DCUC Launches National Ad Campaign, Defends Military Financial Well-being Against Harmful CC Mandates 07/22/2025 02:36 pm WASHINGTON--The Defense Credit Union Council has launched a targeted ad campaign in Punchbowl News to defend military members against harmful credit card legislation—including the Durbin-Marshall Credit Card Competition Act and a proposed 10% interest rate cap—with attempts to attach the mandates to the Fiscal Year 2026 National Defense Authorization Act, the trade group announced.
Inquiries To NCUA Ombudsman Hit New High Amid Growing Cybersecurity Worries 07/22/2025 01:58 pm ALEXANDRIA, Va.--NCUA has released its Office of the Ombudsman 2024 Annual Report, which shows inquiries continue to increase each year and that many inquiries and complaints last year involved regulatory processes related to data breaches and cyber threats at credit unions.
Federal Judge Rules Trump Illegally Ousted NCUA Board Members Harper And Otsuka, Orders Reinstatement 07/22/2025 11:59 pm WASHINGTON—A federal judge has ruled that former NCUA board members Todd Harper and Tanya Otsuka were unlawfully removed by President Donald Trump, ordering their immediate reinstatement.
San Francisco FCU Agrees To Buy Summit Bank 07/22/2025 07:42 pm SAN FRANCISCO—The $1.3-billion San Francisco FCU here has agreed to buy $287-million Summit Bank, based in Oakland, the credit union announced.
Trump Administration Appeals NCUA Ruling; Reinstatement Of Ousted Board Members Likely Delayed 07/23/2025 10:11 am WASHINGTON—The Trump Administration has filed a motion to stay a federal judge’s ruling that former NCUA board members Todd Harper and Tanya Otsuka were unlawfully removed from their positions, and must be immediately reinstated.
Mortgage Applications Increase In Latest MBA Weekly Survey 07/23/2025 11:59 am WASHINGTON--Mortgage applications increased 0.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 18, 2025.
