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MILWAUKIE, Ore. — The $600-million Embold Credit Union has appointed Rani Khouri as chief executive officer following his tenure as interim CEO, the credit union announced.

WASHINGTON—As Winter Storm Fern disrupts travel in the nation’s capital, credit union leaders are ramping up advocacy efforts amid rising risks tied to both a revived Credit Card Competition Act amendment and a looming federal government shutdown ahead of the Jan. 30 funding deadline.

WASHINGTON—As Congress debates renewed proposals to cap credit card interest rates, Defense Credit Union Council President and CEO Anthony Hernandez is urging lawmakers to reject not only a potential 10% rate cap, but also a growing push to apply an “all-in” APR methodology that he argues could unintentionally restrict access to responsible credit.

WASHINGTON--Urging the IRS to clarify instructions, prioritize standardized electronic reporting, and ease compliance requirements, America’s Credit Unions sent a comment letter about the proposed Form 1098-VLI, which is related to the temporary deduction for vehicle loan interest.

NEW YORK — Citigroup has been sued by a former managing director who alleges she was pushed out of the bank after experiencing sexual harassment from a senior executive, Reuters reported.

EUGENE, Ore. — A former employee of Peak Credit Union — previously known as Northwest Community Credit Union — has been arrested in connection with an alleged scheme involving fraudulent activity tied to deceased credit union members accounts, according to Lookout Eugene-Springfield.

SACRAMENTO, Calif.—The California Department of Financial Protection and Innovation has ordered Nexo Capital Inc. to pay $500,000 in penalties after determining the company violated state financial laws by making crypto-backed loans to California residents without a valid license.