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.
TAMPA-- Velera Thursday announced an evolution of its Fintech Engagement Program, introducing an inaugural cohort of six fintech partners offering exclusive benefits, such as discounted pricing or waived fees, to Velera credit unions.
WASHINGTON—The Trump White House is pushing back on one of the banking industry’s core arguments in the fight over stablecoin “rewards,” with presidential economists concluding that banning crypto exchanges and other intermediaries from paying yield on stablecoin balances would do little to preserve bank lending while leaving consumers worse off.
ATLANTA--America’s Credit Unions said its PAC continued what it called a strong record in special elections Tuesday, notching its sixth win in six contests so far this cycle as businessman Clay Fuller (R) won a special runoff in Georgia’s 14th Congressional District. Fuller will fill the open seat previously held by Rep. Marjorie Taylor Greene (R).
WASHINGTON--The Federal Reserve would permit credit unions to use intermediaries to transfer funds through the FedNow Service under a proposal issued Wednesday, America's Credit Unions reported.
WICHITA, Kan.— The $500-million Mid American Credit Union has tapped longtime executive Kayla Stading as its next president and CEO, with the internal promotion setting up a leadership transition as current President/CEO Brad Herzet prepares to retire in February 2027.
NEW YORK--As scams grow faster and more convincing, financial institutions are being pushed to rethink fraud prevention around a harder truth: stopping modern fraud now means defending against both technology-driven attacks and human manipulation, according to PYMNTS.
WASHINGTON— Federal Reserve officials signaled in minutes released Wednesday that they remain in no rush to cut rates, with policymakers increasingly worried that inflation could stay elevated longer than expected even as they also see growing downside risks to hiring and the labor market.
MADISON, Wis. –– TruStage Wednesday announced it is launching a new Collateral Protection Insurance (CPI) product.
WASHINGTON—Treasury on Wednesday moved another step deeper into the post-GENIUS Act stablecoin framework, as FinCEN and OFAC jointly proposed rules that would treat permitted payment stablecoin issuers as financial institutions for Bank Secrecy Act purposes and require them to maintain anti-money-laundering and sanctions-compliance programs.
