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WASHINGTON—Federal Reserve Vice Chairman Randal Quarles, in testimony before the House Financial Services Committee, reviewed the regulatory and supervisory agenda of the Fed, including the steps the regulator has taken to reduce the burden on community financial institutions.

ALEXANDRIA, Va.—The NCUA board today will discuss final rules on capital planning and stress testing, and advertising provisions at its open board meeting.

WASHINGTON—Credit unions and a consumer group have again found themselves on opposite sides of an issue. Both credit union trade groups have expressed support for congressional action that would dial back CFPB rules around indirect auto loans.

WASHINGTON–While credit unions cite regulatory relief in their push to get S 2155 passed by Congress, many banks have another reason for supporting the legislation–actually, more than 50 billion reasons.

MUMBAI, India—ICICI Bank, India’s largest private sector bank by consolidated assets, has announced the launch of a service that enables non-resident Indians (NRIs) to send money to a beneficiary in India using social media such as WhatsApp in addition to e-mail.

SACO, Maine–The long-time president of Saco Valley Credit Union is retiring. Carrie Shaw, who has been with the credit union for 33 years, said she will step down after beginning her career as a member service representative.

LONDON—Wearables are joining mobile phones as a high-growth payment method, a new report indicates.

ANAHEIM, Calif.–NACUSO has named the winner of its Next Big Idea competition here.

TALLAHASSEE, Fla.–Lisa Brown, president and CEO of Tallahassee-Leon Federal Credit Union, said she plans to run for a seat on the City Commission.

MADISON, Wis.– CUNA Mutual Retirement Solutions recently received 18 total Best in Class awards in the 2017 PLANSPONSOR Defined Contribution Survey.