DEPTFORD, N.J.—The $473-million First Harvest Federal CU here has disclosed a data breach involving unauthorized access to an employee email account that may have exposed names, Social Security numbers, financial account information and payment card information, according to state breach notices and data-breach tracking reports, Claim Depot reported.
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TORONTO—TD Bank Group said it has launched its first agentic artificial intelligence model for mortgage and home equity lending, a move the bank said is reducing parts of the mortgage review process from an average of 15 hours to less than three minutes.
NEW YORK--A new report from PYMNTS Intelligence and Velera suggests installment payments are rapidly becoming a core expectation among younger consumers, putting added pressure on credit unions to offer buy now, pay later options directly within their digital banking platforms.
WASHINGTON—Artificial intelligence-powered bots and increasingly sophisticated hacktivist campaigns drove a record wave of denial-of-service attacks against financial institutions in 2025, with banks bearing the brunt of the activity, according to new research from BankInfoSecurity citing data from Akamai Technologies.
WASHINGTON — In new comment letters filed Friday, the Illinois Bankers Association, Illinois Credit Union League, American Bankers Association and America’s Credit Unions expressed support for both the Office of the Comptroller of the Currency’s interim final rule on national bank non-interest charges and fees and the OCC’s interim final order preempting the Illinois Interchange Fee Prohibition Act, noting that the actions eliminate “any possible doubt that the [IFPA] is an unlawful encroachment on the uniform national banking and payments system.”
REYKJAVÍK, Iceland —Federal Reserve Vice Chair for Supervision Michelle Bowman said policymakers should be cautious about overreacting to inflation driven by rising energy prices tied to the conflict in the Middle East, arguing that temporary shocks should not automatically trigger a tighter monetary policy response, Reuters reported.
FALCON HEIGHTS, Minn.—The $4.8-billion Blaze Credit Union here has signed Minnesota Vikings Head Coach Kevin O’Connell as its newest brand ambassador, adding one of the state’s most recognizable sports figures to its roster of community-focused partners.
WASHINGTON--The Defense Credit Union Council has written to the Office of the Comptroller of the Currency regarding its interim final rule and interim final order concerning the Illinois Interchange Fee Prohibition Act (IFPA), expressing support for the OCC’s conclusion that federal law preempts the Illinois statute as applied to institutions supervised by the OCC.
ALEXANDRIA, Va.--NCUA issued one conviction-based prohibition and four consent-based prohibitions in May, the agency reported.
WASHINGTON--Part of ongoing advocacy on increasing access to mortgages, America’s Credit Unions’ advocacy team met with Federal Housing Finance Agency, Federal Housing Administration, and Department of Veterans Affairs staff Thursday.