WASHINGTON—The Senate has passed a “clean” version of the Servicemember Quality of Life Improvement and National Defense Authorization Act for Fiscal Year 2025 (NDAA), the Defense Credit Union Council said, noting the bill does not include the Credit Card Competition Act (CCCA) amendment or any interchange language, or related study proposals that could give rise to similar regulations.
ALBUQUERQUE, N.M.—Two Albuquerque, N.M., CUs have agreed to merge.
ST. PETERSBURG, Fla.— Velera is partnering with The Knoble, a global alliance dedicated to disrupting human crime, the CUSO reported.
CLEVELAND—Ohio Catholic Federal Credit Union has changed its name to OC Federal Credit Union, the credit union reported.
WASHINGTON—The CFPB has finalized a rule mandated by Congress that applies existing residential mortgage protections to Property Assessed Clean Energy (PACE) loans, the agency announced.
RANTOUL, Ill. — A Rantoul man faces up to 20 years in prison after his conviction in federal court for robbing a branch of Community Plus Federal Credit Union earlier this year, the News-Gazette reported.
WASHINGTON — The Consumer Financial Protection Bureau has issued a circular that states some credit card companies operating rewards programs may be breaking the law, including by illegally devaluing rewards points and airline miles.
NEW YORK—New York credit unions recently achieved a victory with Gov. Kathy Hochul’s veto of a bill that would have posed significant challenges to credit unions and their members, America’s Credit Unions reported.
OGDEN, Utah—Goldenwest Credit Union has handed out its largest-ever year-end bonus to members, totaling $3.5 million, the CU said.
WASHINGTON—2023 showed a significant decline in mortgage lending activities, with loan applications and originations dropping by about a third from 2022, according to CFPB’s annual report on trends in the residential mortgage lending market.
