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WASHINGTON—CFPB Director Kathy Kraninger – during a House Financial Services Committee hearing to review the Bureau – restated her position the agency will no longer defend the Bureau's single-director structure in a lawsuit set to be considered by the Supreme Court in March.

MADISON, Wis.—The Global Women’s Leadership Network is reporting credit union women in five African nations and two U.S. states have started new Sister Societies since the organization surpassed a total of 100 in July of 2019, bringing the new total to 108 chapters in 26 countries.

WASHINGTON—CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the first quarter of 2019.

WASHINGTON—Ahead of a House Ways and Means Committee hearing to examine the corporate income tax, NAFCU's Brad Thaler touted the economic benefits and value of the credit union tax exemption, highlighting that "credit unions are a vital part of the financial services industry and provide their nearly 120 million members financial opportunities they may not otherwise have access to."

ROCKY HILL, Conn.– Nutmeg State Financial Credit Union said it has entered into a new partnership with Porter and Chester Institute, a technical school with locations in Connecticut, Massachusetts and Pennsylvania, to offer education loans to its students.

WINSTON-SALEM, N.C.–A decision by the newly renamed Truist Financial Corp. to delay a name change for the bulk of its branches until at least August 2021 could become a legal liability in fending off a trademark-infringement lawsuit by Truliant Federal Credit Union, according to one new analysis.

MADISON, Wis.—Nominations are now being accepted for the 2020 World Council Young Credit Union Professionals’ (WYCUP) Scholarship—an annual award aimed at emerging credit union leaders around the globe.

WASHINGTON—Federal Reserve Chairman Jerome Powell said he does not anticipate the country will enter into a recession anytime soon, but Powell did call on Congress to reduce the federal budget deficit to ensure the Fed is able to respond to a financial crisis when one arrives.

WASHINGTON—Federal Housing Finance Agency (FHFA) Director Dr. Mark Calabria indicated the agency will propose new rules under the affordable housing requirements, which would replace the existing affordable housing goals and duty to serve plans.

VANCOUVER, Canada–Mastercard has unveiled its new Intelligence and Cyber Centre here.