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KNOXVILLE, Tenn.­–A letter from Matthew Yussman, the credit union CFO who was abducted in his home as part of a robbery attempt in 2015, was read before a court here during a sentencing hearing of one of the men convicted of the crimes.

BALTIMORE–MECU of Baltimore said it has returned $1 million to its members at mid-year.

WASHINGTON—Sen. Dean Heller (R-NV) reaffirmed the Republicans' plan to release tax-reform legislation around Sept. 1 during a hearing this week held by the Senate Finance Committee.

ALEXANDRIA, Va.–The NCUA board today will consider a proposal for public comment on closing the stabilization fund and setting the share insurance fund normal operating level, as well as address Share Insurance Fund equity distributions.

WASHINGTON—Republicans have taken the first step toward overturning the CFPB's arbitration rulemaking by introducing resolutions in both the House and Senate under the Congressional Review Act.

WASHINGTON—Preserving equitable pricing and retaining access to the secondary mortgage market for small lenders must be incorporated into any new housing finance system, Chuck Purvis, president and CEO of Coastal Federal Credit Union in Raleigh, N.C., told the Senate Banking Committee. Purvis was testifying on behalf of NAFCU.

BROOKFIELD, Wis.—Blockchain remains largely misunderstood among many in credit unions, but it has the potential to drive credit union growth by helping cooperatives meet consumers’ real-time speed expectations and better partner with fintechs, according to one analyst.

ROCHESTER, N.Y.–The FBI said it has been able to crack the iPhone of the suspect in a murder that took place in a credit union lobby a decade ago.

PURCHASE, N.Y./MEDFORD, Mass.—The “Digital Evolution Index” for 2017 has been released. The Index ranks countries according to where they stand in “digital development.”

ALEXANDRIA, Va. — Registration is now open for NCUA’s Aug. 9 webinar discussing the agency’s proposed plan to close the Temporary Corporate Credit Union Stabilization Fund.