma Credit Union has agreed to pay $1,985,000 to settle a class action lawsuit that claimed the credit union improperly charged overdraft and non-sufficient funds (NSF) fees on specific account transactions, according to Claim Depot.
ST. PAUL, Minn.—Minnesota Vikings linebacker Dallas Turner has become the victim of a highly sophisticated bank fraud scheme, losing $240,000 in an incident that has sparked serious concerns over possible insider involvement at the bank where his account was compromised, AInvest reported.
WASHINGTON--The Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency have issued a joint statement on continued efforts to provide clarity on banks' engagement in crypto-asset-related activities.
EAST HARTFORD, Conn.—The $140-million Finex Credit Union here has named Joseph Bartolotta president and chief executive officer, the CU League Of Connecticut reported.
ALEXANDRIA, Va.—The Defense Credit Union Council Tuesday wrote a letter to NCUA Chairman Kyle Hauptman encouraging the agency to align its fair lending supervisory approach with recent federal regulatory guidance and rulings – specifically by removing disparate-impact analysis from examiner reviews.