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ST. PETERSBURG, Fla.– Velera has introduced IDCheck by Co-op. Now available for the Co-op Shared Branch network, the company said the solution protects members’ identities and facilitates authentication, providing a member experience that is both seamless and secure, while also helping protect credit unions’ bottom lines.

WASHINGTON–In a case that has been already been batted back and forth between courts, the Consumer Financial Protection Bureau has filed a motion to dismiss the Fort Worth Chamber of Commerce as a plaintiff in a case over for lack of standing and if granted, transfer the case involving the CFPB’s proposed credit card late fee cap, which would prohibit card issuers with more than one-million open accounts from charging more than $8 for late fees, unless they could prove higher fees are necessary to cover their costs.

BLOOMINGTON, Ill.–T. Sean Wells, CEO of IAA Credit Union, has announced his retirement, effective Jan. 3, 2025. The $400-million CU said it has launched a search for a successor.

BILOXI, Miss.–In a 35-count indictment, 14 people have been charged with bank fraud conspiracy involving thousands of dollars in counterfeit savings bonds cashed at financial institutions in seven cities that include credit unions.

ANN ARBOR, Mich.–A new survey has found that while Americans’ savings rates in 2024 are similar to those of two years ago, “savings priorities have changed.”

BILLINGS, Mont.–The former operations manager of Altana FCU has pleaded guilty in federal court to embezzling more than $60,000 while employed by the credit union.

MINOT, N.D.– Town & Country Credit Union has named a new president and CEO.