Public regulatory intelligence

What changed and why it matters

A source-linked regulatory intelligence feed for Texas credit union compliance and executive leadership. Use it to catch up quickly before diving into the underlying material.

Start with the clearest developments below, then open the original source material when you need the governing detail. The source remains the authority.

Recent developments

ABA urges Congress to reject CCCA

The ABA opposes the Credit Card Competition Act, arguing it will reduce card choice, increase fraud risks, and benefit large retailers at the expense of consumers, community financial institutions, and smaller merchants. The ABA...
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Who Operates the Badbox 2.0 Botnet?

- Kimwolf botmasters compromised the control panel for Badbox 2.0. - The screenshot shows seven authorized users, including one named 'ABCD' who may be Dort. - Badbox 2.0 has a history of infecting Android...
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SEC agrees to dismiss Gemini lawsuit

The SEC has agreed to dismiss the lawsuit regarding Gemini Earn because investors have received 100% of their money back. This decision pertains to a specific case and does not impact broader compliance requirements.
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Goldman to pay CEO Solomon $47M for 2025

• David Solomon will receive a $47M payout, marking his third consecutive annual raise of 20% or more. • This likely makes him the best-compensated CEO among the six biggest U.S. banks.
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Banking on AI

The article discusses the potential benefits and risks of using artificial intelligence in banking operations. It highlights the need for credit unions to be prepared with robust risk management strategies when integrating AI technologies.
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How payment processing works

• Payment processing involves multiple steps from checkout to bank account. • The article provides an overview of the process without specific regulatory details.
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Sunshine Act Meetings

- Sunshine Act meetings require public disclosure of certain information about credit union board and committee meetings. - Credit unions must comply with the Sunshine Act to ensure transparency and accountability.
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Dependent Care and Board Member Expense Reimbursement

The NCUA proposes to amend its regulations to allow for the reimbursement of reasonable dependent care costs incurred by volunteer officials during board meetings; this change aims to provide greater flexibility and family-friendly policies...
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House committee advances three ABA-backed bills

The House Financial Services Committee advanced three bills supported by ABA: regulatory tailoring for community banks, reauthorization of the Terrorism Risk Insurance Program, and raising Bank Secrecy Act reporting thresholds.
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