Former @TheNCUA Chairman Rodney Hood told us last week that credit unions have an important role to play in the modernization of the financial system. Days later, @AmericasCUs, joined by all 50 state credit union leagues, threw their support behind the vast majority of the Clarity Act but echoed banks' concerns about the bill's stablecoin yield provisions, urging senators to strengthen the language. The groups argue the current Tillis-Alsobrooks compromise could still allow "functionally passive" reward structures that pull deposits away from local credit unions.(Eleanor Terrett)