Fresh Today

WASHINGTON--Working to protect export rights of state-chartered credit unions, America’s Credit Unions and other organizations filed an amicus brief with the U.S. Court of Appeals for the 10th Circuit Thursday, ACU reported.

TOPEKA, Kans.--Kansas City Federal Reserve President Jeffrey Schmid suggested Thursday that the Federal Reserve's next policy debate may center on whether to keep interest rates steady or raise them further, signaling growing concern that inflation remains stubbornly above the central bank's target, according to Reuters.

WASHINGTON--State banking regulators are urging the Treasury Department not to rely solely on forthcoming Office of the Comptroller of the Currency (OCC) rules when determining whether state stablecoin regulatory frameworks meet the standards required under the GENIUS Act, arguing that states should retain flexibility to tailor oversight while still meeting federal requirements.

WASHINGTON--A split among Republicans over President Trump’s recent executive order directing regulators to increase immigration-related scrutiny of bank customers surfaced Thursday during a House Financial Services Committee hearing, where lawmakers questioned banking regulators about the potential impact on financial institutions and consumers, Law360 reported.

WASHINGTON--Credit union priorities took center stage on Capitol Hill Thursday as America’s Credit Unions President and CEO Scott Simpson joined members of the association’s advocacy team for meetings with key lawmakers and policymakers to advance the industry’s legislative agenda.

ROYAL OAK, Mich.— CUSG announced it is rebranding as Navari, a move the company said reflects its evolution into a unified platform spanning human resources, experience management, marketing technology and financial solutions.

WASHINGTON--The Defense Credit Union Council submitted a letter for the record ahead of the House Financial Services Committee's hearing today, "Oversight of Prudential Regulators," urging lawmakers to examine key issues affecting military-serving credit unions, including liquidity support, regulatory burden, innovation, and federal preemption of state interchange fee mandates. 

WASHINGTON—Outgoing NCUA Chairman Kyle Hauptman used what is likely to be his final appearance before the House Financial Services Committee to champion stablecoins, defend the role of smaller financial institutions and argue that regulation often falls hardest on community based credit unions.

WASHINGTON—As the U.S. Senate prepares to take up the CLARITY Act and broader digital asset legislation, a new survey commissioned by the American Bankers Association found consumers overwhelmingly support restrictions on stablecoin rewards if they threaten bank deposits and local lending.