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MADISON, Wis.–“Eye-popping” auto lending at credit unions was the big driver in a robust first half of 2022 for overall lending at credit unions, according to August 2022 CUNA Economic Update.

WASHINGTON—A joint committee of the American Law Institute (ALI) and the U.S. Uniform Law Commission (ULC) has finalized amendments to the Uniform Commercial Code (UCC), regulating the specifics of digital asset transactions and crypto-as-collateral secured financings.

ARLINGTON, Va.–Congress may be on recess, but the opportunity for CUs to meet with their representatives is anything but, according to one person.

OKLAHOMA CITY, Okla.–Communication FCU has expanded its field of membership to underserved portions of the Oklahoma City and Tulsa markets in Oklahoma.

CAMBRIDGE, Md.–The Metropolitan Credit Union Management Association (MACUMA) will be meeting at the Hyatt Chesapeake Bay Resort Sept. 27-29. The event will also be available virtually.

BISMARCK, N.D.–North Dakota’s credit unions say NCUA is withholding more than $10 million owed them as part of the resolution of the failed corporate credit unions, and the state’s two senators are also pressing the agency to return the funds.

WICHITA Kan.– Merchants continue to maintain the pressure on Congress to pass a proposed bill that would affect card interchange, legislation that credit unions strongly opposed.

MINNEAPOLIS, Minn.–Too many big commercial lending opportunities have slipped past credit unions—including state and local infrastructure projects—due to cooperatives’ limited size and risk appetite, according to the leader of a new CUSO that aims to change that.

TOPEKA, Kan.–While Kansas Sen. Roger Marshall (R) was in his home state meeting with merchants who support the interchange legislation he is co-sponsoring, the Sunflower State’s credit unions and banks moved to reissue a statement at the same time expressing their opposition.

LONDON—A joint operation involving U.K. intelligence agency Government Communications Headquarters (GCHQ) and the U.K. Ministry of Defense has taken direct action against computer networks used by cyber criminals, helping to protect people against cyberattacks and also making hundreds of thousands of stolen credit cards worthless to the crooks who stole them, according to one new report.