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WASHINGTON—A bipartisan group of lawmakers has sent a letter to Speaker of the House Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA) calling for a one-year extension to existing Troubled Debt Restructuring (TDR) and Central Liquidity Facility (CLF) regulations.

OAK RIDGE, Tenn.–For the third year in a row, the ORNL Federal Credit Union has paid out a special dividend to members. The $4 million special dividend was issued to members on Oct.16, during International Credit Union Week.

WYANDOTTE, Mich.–Michigan Legacy Credit Union is offering to give local voters a free ride via Lyft to their polling place on election day. The offer, which is for a round-trip ride, is available to anyone who live in one of five zip codes.  Membership in the credit union is not required.

NEW YORK–A new study of financial crime compliance costs found spending by American and Canadian financial institutions is up significantly in 2020, driven in part by the coronavirus pandemic.

WASHINGTON—The Consumer Financial Protection Bureau has filed a proposed stipulated final judgment and order to settle its lawsuit against Encore Capital Group, Inc., and its subsidiaries, Midland Funding, LLC; Midland Credit Management, Inc., and Asset Acceptance Capital Corp. 

BISMARCK, N.D./SIOUX FALLS, S.D.–The Dakota Credit Union Association has named the winners of the CU Social Good Award.

BROOKFIELD, Wis.–One credit union is among the Fiserv clients that have been recognized with 2020 IDC FinTech Rankings Real Results Awards for the standard-setting execution of strategic initiatives.

NEW YORK–PayPal is launching its own cryptocurrency service, allowing people to buy, hold and sell digital currency on its site and applications.

LISBON, Portugal – European and American officials announced the arrest of 20 people in multiple countries for allegedly belonging to an international ring that has laundered millions of euros stolen by cybercriminals through malware.

LEXINGTON, Ky.–The University of Kentucky Federal Credit Union (UKFCU) is rolling out a new #TakeCare campaign it said it hopes will inspire members of the community to share positivity and participate in acts of kindness.