WASHINGTON--America’s Credit Unions filed comments Tuesday addressing three separate anti-money laundering/countering the financing of terrorism (AML/CFT) proposals.
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WASHINGTON – America’s Credit Unions President/CEO Scott Simpson Tuesday called on Senate Banking Committee leadership to “move ahead expeditiously and advance” the nomination of John Crews to serve on the NCUA board.
SAN FRANCISCO—Visa’s new framework for so-called “agentic commerce,” which would allow artificial intelligence agents to make purchases and complete payments on behalf of consumers, could create significant compliance challenges for merchants, payment providers and financial institutions as the technology moves toward broader adoption, according to an analysis by attorneys at Stinson LLP, Law360 reported.
PROVIDENCE, R.I.— Longtime Rhode Island Credit Union President and CEO David Suvall will retire July 1 after 45 years with the organization, with the credit union’s board naming Executive Vice President and COO Nancy Zeppa as his successor, Go Local Prov reported.
LAWRENCEVILLE, Ga.—Used vehicle values continued to strengthen in May, with the Black Book Used Vehicle Retention Index rising 0.6% from April as an unusually strong spring selling season extended well beyond historical norms.
U.S. consumers now hold approximately $1.7 trillion in outstanding auto loan debt, and average balances continued to rise in many major metropolitan areas during the first quarter of 2026, according to a new analysis by WalletHub.
SAN FRANCISCO—Visa is expanding its Commercial Solutions Hub as the payments giant pushes to accelerate adoption of virtual cards among financial institutions, suppliers and corporate clients by reducing many of the operational hurdles that have historically slowed broader use of the technology.
MADISON, Wis.—Fewer than half of Americans believe they are better off financially than their parents, according to the TruStage 2026 What Matters Now Study, which found growing concerns about the cost of living, retirement security and the changing nature of the American Dream.
ALEXANDRIA, Va.—America’s Credit Unions voiced support for the NCUA’s proposed field-of-membership rule, saying the measure would modernize current requirements and expand access to credit union membership for more consumers. The proposal, released as part of the agency’s ongoing Deregulation Project, would make several changes to existing field-of-membership standards.
WASHINGTON—Working to protect the current interchange system, America’s Credit Unions, the Defense Credit Union Council and several other financial services organizations filed an amicus brief Monday in Linney’s Pizza v. Federal Reserve in the U.S. Court of Appeals for the Sixth Circuit.