MADISON, Wis.—World Council of Credit Unions (WOCCU) this week issued a formal call to action, urging the South African G20 Presidency to recognize cooperatives as essential institutions in the global effort to advance financial inclusion in its 2025 Leaders' Declaration.
Fresh Today
WASHINGTON—The Supreme Court stated late last week that the president’s relationship with the Federal Reserve differs from that with other independent agencies, indicating that Chair Jerome Powell is legally protected from removal by President Donald Trump, Politico reported.
WASHINGTON—The American Bankers Association, along with the Bank Policy Institute and three other industry groups, urged the Securities and Exchange Commission this week to withdraw its cyber incident disclosure rule, arguing that it increases the risks for companies targeted by cyberattacks, the ABA Banking Journal reported.
WASHINGTON–Existing-home sales slowed in April, according to the National Association of REALTORS.
CHICAGO—While consumer debt growth has climbed to concerning levels in recent years, a new study shows borrowers may not be as overextended as the data show.
LAKE FOREST, Ill.—Michael Moebs, a well-known and highly respected economist and pricing expert, passed away peacefully on May 15 at his home in Lake Forest, Ill.
ALEXANDRIA, Va.—Kyle Hauptman claimed his place in NCUA history Thursday by leading an open board meeting as the sole board member.
ST. LOUIS—The $545-million Neighbors Credit Union has reported a data breach that apparently was the result of the ransomware group known as BLACK SUIT, Claim Depot reported.
MCLEAN, Va.— Mortgage rates moved slightly higher this week, Freddie Mac reported.
ALEXANDRIA, Va.— NCUA Chairman Kyle Hauptman is inviting credit unions to provide suggestions and feedback on the agency’s operations and initiatives to assist in developing the NCUA’s 2026–2030 Strategic Plan, which guides the agency’s operational and budgetary priorities, the agency said.