WASHINGTON--Travis Credit Union, Travis Air Force Base (AFB), and Otero Federal Credit Union, Holloman AFB, have been selected by the Department of the Air Force as the 2024 Air Force Distinguished Credit Union of the Year, the Defense Credit Union Council reported.
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WASHINGTON—The American Bankers Association has launched a new, free, online platform that will allow member banks to more easily verify government checks and their payee information through the U.S. Treasury Department's existing Treasury Check Verification System (TCVS), the ABA announced.
WASHINGTON--As the Senate Banking Committee Subcommittee on Digital Assets discusses how to develop an effective regulatory framework for digital assets, credit unions are advocating for parity with banks to ensure a competitive marketplace exists for users and issuers of digital assets.
JACKSONVILLE, Fla.—A Jacksonville credit union member is facing serious prison time after being indicted for allegedly opening more than $60,000 in fraudulent loans and accounts using stolen identities, Jacksonville.com reported.
PLAINS TWP, Pa. — A Glen Lyon, Pa., man has been arraigned after allegedly robbing the City Mart Federal Credit Union on South River Street here, the Times Leader reported.
Defense Credit Union Council Files Multiple Letters And Comments Ahead Of Key Congressional Hearings
WASHINGTON--The Defense Credit Union Council submitted letters and comments ahead of key congressional hearings this week.
WASHINGTON—Despite President Trump’s continuing push for lower interest rates, Federal Reserve Chairman Jerome Powell Tuesday held his ground, saying it is still too soon to begin considering lowering rates.
WASHINGTON— CU Student Choice, a leading provider of education financing solutions, is renewing its nationwide outreach campaign to help students and families avoid last-minute borrowing pitfalls and long-term debt, the company said.
WASHINGTON--The House voted to pass the credit union-backed Homebuyers Privacy Protection Act (H.R. 2808) Monday. Reps. John Rose (R-TN) and Brad Sherman (D-CA) both mentioned credit union support for the legislation during debate, America's Credit Unions noted.
WASHINGTON--In a letter sent to NCUA Chairman Kyle Hauptman, America's Credit Unions requested that the NCUA consider excluding references to reputational risk from supervisory exam programs, providing parity with banks following the Federal Reserve Board's Monday announcement that it will no longer consider reputational risk in bank supervision.