Fresh Today

WASHINGTON–The Defense Credit Union Council (DCUC) has launched a targeted digital advertising campaign it said is designed to highlight the “risks and concerns” around adding the proposed Credit Card Competition Act (CCCA) language to the 2025 National Defense Authorization Act (NDAA).

WASHINGTON–In a case that has been already been batted back and forth between courts, the Consumer Financial Protection Bureau has filed a motion to dismiss the Fort Worth Chamber of Commerce as a plaintiff in a case over for lack of standing and if granted, transfer the case involving the CFPB’s proposed credit card late fee cap, which would prohibit card issuers with more than one-million open accounts from charging more than $8 for late fees, unless they could prove higher fees are necessary to cover their costs.

WASHINGTON – Consumer Reports and the National Consumer Law Center, on behalf of its low-income clients, have filed a comment letter with the CFPB that offered strong support for an interpretive rule that states BNPL accounts are considered credit cards.

MINOT, N.D.– Town & Country Credit Union has named a new president and CEO.

BLOOMINGTON, Ill.–T. Sean Wells, CEO of IAA Credit Union, has announced his retirement, effective Jan. 3, 2025. The $400-million CU said it has launched a search for a successor.

BILLINGS, Mont.–The former operations manager of Altana FCU has pleaded guilty in federal court to embezzling more than $60,000 while employed by the credit union.

BILOXI, Miss.–In a 35-count indictment, 14 people have been charged with bank fraud conspiracy involving thousands of dollars in counterfeit savings bonds cashed at financial institutions in seven cities that include credit unions.

ST. PETERSBURG, Fla.– Velera has introduced IDCheck by Co-op. Now available for the Co-op Shared Branch network, the company said the solution protects members’ identities and facilitates authentication, providing a member experience that is both seamless and secure, while also helping protect credit unions’ bottom lines.

ROANOKE, Va.–After a seven-week voting process, members of Member One FCU have voted in favor of merging into Virginia Credit Union.

IRVINE, Calif.–Origence has appointed three new associate directors to its board.