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WASHINGTON — As speculation mounts over President Trump’s next pick to lead the Commodity Futures Trading Commission, one name — NCUA Chairman Kyle Hauptman — has been seen as a strong match for the role, though latest signals suggest his odds are fading.

WASHINGTON—A new crypto-focused bank backed by some of Silicon Valley’s biggest names has received the green light from federal regulators, marking the latest move by Trump-era appointees to expand digital-asset access within the U.S. banking system.

ALEXANDRIA, Va.--NCUA Monday issued a notice of proposed rulemaking to codify the elimination of reputation risk from its supervisory program, the agency announced.

APPLE VALLEY, Minn.—The planned merger between $9.5-billion Wings Credit Union here and $10.3-billion Ent Credit Union, based in Colorado Springs, Colo., would deliver a $7-million payout to Wings CEO Frank Weidner, according to details in a ballot sent to members last week, the Minneapolis/St. Paul Business Journal reported.

WASHINGTON--Congress can take several actions to improve housing affordability, some of which were outlined in a letter from America’s Credit Unions to a Senate Banking subcommittee Monday. The comments were sent for the record of a subcommittee hearing on housing policy scheduled for Tuesday. 

WASHINGTON--Small lenders – including credit unions – face a disproportionate burden under the current Home Mortgage Disclosure Act (HMDA) reporting requirements. America’s Credit Unions reached out to CFPB Acting Director Russell Vought with a letter sent Monday, urging meaningful action to change these burdens.  

SEATTLE—A pre-dawn outage at Amazon Web Services on Monday rippled through many credit unions nationwide, knocking out or slowing online banking, mobile apps, call centers, authentication and bill pay at institutions from Navy Federal to community CUs in Iowa, Wyoming, Arizona and California.