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WASHINGTON—Mortgage applications increased 1.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 9, 2025.

TAMPA, Fla.—The $500-million Trax Credit Union has named Jessica Stevenson CEO.

SAN ANTONIO—The VP of member engagement at Generations Community FCU has filed a lawsuit against the $740-mlllion institution, alleging retaliation after she cooperated in an investigation into its former CEO and president, the San Antonio Express-News reported.

SAN DIEGO—Following Sen. Elizabeth Warren’s (D-MA) request that the Department of Defense freeze a contract between the U.S. Marine Corps and $1.5-billion Frontwave Credit Union here due to what she called “excessive” overdraft fees, the Marine Corps has renewed its contract with the CU.

WASHINGTON—Just one day after credit unions dodged a tax threat in the House Ways and Means full reconciliation bill draft, the Independent Community Bankers of America are calling on Congress to initiate a study into the tax-exempt status of credit unions.

WASHINGTON--The Consumer Price Index rose 0.2% in April on a seasonally adjusted basis, following a 0.1% decline in March, according to the U.S. Bureau of Labor Statistics.