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WASHINGTON--The House Financial Services Committee began marking up a series of bills Tuesday, including several that would provide credit unions with resources to combat fraud and update fraud liabilities. 

LEBANON, Pa.—The $538-million Lebanon Federal Credit Union has named Matt Gehman as its new president and CEO, LebTown reported.

HATTIESBURG, Miss.—The $142-million CenturyFirst Federal Credit Union here has agreed to merge with $5.1-million Water's Edge FCU, with members of the Biloxi, Miss.-based credit union scheduled to vote on the proposal Aug. 25, according to NCUA and merger materials distributed to members.

TALLAHASSEE, Fla.— Florida Attorney General James Uthmeier has opened an antitrust investigation into Fair Isaac Corp. (FICO), alleging the company may have abused its dominant position in the credit-scoring market by raising prices, suppressing competition and increasing borrowing costs for consumers. The attorney general's office issued a Civil Investigative Demand requiring the company to produce documents related to its business practices and market conduct, WTVX reported.

SAN FRANCISCO—An FDIC banking expert told a federal judge Wednesday that Silicon Valley Bank's leadership ignored basic principles of prudent banking, testifying that executives knowingly allowed the bank to take excessive interest-rate and liquidity risks that ultimately led to its historic 2023 collapse, Law360 reported.

EAST LANSING, Mich.—MSU Federal Credit Union has opened the Money Lab, an interactive youth banking space designed to help children build financial skills through hands-on learning in a fully operational credit union branch.