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WASHINGTON—The Federal Housing Administration has released a new implementation guide to help lenders, appraisers and technology providers prepare for the agency's transition to the Uniform Appraisal Dataset (UAD) 3.6 and the redesigned Uniform Residential Appraisal Report (URAR).

WASHINGTON--As Nacha works to improve the efficiency of the ACH Network’s return processes, America’s Credit Unions provided feedback on three proposals related to return efficiencies and operations.

EAST LANSING, Mich.—Michigan State University has signed a 10-year sponsorship agreement with MSU Federal Credit Union that will place the credit union's logo on the uniforms of all 23 varsity sports programs, marking what reports describe as the first department-wide jersey patch sponsorship in the Big Ten.

WASHINGTON—Federal Reserve Vice Chair for Supervision Michelle Bowman said additional changes to the central bank's supervisory and regulatory framework are imminent, including a reorganization of the Fed's Supervision and Regulation Division and the hiring of new leadership to implement a more risk-focused approach to bank oversight.

PITTSBURGH—A credit union member narrowly avoided losing thousands of dollars after fraudsters posing as employees of Clearview Federal Credit Union used caller ID spoofing, account information and high-pressure tactics to convince her that her debit card had been compromised, according to Yahoo Finance.

On June 26, 1934, in the midst of the Great Depression, President Franklin D. Roosevelt signed the Federal Credit Union Act into law. At first glance, it appeared to be one of many measures designed to help a struggling nation recover. In reality, it created something far more enduring than a government program. It gave Americans ownership over their own financial futures.

On June 26, 1934, Franklin Roosevelt signed his name to the Federal Credit Union Act, and in doing so made a commitment to ordinary Americans: that safe, affordable financial services were not a privilege for the wealthy but a right for everyone. Ninety-two years later, that commitment is being tested.  

WASHINGTON—The FDIC has proposed sweeping changes that would significantly reduce regulatory requirements for large banks while cutting the banking industry's annual deposit insurance assessment bill by an estimated $4 billion, or roughly one-third, marking one of the agency's most significant deregulatory initiatives under Chairman Travis Hill.