Advanced search

PLANO, Texas— A new federal tax deduction allowing consumers to deduct interest on qualifying auto loans is being billed as a borrower benefit, but newly issued regulations from the U.S. Department of the Treasury and the Internal Revenue Service show the program will impose significant compliance and reporting obligations on credit unions and other auto lenders.

WASHINGTON—Appearing on stage during the America’s Credit Unions Governmental Affairs Conference, NCUA Chairman Kyle Hauptman joined ACU President/CEO Scott Simpson for a wide-ranging discussion that zeroed in on what he sees as defining issues for the agency: the emergence of stablecoins, the current dynamic of serving as NCUA’s lone board member, and the accomplishments he believes will shape his legacy before departing for the Public Company Accounting Oversight Board.

BOSTON — Federal Reserve Gov. Christopher J. Waller said Tuesday the central bank is moving aggressively but cautiously to embed artificial intelligence across its operations, arguing that a coordinated, systemwide approach is essential as AI, tokenization and other technologies reshape finance and payments.

NEW CASTLE, Del. — A 28-year-old New Castle man has been arrested after allegedly attempting to rob Dover Federal Credit Union, according to the Delaware State Police.

SACRAMENTO, Calif. — The California Department of Financial Protection and Innovation said it has ordered Coinme, one of the state’s largest crypto kiosk operators, to refund an additional $175,000 to California consumers who were unlawfully overcharged, according to a department release.

WASHINGTON—America’s Credit Unions President and CEO Scott Simpson told attendees at the 2026 Governmental Affairs Conference that what’s truly at stake in Washington isn’t just policy — it’s the “transformational experiences” credit unions create in people’s lives every day.

DALLAS— BankSocial has introduced Substrate, the private Human Powered AI “data ocean” embedded within the BankSocial Nuron stack, built in partnership with Google Cloud and powered by Google Cloud Vertex AI.