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WASHINGTON--With NCUA Chairman Kyle Hauptman set to testify before the House Financial Services Committee Tuesday, America’s Credit Unions Senior Vice President of Advocacy Greg Mesack outlined several credit union priorities in a letter sent for the hearing’s record.

ONTARIO, Calif.—California credit unions recently received a blunt warning from federal law enforcement: financial fraud is accelerating, becoming more sophisticated, and increasingly costly for institutions and members.

MADISON, Wis.—The World Council of Credit Unions (WOCCU) is urging credit unions to move into the AI era with eyes wide open, unveiling a new whitepaper—Navigating the Ethical Landscape of Artificial Intelligence in Credit Unions—that offers a practical roadmap for responsible adoption.

RALEIGH, N.C.—Following substantial backlash and growing frustration from former Local Government FCU members after their June 2 merger into Civic FCU, the $3.5-billion CFCU is now experiencing the financial fallout—posting $75 million in losses over the first nine months of the year and seeing a sharp rise in loan delinquencies, Business North Carolina reported.

WASHINGTON—Financial institutions—and especially money services businesses (MSBs)—are being urged to heighten scrutiny of cross-border transactions after the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a new advisory warning of efforts by illegal aliens in the United States to move illicitly obtained funds through the financial system.

NEW YORK—New data from PYMNTS Intelligence shows U.S. consumers pulled back on Black Friday in significant ways, delivering softer in-store traffic and a more restrained approach to holiday spending despite historically aggressive promotions.

RANCHO MIRAGE, Calif.--The American Association of Credit Union Leagues (AACUL) and America’s Credit Unions (ACU) Monday jointly announced the return of Scott Simpson, ACU’s new president/CEO and former president of three state leagues, to the AACUL board.

BOISE, Idaho—Mountain America Credit Union is turning Boise State football success into direct community impact, contributing $15,000 this season to support BroncoLife and its off-the-field development programs for student-athletes.

WASHINGTON—The Defense Credit Union Council is pushing back against Sen. Elizabeth Warren’s scrutiny of overdraft practices, telling the Massachusetts Democrat that her recent criticisms overlook the core differences between credit unions and the big banks she often targets—and risk undermining services that military families rely on.

WASHINGTON—NCUA Chairman Kyle Hauptman told House lawmakers Tuesday the agency is committed to maintaining a “right-sized” regulatory framework that promotes safety and soundness without stifling innovation—a message delivered at a time when speculation continues in Washington about whether the Trump Administration may seek to consolidate federal financial regulators.