WASHINGTON—NCUA would be swept into a major overhaul of federal grantmaking rules under a new Office of Management and Budget proposal that seeks to tighten oversight of federal financial assistance programs, expand reporting requirements and give OMB greater authority over government-wide grant standards.
Fresh Today
TROY, Mich.— The nation’s banks and credit card providers are rapidly expanding the use of artificial intelligence (AI)-powered virtual assistants across their mobile apps and websites, but the technology can sometimes introduce more headaches than solutions. While virtual assistants handle simple, transactional tasks effectively, they struggle to support customers through more complex scenarios, according to a series of recent studies of bank and credit card mobile app and online users, released by JD Power.
SAN FRANCISCO—SoFi Technologies said it has expanded access to its dollar-backed stablecoin, SoFiUSD, allowing its nearly 15 million banking customers to buy, sell and hold the digital asset directly through the SoFi app as the company deepens its push into blockchain-based financial services.
MCLEAN, Va.-- The 30-year fixed-rate mortgage averaged 6.53% this past week, Freddie Mac reported.
STAMFORD, Conn.—Members Credit Union said it is coordinating continuity efforts following the death of its President and CEO, Kathy L. Chartier.
WASHINGTON—The Treasury Department on Thursday announced the launch of the new Trump Accounts mobile app, marking the next phase of the Administration’s rollout of its new federally backed investment savings program for children ahead of the program’s official July 4 launch date.
WASHINGTON—The National Fair Housing Alliance and several allied groups have filed suit against the CFPB, seeking to overturn the agency’s recent rollback of fair lending protections under the Equal Credit Opportunity Act, arguing the changes unlawfully weaken longstanding safeguards against credit discrimination, Reuters reported.
WASHINGTON--At a joint meeting with the U.S. Department of Housing and Urban Development (HUD) about housing appraisals Wednesday, America’s Credit Unions provided credit union input, ACU said, noting it was the only industry representative at the meeting.
WASHINGTON--Credit union loans outstanding decreased by 0.12% in March, compared to a 0.21% decrease in February and a 0.4% decrease in March 2025, according to America’s Credit Unions’ latest Monthly Credit Union Estimates.
NEW YORK—Mobile phones have effectively become the world’s new “anywhere storefront,” with nearly half of all global shoppers now using a smartphone during their most recent retail purchase, according to a new report from PYMNTS Intelligence and Visa Acceptance Solutions.