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NEW YORK—The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges with The Bank of New York Mellon (BNYM) for repeatedly failing to correctly report millions of swap transactions to a registered swap data repository, in violation of a prior CFTC order against BNYM.

NEW YORK–A former credit union branch manager has been sentenced to nearly 10 years in prison for plotting to hire a hitman to kill her brother-in-law, with prosecutors also releasing new details around how the attempted hit played out.

WASHINGTON–In a letter published in the Washington Post, the president of the America Bankers Association has blasted Virginia-based Northwest FCU’s purchase of the naming rights to the home stadium of the NFL’s Washington Commanders, arguing that was never the intent when Congress provided credit unions with a federal tax exemption.

WASHINGTON–Credit unions are in Washington this week for America’s Credit Unions’ Congressional Caucus and the CU tax exemption is higher on the agenda—at least in terms of discussion—than it has been in recent years.

WARREN, Ohio —Credit unions continue to announce partnerships with sports programs and athletes.

WASHINGTON—The Federal Reserve needs to conduct additional outreach on expanded operating hours for the FedWire Funds Service and National Settlement Service (NSS) before proceeding with a final rule, according to America’s Credit Unions.

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has published a new Financial Trend Analysis (FTA) on mail theft-related check fraud that shows nearly $700 million in suspicious activity was reported over a six-month period.

NEW YORK—The average 30-plus-day delinquency rate for six major U.S. credit card issuers ticked up in July.

CHICAGO—Consumers want to be involved in the fraud fight, but financial institutions are doing a poor job of helping them by providing only the lowest levels of education and then expecting people to be effective, according to TransUnion.

WASHINGTON–The Senate Committee on Finance has scheduled a hearing this week titled “The 2025 Tax Policy Debate and Tax Avoidance Strategies” that will include among its witnesses an organization that has been strongly critical of the credit union tax exemption.