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MADISON, Wis.—The World Council of Credit Unions (WOCCU) has sent a letter to U.S. Secretary of State Marco Rubio stressing the strategic importance of the USAID-funded financial inclusion projects WOCCU implements through credit unions in eight countries and asking he honor USAID's existing funding obligations.

CHICAGO—Retail merchants’ motion to intervene in the challenge to the Illinois Interchange Fee Prohibition Act (IFPA) was denied Friday by the U.S. District Court for the Northern District of Illinois, America’s Credit Unions reported.

WASHINGTON—The Consumer Financial Protection Bureau has released two reports looking at national rental payment data from September 2021 to November 2024.

WASHINGTON—Is the $5 cap on overdraft fees dead? Acting CFPB Director Scott Bessent has suspended a wide range of activities at the agency. 

WASHINGTON—Rohit Chopra has stepped down as director of the CFPB.

WASHINGTON—The Trump Administration has named Scott Bessent acting director of the Consumer Financial Protection Bureau, the CFPB announced.

WASHINGTON—House Financial Services Republicans will hold their annual retreat Tuesday, and the Independent Community Bankers of America (ICBA) is expected to make an appearance, according to a news report. However, credit unions, apparently, have not been invited.