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SAN JUAN, Puerto Rico—After two years of efforts, the Financial Oversight and Management Board for Puerto Rico is reporting little to no progress in reforming the Public Corporation for the Supervision & Insurance of Cooperatives in Puerto Rico (COSSEC), a new report claims.

WASHINGTON–The House has passed the Secure and Fair Enforcement (SAFE) Banking Act, which provides a number of protections for financial institutions serving cannabis businesses in states where marijuana has been legalized in some form.

WILMINGTON, N.C.–The Credit Union Industry “HealthScore” has posted a 22nd consecutive quarter of year-over-year increases.

WASHINGTON—Members of the Senate Banking Committee stressed the need for equal competition in faster payments during a hearing this week focused on the issue. Both credit union trade groups shared input with the committee.

WASHINGTON—A number of phone service providers and the Federal Communications Commission (FCC) are acknowledging potential issues with call blocking errors as a result of a new caller identification framework – known as SHAKEN/STIR.

ARLINGTON, Va.—August's 7.1% increase in new-home sales are pointing to a resilience in the market. In particular, lower mortgage rates have supported sales, and NAFCU's Curt Long said higher inventory will "sop up some of the supply shortages in the existing market."

ST. GEORGE, Utah–Mountain America Credit Union said it has entered into a long-term partnership with Dixie State University Athletics.