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WASHINGTON--America’s Credit Unions President/CEO Scott Simpson met with Rep. Roger Williams (R-TX) Tuesday to discuss key credit union issues. 

CHICAGO—TransUnion’s 2026 Consumer Credit Forecast projects credit card balances will rise 2.3% year over year—the slowest annual growth since 2013, excluding the pandemic-driven decline in 2020. The report indicates consumers remain cautious amid ongoing economic uncertainty, while lenders continue to apply tighter underwriting standards.

RALEIGH, N.C.—Civic FCU's embattled CEO, Dwayne Naylor, will retire in January as the $4-billion institution continues to grapple with the operational and financial fallout from its troubled June merger with Local Government Federal Credit Union, Business North Carolina reported.

WASHINGTON—The Federal Reserve on Wednesday cut interest rates by a quarter point, lowering the target range for the federal funds rate to 3.5% to 3.75%, marking the third consecutive rate cut as policymakers respond to slowing job growth and easing inflation pressures.

WASHINGTON—The CFPB Tuesday said it will issue interim regulations governing open banking to protect consumer data-sharing rights after warning it could run out of money before completing its broader rewrite of Biden-era rules, Reuters reported.

WASHINGTON--Wednesday, America’s Credit Unions President/CEO Scott Simpson met with Senate Banking Committee Chairman Tim Scott (R-SC) to discuss fundamental credit union issues, ACU reported.