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If Congress is serious about expanding financial access, it should modernize credit union field-of-membership (FOM) rules. An outdated federal framework still limits who many credit unions can serve, even when those institutions are ready to step into communities that traditional banks have left behind.

WASHINGTON--America’s Credit Unions President and CEO Scott Simpson said Monday that while congressional Republicans are exploring a second budget reconciliation package, significant political and procedural hurdles remain.

CARMEL, Ind. – Allied Solutions announced the recipients of the inaugural Allied for Good: CU4Kids Grant, awarding 37 grants to credit unions and affinity groups in 19 states.

WASHINGTON--The Treasury Department’s Financial Crimes Enforcement Network has proposed rules to fully stand up a long-awaited whistleblower program that would pay individuals 10% to 30% of collected monetary penalties if their tips lead to successful enforcement actions involving Bank Secrecy Act violations, sanctions cases and other illicit-finance offenses. FinCEN said the proposal was submitted Monday to the Federal Register as a Notice of Proposed Rulemaking.

WINFIELD, Ind.— The $182.3-million REGIONAL FCU has named Michael Peters president and CEO, succeeding longtime leader Jill Banning following what the credit union said was nearly four decades of service and leadership.

WASHINGTON—The U.S. Department of Labor on Monday unveiled a proposed rule that would make it easier for 401(k) and other participant-directed retirement plans to include alternative assets—such as private equity, private credit, real estate and digital assets—by creating a process-based “safe harbor” for fiduciaries that follow specified diligence steps when selecting investment options.

WASHINGTON– The Defense Credit Union Council Monday submitted four comment letters to NCUA in response to the agency’s fourth round of proposals under its ongoing Deregulation Project.