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WASHINGTON—The Defense Credit Union Council is urging federal officials to ease compliance burdens and clear regulatory roadblocks, sending a letter to FinCEN that backs the agency’s renewal of Bank Secrecy Act information-sharing requirements.

WASHINGTON—Americans added far less credit card debt this summer than they did a year ago, signaling that households may be regaining financial footing heading into the holiday shopping season, according to new projections released by WalletHub ahead of Friday’s Federal Reserve data.

RANCHO MIRAGE, Calif.--America’s Credit Union President/CEO Scott Simpson emphasized the importance of leagues to the credit union movement as leaders from key credit union organizations came together from across the country this week for the American Association of Credit Union Leagues (AACUL) Winter Conference.

HOUSTON--The $4.9-billion Texas Dow Employees Credit Union has become the newest member of the Defense Credit Union Council, DCUC announced.

PURCHASE, N.Y.—The holiday shopping season is taking shape with familiar patterns—early decorations, extended Black Friday promotions, and strong consumer turnout—but several dynamics set this year apart, including increased use of AI-driven commerce tools and expanded safeguards against cybercrime, Mastercard reported.

BURBANK, Calif.—Financial institutions are racing to figure out where generative AI fits into their lending operations, and a new Celent study offers one of the clearest snapshots yet of how quickly the technology is taking hold—and where lenders expect real impact.

WASHINGTON—With just days left in the Senate’s 2025 legislative calendar, the Defense Credit Union Council is urging chamber leaders to fast-track passage of S. 522, the Credit Union Board Modernization Act, calling it a rare bipartisan reform that would immediately reduce outdated regulatory burdens on credit unions nationwide.

HARTFORD, Conn.—With CFPB oversight of buy now, pay later lenders effectively dismantled by the Trump Administration, Connecticut Attorney General William Tong is leading a seven-state coalition demanding answers from the nation’s largest BNPL firms.