Trade group says proposal would improve payment recovery efforts, fraud prevention and communication between credit unions and federal agencies.

Report forecasts weaker economic expansion, elevated inflation and higher-for-longer interest rates.

America's Credit Unions welcomes committee action after urging lawmakers to preserve military branch access and reject interchange proposals.

Sworn testimony in the NCUA's lawsuit reveals CEO Leigh Bridges initially denied knowledge of a $95 million shortfall before admitting she transferred funds to support years of luxury spending.