Fresh Today

WASHINGTON--With the Treasury Department looking to transition federal disbursements to electronic payments whenever possible, America's Credit Unions is encouraging CUs to submit feedback to the trade association to "ensure the full impact is reflected" in the trade group's comments.

WASHINGTON—Elizabeth Warren (D-MA) and Maxine Waters (D-CA) are challenging the authority of NCUA Chairman Kyle Hauptman to lead the agency alone, following President Donald Trump's dismissal of NCUA's two other board members, Todd Harper and Tanya Otsuka.

WASHINGTON—Deputy Treasury Secretary Michael Faulkender stated the department is examining ways to simplify the filing of suspicious activity and currency transaction reports, part of a larger push to modernize enforcement of the Bank Secrecy Act.

WASHINGTON—The Defense Credit Union Council has sent a letter to Russell T. Vought, acting director of the Consumer Financial Protection Bureau, offering a path forward to preserve and strengthen financial literacy programs for the nation’s servicemembers, veterans, and their families.

BENTONVILLE, Ark.--Walmart will pay $10 million to settle Federal Trade Commission charges that it turned a "blind eye" to scammers who used its in-store money transfer services to take hundreds of millions of dollars from U.S. consumers, the Federal Trade Commission announced.

WASHINGTON—Efforts by Republicans to drastically cut funding for the CFPB and other financial oversight agencies violate Senate budget rules, the chamber’s nonpartisan parliamentarian ruled Friday—putting those provisions at risk in President Trump’s sweeping tax and spending package, Reuters reported.

WASHINGTON—America’s Credit Unions, in collaboration with Inclusiv and more than 200 credit union organizations, sent a letter to Senators and Treasury Department officials urging them to work together to ensure that the CDFI Fund obligates and deploys all Congressionally appropriated FY2025 CDFI funding in advance of Sept. 30, 2025.

VIENNA, Va.— Navy Federal Credit Union is facing criticism for allegedly undercutting its janitorial staff by hiring a non-union contractor—a move that's drawn protests, including the use of a giant inflatable rat to spotlight the dispute, FFXnow reported.

AUSTELL, Ga.—NCUA Friday liquidated Soul Community Federal Credit Union here.

WASHINGTON—As tensions escalate following the U.S. military strike on Iran’s nuclear facilities, financial institutions must prepare for what could be Iran’s most effective and devastating form of retaliation: cyberattacks.