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WASHINGTON—New guidance from the CFPB related to “junk fees” may not be “rules,” but they are going to have an affect on credit unions, including driving more regulator—and plaintiffs’ attorneys’—attention to fees other than overdrafts, such as those for returned deposits, according to one attorney.

APPLE VALLEY, Minn.—Wings Financial Credit Union is sponsoring 36 Minnesota-based credit unions as part of the Credit Union Awareness program.

RICHLAND, Wash.—Gesa Credit Union said it will award more than $500,000 in grants to 43 organizations across Washington State as part of its Local Heroes Grant Program.

NEW YORK–The investment bank Morgan Stanley is laying off about 2% of its global work force, but it’s not an indicator of a trend likely to affect credit unions. Instead, the cuts are coming as deal-making grinds to a halt, two people with knowledge of the situation told the New York Times.

MARLBOROUGH, Mass.—The Cooperative Credit Union Association (CCUA) has announced plans to create and develop a new name and brand design for its for-profit affiliate, New England Credit Union Services.

FRANKFURT, Germany—Two senior officials at the European Central Bank (ECB) are contending bitcoin is “on the road to irrelevance.”

WHITE BEAR LAKE, Minn. – Royal Credit Union has added to its retail leadership team.