DUBLIN, Calif.— The $9.5-billion Patelco CU said it prevented nearly $9.6 million in potential fraud losses during the first year of its Senior Advocate Program, highlighting both the growing sophistication of scams targeting older adults and the role frontline employees play in stopping them.
NEW YORK--Credit decisions are increasingly being driven by consumers' real-time financial behavior rather than traditional static credit scores, a shift that promises more accurate underwriting while reducing fraud and false declines, according to PYMNTS.
WASHINGTON— The Defense Credit Union Council said two of its member institutions—Travis Credit Union and Otero Federal Credit Union—have been named the Department of the Air Force's 2025 Distinguished Credit Unions of the Year, the military's highest annual recognition for on-base credit unions based on nominations submitted by installation commanders.
NAPERVILLE, Ill.--Alloya's industry-leading Loan Participation Platform recently exceeded $4 billion in loan participation transactions, the corporate announced.
MCLEAN, Va.— Mortgage rates edged higher this week but remained in the mid-6% range, with the average rate on a 30-year fixed-rate mortgage climbing to 6.49%, according to the latest weekly survey from Freddie Mac.
WASHINGTON— Sen. Elizabeth Warren, the top Democrat on the Senate Banking Committee, is urging Citigroup to abandon any plans for a major acquisition, arguing the bank's size, compliance record and history of taxpayer support make it unfit to further expand through mergers.
WASHINGTON--A CFPB request for information published Thursday tackles regulatory changes to reduce burdens and promote access to mortgage credit, America's Credit Unions reported.
WASHINGTON--America’s Credit Unions said it is freezing its dues next year, keeping members’ invoiced amount in 2026 at the same level for 2027.
JACKSON, Miss.— A federal judge has ordered a sweeping asset freeze against former Jackson Area Federal Credit Union CEO Leigh Bridges, her husband Chad Bridges and former branch manager Tina Funez, barring them from moving or disposing of assets as the NCUA pursues its civil lawsuit seeking to recover approximately $95 million allegedly misused from the credit union, according to WLBT.
SACRAMENTO, Calif.--Lender CashCall Inc. is asking a California federal judge to vacate a $134 million restitution order after accusing the CFPB of walking away from talks to reduce a total $157 million enforcement judgment, Law360 reported.
