Fraudster Hung Up: Video Check Halts $80K Wire 02/08/2026 08:05 am SANTA CLARA, Calif. —The $700-million APL Federal Credit Union said it prevented an $80,000 wire fraud attempt after using video verification to confirm a suspicious transaction, protecting a member who had already lost more than $1.2 million to fraud at another financial institution.
WalletHub: Credit Scores Hold Up Nationally, But State Gaps Signal Uneven Consumer Risk For Lenders 02/08/2026 08:04 am WASHINGTON — Despite rising household debt and elevated interest rates, the average U.S. credit score remains in the “good” range at 702, according to a new WalletHub analysis of TransUnion data, though wide state-level disparities point to uneven consumer credit risk heading into 2026.
CFPB Tightens Rules For Credit-Report Complaints 02/08/2026 11:58 am WASHINGTON — The Consumer Financial Protection Bureau has moved to tighten requirements around its consumer complaint portal for credit and consumer reporting disputes, reinforcing that consumers must first attempt to resolve inaccuracies directly with a credit reporting agency (CRA) before turning to the CFPB.
NCUA Board Extends Loan Interest Rate Ceiling 02/08/2026 08:12 am ALEXANDRIA, Va.―NCUA board approved the continuation of a temporary 18% interest rate ceiling for loans made by federal credit unions, the agency announced Friday.
California’s Credit Unions And Nevada’s Credit Unions Name Jeremy Empol President and CEO 02/08/2026 11:59 am ONTARIO, Calif./LAS VEGAS--Jeremy Empol has been appointed president and CEO of California’s Credit Unions and Nevada’s Credit Unions, effective March 9, 2026, the organizations announced.
Hauptman: Trump Accounts Could Become Key Youth Financial-Literacy Tool With Credit Union Role 02/08/2026 11:59 am WASHINGTON — NCUA Chairman Kyle Hauptman told a federal interagency panel Friday that the new “Trump Accounts” initiative could become a powerful financial-literacy tool for young people, especially if credit unions are allowed to play a meaningful role in implementation and outreach.
Defense CU Council Backs Housing For The 21st Century Act, Presses House To Move Quickly 02/09/2026 08:44 am WASHINGTON--The Defense Credit Union Council has sent a letter to House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters expressing strong support for H.R. 6644, the Housing for the 21st Century Act, and urging swift House passage ahead of an anticipated floor vote.
