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WASHINGTON—The Financial Technology Association has sued Tennessee to block a new tax on international money transfers, arguing the law unconstitutionally discriminates against foreign commerce and unfairly targets money transmitters while exempting banks and other financial institutions. The lawsuit, filed Wednesday in federal court, seeks to prevent the tax from taking effect Jan. 1, 2027, according to court filings and reporting by Law360.

WASHINGTON--Nacha’s proposal to add the Treasury’s Bureau of Fiscal Service (BFS) to the ACH Contact Registry would help credit unions fill gaps in information and has America’s Credit Unions’ support, according to America's Credit Unions.

WASHINGTON--The League System is advancing credit union priorities with policymakers in Washington, D.C, and in home states and districts, America's Credit Unions reported.

BOSTON— Defense Credit Union Council Chief Advocacy Officer Jason Stverak told Massachusetts lawmakers Monday that interchange legislation being considered by the state could have consequences far beyond merchant fees, warning it risks creating a patchwork of payment rules that would complicate operations for credit unions and consumers alike.

TRENTON, N.J.—New Jersey Gov. Mikie Sherrill has ordered state agencies to review industries under their oversight for so-called "junk fees," directing regulators to recommend ways to curb hidden or excessive charges that increase consumer costs, according to POLITICO.

WASHINGTON—Credit union CEOs across the country are feeling the weight of operating in an increasingly complex regulatory environment and are eager to see supervision become less politicized, according to America's Credit Unions President and CEO Scott Simpson.