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Bessemer System FCU makes sweeping allegations, which the technology giant says have no merit.

The platform will let CUs and other entities send, clear and settle payments immediately, providing advanced messaging capabilities.

Credit unions receive free rent on military bases if they meet certain criteria.

One piece of the legislation would create an Office for Under-Banked, Un-Banked and Underserved Consumers in the CFPB.

It has a plan in place to add $20 million in assets and 1,000 new members later this year.

For the first time, the industry also gets a look at Venmo's impressive growth numbers.