NEW YORK—Fresh research on credit union innovation delivers a message many FinTechs may not want to hear: branches still matter—especially when it comes to retaining the most loyal members.
Fresh Today
TROY, Mich.—As inflation strains household budgets and more Americans slip into financial vulnerability, consumers are increasingly turning to artificial intelligence for financial guidance—a shift that signals both a warning and an opportunity for banks and credit unions, according to new data from J.D. Power.
BOSTON—DraftKings has eliminated the use of credit cards for sportsbook and online casino deposits across the U.S., SportsHandle reported.
WASHINGTON— Attorneys general from across the political spectrum are urging congressional leaders in the U.S. House and Senate to advance legislation that would create a safe harbor for financial institutions serving the cannabis industry.
BURBANK, Calif.— Rodney Hood, former NCUA chairman and acting Comptroller of the Currency, has rejoined the board of directors at Zest AI.
FORT WAYNE, Ind. The $358-million Fort Financial Credit Union here and $678-million INOVA FCU, based in Elkhart, Ind., intend to merge, The Journal Gazette reported.
WASHINGTON—The Federal Trade Commission announced new fees for telemarketers to access phone numbers on the National Do Not Call (DNC) Registry for Fiscal Year 2026, which begins on Oct. 1, 2025.
NEW YORK— A Manhattan federal judge has ordered Eddy Alexandre and his company, EminiFX, to pay more than $228 million after the Commodity Futures Trading Commission (CFTC) accused them of running a Ponzi scheme tied to foreign exchange and cryptocurrency trading, Bank Info Security reported.
WASHINGTON--The Defense Credit Union Council has retained Elizabeth Eurgubian of Atlas Advocacy, the trade group announced.
WASHINGTON--Mortgage applications decreased 1.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Aug. 29.