bank unions

A bank strike is expected in India in 2026, and banking unions are preparing so that customers receive their salaries and pensions before the strike begins rather than during the shutdown. Reports advise account holders to note the adjusted payment date and plan withdrawals, bill payments and other transactions around the days when branches and services may be closed.

An Illinois court has ruled that the Illinois Interest Act's preemption extends to federal credit unions, following earlier decisions covering national banks. The ruling means federal credit unions operating in Illinois can rely on federal law to shield certain fee and interest practices from state penalty claims. Consumer finance lawyers are flagging the decision as a significant win for credit unions facing class actions under the Illinois Finance Penalty Act framework.