WASHINGTON— America’s Credit Unions and the Defense Credit Union Council used separate media calls Monday to deliver a clear message as Congress remains out of town: they see real alignment with the White House on fighting fraud, but they are also moving aggressively to protect CDFI funding and the credit union tax exemption as budget reconciliation and DHS funding talks begin to take shape.
WASHINGTON—A federal judge in Washington on Friday rejected the Justice Department’s bid to revive subpoenas issued as part of its investigation into Federal Reserve Chair Jerome Powell, delivering another setback to a politically charged probe that critics have said threatens the central bank’s independence.
WASHINGTON-Scienaptic AI has joined the Defense Credit Union Council's Premier Circle Program, DCUC announced.
CHICAGO--The Illinois Attorney General filed their reply brief in the U.S. Court of Appeals for the Seventh Circuit Friday, seeking to uphold the lower court’s decision on the interchange fee portion of the Interchange Fee Prohibition Act (IFPA) and reverse the decision on the data use provision, America's Credit Unions reported.
CLEVELAND— Century Federal Credit Union has been named the Official Credit Union of Major League Baseball’s Cleveland Guardians.
BUTTE, Mont.— A man who robbed Southwest Montana Federal Credit Union in March 2025 was sentenced Thursday to 10 years in prison, with five years suspended, after apologizing in Butte District Court and telling the judge he wanted the structure of prison, according to KXLF.
NEW YORK--Trust in financial services can no longer be treated as a one-time checkpoint at account opening, as fraudsters increasingly exploit digital channels, according to a new PYMNTS report based on interviews with executives from Mastercard and Trulioo.
SOUTH BEND, Ind.— Notre Dame Federal Credit Union said it is moving forward with its planned merger with Catholic United Financial Credit Union after Catholic United Financial CU members overwhelmingly approved the deal at a special membership meeting last month.
WASHINGTON– President Trump’s FY2027 budget proposal includes several provisions impacting credit unions, including changes to community development funding (see related story), small business lending programs, and investments in fraud prevention and national security, America's Credit Unions noted.
WASHINGTON— A roughly $285-million theft from decentralized finance platform Drift Protocol is putting fresh pressure on U.S.-regulated stablecoin issuers, after millions of dollars in stolen funds were traced through USDC and other tokens in what blockchain security firm CertiK said was the largest crypto security incident of 2026 so far, American Banker reported.
