ROCHESTER, N.Y.–The Summit FCU has selected Credit Union Student Choice to help it provide its members education lending solutions for both private student loans and student loan refinance.
Fresh Today
WASHINGTON—Cryptocurrencies are now playing a significant role in America’s financial decision making, according to Treasury Secretary Janet Yellen, but it still doesn’t have much to do with payments.
LONDON—Credit Kudos, a U.K. open banking startup that seeks to help lenders make better decisions, has been acquired by Apple.
BASEL, Switzerland—The Bank for International Settlements (BIS) and four central banks have completed trials of two blockchain-based platforms on which a multinational central bank digital currency (CBDC) technical standard could be based.
AUSTIN, Texas–New research has revealed that older generations continue to see the highest average loss to online fraud, but every generation continues to be victimized.
WASHINGTON—President Biden hasreleased his fiscal year 2023 budget proposal, and of particular interest to credit unions it includes more than $330 million for $330 million for the community development financial institutions fund.
WASHINGTON—NAFCU sent a letter to the House Financial Services Committee ahead of its hearing examining bias and discrimination in the home appraisal process, sharing support for alternative appraisal processes such as appraisal bifurcation, desktop appraisals, and exterior only appraisals.
WASHINGTON—Rep. Stephen Lynch (D-MA) has introduced legislation that would require the U.S. Treasury Department to issue a digital version of the U.S. dollar.
MECHANICSBURG, Penn.–Jim McCormack, the long-time leader of the Pennsylvania Credit Union Association before retiring, has died. Mr. McCormack was 69.
NEW YORK–The underwriting platform from Scienaptic, an AI-powered credit decision provider, has been named a winner in the 2022 Artificial Intelligence Excellence Awards, presented by the Business Intelligence Group.