Advanced search

RICHLAND, Wash. --The widening ransomware breach at Marquis Software Solutions has now reached another large credit union, with $6.4-billion Gesa Credit Union confirming that member data was compromised through the vendor’s systems.

SANTA CLARA, Calif.—NCUA has granted a federal charter and Share Insurance Fund coverage to Haven Federal Credit Union here, the agency announced.

WASHINGTON—The Defense Credit Union Council and America's Credit Unions have joined a powerful coalition of banking and payments groups urging the Federal Reserve to formally withdraw its stalled debit-interchange proposal under Regulation II.

WASHINGTON—Sen. Elizabeth Warren (D-Mass.), the ranking member of the Senate Banking, Housing and Urban Affairs Committee, and other Democratic members of the panel are urging Chairman Tim Scott (R-S.C.) to immediately schedule a legally required hearing with CFPB Acting Director Russell Vought before the end of the month.

WASHINGTON —While the outlook for credit conditions over the next six months has improved, bank economists expect continued softening in credit quality and availability given the prospect of persistent labor market headwinds, according to the American Bankers Association’s latest Credit Conditions Index.

WASHINGTON—National banks may legally conduct riskless principal transactions involving crypto-assets under new guidance issued by the Office of the Comptroller of the Currency.