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WASHINGTON—Treasury Secretary Scott Bessent faced sharp questioning before the Senate Finance Committee on Wednesday as lawmakers examined the Trump Administration’s FY 2027 budget request for the Treasury Department, with senators pressing him on inflation, tax policy, IRS oversight and broader economic issues. The hearing was held by the Senate Finance Committee and focused on Treasury’s proposed budget and economic priorities.

WASHINGTON—America’s Credit Unions said candidates backed by its political action committee posted a strong showing in Tuesday’s primary elections, with 53 of 55 supported candidates advancing to the general election and two races still too close to call.

RYE, N.Y.— USALLIANCE Financial has named longtime executive and Chief Financial Officer Brett Wheeler as its new president and CEO, succeeding Harry Zhu, who is leaving the organization to pursue other opportunities, the CU reported.

TAMPA—When credit union leaders talk about artificial intelligence, much of the conversation tends to focus on chatbots, fraud detection or automation. But Paolo Teotino believes the technology’s most important impact may be far less visible—and far more transformative.

WASHINGTON--The Defense Credit Union Council reported it recently joined a broad coalition of national banking, credit union, financial services, payments, housing, fintech, and student loan trade associations in submitting comments to the Federal Communications Commission (FCC).