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WASHINGTON—America's Credit Unions is urging House leaders to approve the Common Cents Act (H.R. 3704), arguing the legislation would provide needed certainty for credit unions, businesses and consumers as the U.S. phases out production of the penny.

NEW YORK—Stablecoin issuer Circle has received final approval from the Office of the Comptroller of the Currency to establish a national trust bank, marking a significant step in bringing digital assets deeper into the U.S. banking system despite opposition from banking trade groups that had urged regulators to reject the company's charter application, Reuters reported.

WASHINGTON--Several proposed provisions updating Guidance for Federal Agency Assistance would undermine the stability and fairness of the federal financial assistance system for well-performing recipients. In comments filed Monday, America's Credit Unions requested the Office of Management and Budget withdraw the proposed rule and retain the current regulatory framework. 

ROCK ISLAND, Ill.—A man fleeing a traffic stop crashed his pickup truck into the drive-thru of a credit union Friday morning before abandoning the vehicle and escaping on foot, according to KWQ.