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DALLAS—When John Wingate looks at the year ahead, he sees credit unions going all in on the stablecoin market at a pace few could have imagined just months ago.

WASHINGTON—The Federal Reserve on Wednesday cut its benchmark interest rate by 25 basis points to a new target range of 4% to 4.25%, a widely anticipated move that analysts say could provide relief to credit union auto loan portfolios and support the broader economy.

WASHINGTON—Mortgage applications increased 29.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Sept. 12.

MILWAUKEE – In the Cellar, an annual black-tie fundraiser supporting Children’s Miracle Network (CMN) Hospitals, announced it raised $1,181,990 at its 2025 event.

NEW YORK—Financial institutions remain in the crosshairs of the cybercrime group Scattered Spider, despite claims the hackers are “going dark,” Bank Info Security reported.

WASHINGTON--On the same day the Fed cut interest rates by 25 BPs, House Committee on Financial Services Chairman French Hill (R-AR), Rep. Byron Donalds (R-FL), and Rep. Marlin Stutzman (R-IN) reintroduced the Price Stability Act aiming to end the Federal Reserve’s dual mandate and ensure the central bank focuses exclusively on containing inflation.  

ALBANY, N.Y.—The New York State Department of Financial Services on Wednesday ordered banking institutions to deploy blockchain analytics to help detect and prevent illicit activity, citing rising engagement with digital assets, The Block reported.

WASHINGTON--A Kentucky U.S. District Court ruled this week the Federal Reserve’s debit interchange Regulation II is lawful and reasonable, America's Credit Unions reported.

WASHINGTON--Fraud is a top concern for credit unions, and America’s Credit Unions said it is working to raise greater awareness and make positive changes on the legislative and regulatory fronts.