Fresh Today

Fresh Today

MADISON, Wis.— A Wisconsin federal judge has granted preliminary approval to a class settlement in the long-running ERISA lawsuit against the Credit Union Retirement Plan Association (CURPA), reviving a deal that had previously been rejected and allowing the case to move toward a final fairness hearing later this summer.

NEW YORK— Inclusiv has named Shayna L. Ferguson and Winona Nava as the 2026 recipients of its Annie Vamper Helping Hands Award, recognizing two longtime community development credit union leaders for their work expanding access to financial services in Native and Hispanic communities.

 

WASHINGTON— The Treasury Department said Thursday it will move to tighten oversight of the Community Development Financial Institutions Fund, announcing a forthcoming proposed rule that would classify certain CDFI-funded awards as “federal public benefits” under the 1996 Personal Responsibility and Work Opportunity Reconciliation Act, a change Treasury said is aimed at ensuring taxpayer-funded benefits are not provided to “illegal aliens” or other non-qualified noncitizens.

BATON ROUGE—La.--Marvell Trevenski Jackson Jr., the Baton Rouge man previously tied to a fraud scheme targeting Neighbors Federal Credit Union, has now pleaded guilty in federal court to conspiracy to commit bank fraud and theft of mail in a sprawling scheme that authorities said hit multiple financial institutions — including several credit unions — and involved stolen checks, counterfeit items, smishing attacks and money mules.

MCLEAN, Va.-- The 30-year fixed-rate mortgage dipped this past week, averaging 6.37%, Freddie Mac reported.

ALEXANDRIA, Va.—With more than one in five NCUA employees having accepted buyout offers, Chairman Kyle Hauptman said Thursday the agency’s sweeping internal overhaul is not just a policy preference but an operational necessity, as the regulator used its first open board meeting since January to address its reorganization plans, advance its deregulatory push and formally roll out a new strategic plan that embraces AI, digital assets and a lighter-touch supervisory framework.