WASHINGTON--Two bills introduced Tuesday would help credit unions protect senior members and provide oversight over a key Small Business Administration (SBA) lending program, America's Credit Unions reported.
Fresh Today
WASHINGTON--Ahead of acting CFPB Director Russell Vought's testimony before the House Financial Services Committee on Wednesday, America’s Credit Unions sent a letter to the panel urging regulatory relief for credit unions while outlining broader recommendations for reforming the CFPB.
WASHINGTON--The House passed bipartisan legislation addressing the end of penny production with a unanimous voice vote Tuesday, reported America’s Credit Unions, which noted it encouraged the chamber to pass the bill prior to the vote.
WASHINGTON—Major banks are rapidly expanding the use of agentic artificial intelligence, deploying digital assistants that can work alongside employees and perform tasks with minimal human supervision as the race to adopt AI intensifies, according to Reuters.
MADISON, Wis.—TruStage said it has shut down its network after detecting a cybersecurity incident, with the insurer telling business partners it took the systems offline as a precaution while it works with outside cybersecurity experts to investigate, contain and remediate the attack.
WASHINGTON—Senate Democrats on Tuesday blocked debate on a $1.15 trillion National Defense Authorization Act, dealing a setback to Republicans' effort to advance President Donald Trump's defense agenda as disputes over the Iran conflict and federal spending derailed one of Congress' traditionally bipartisan bills, according to POLITICO.
BURLINGTON, Mass.--Progress Software is urging organizations using self-managed ShareFile Storage Zone Controllers to immediately shut down their on-premises servers after identifying what it called a "credible external security threat" targeting the file-transfer platform, according to Data Breach Today.
SAN ANTONIO--SWBC Tuesday announced a new partnership with Covered Insurance Solutions, a leading digital insurance platform purpose-built for the mortgage industry.
WASHINGTON—Federal Reserve Chairman Kevin Warsh used his first appearance before Congress to reaffirm the central bank's commitment to defeating inflation, declaring the Fed has "no tolerance" for persistently high price pressures despite a fresh report showing inflation cooled sharply in June, the New York Post reported.
WASHINGTON—U.S. consumer inflation cooled more than expected in June, giving the Federal Reserve fresh evidence that price pressures are easing while reducing expectations of a near-term interest rate increase.