Advanced search

BILOXI, Miss.— As the partial government shutdown limited to the Department of Homeland Security drags deeper into spring, Keesler Federal Credit Union is doing more than rolling out another emergency-relief program for unpaid federal workers—it is taking that help directly into the workplace, setting up in TSA break rooms at airports so frontline officers can enroll on the spot and keep reporting for duty without first navigating branch visits or paperwork hurdles.

WASHINGTON— With the Department of Homeland Security shutdown now stretching into its second month, the Defense Credit Union Council said Monday the standoff has become the most urgent issue on Capitol Hill for institutions serving military families and federal workers—while also warning that the budget fight may be accelerating momentum toward a broader reconciliation package that could reopen concerns over the credit union tax exemption.

WASHINGTON— The Financial Stability Oversight Council’s Office and the Treasury Department’s Artificial Intelligence Transformation Office have launched a new public-private “AI Innovation Series,” a four-roundtable initiative Treasury said is designed to help financial institutions, technology firms and regulators identify high-value AI use cases while preserving safety, soundness and resilience across the U.S. financial system.

MIAMI— A federal judge in Florida has dismissed a lawsuit brought by President Donald Trump’s business entities accusing Capital One of closing hundreds of accounts after the Jan. 6, 2021, Capitol riot, but left the door open for the plaintiffs to try again with a revised complaint.

WASHINGTON— America’s Credit Unions President/CEO Scott Simpson said Monday he came away from Friday’s roundtable with House Financial Services Committee Chairman French Hill “optimistic” that credit unions will remain part of ongoing discussions around regulatory relief, including the question of parity with community banks.

CHICAGO--The Illinois Credit Union League and America's Credit Unions have an ad featured in a special edition of USA Today to raise awareness about the consequences of the state's Interchange Fee Prohibition Act (IFPA) and how credit unions are fighting to keep the payments system working for consumers.