WASHINGTON—CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the first quarter of 2019.
Fresh Today
LONDON—Machine learning (ML) tools are now in use at two-thirds of U.K. financial institutions, with the technology entering a new phase of maturity and more advanced stages of deployment, according to a survey conducted by the Bank of England.
CHARLOTTE, N.C.—Bank of America counts 38-million digital banking users as of Q3 2019, marking a 5% year-over-year increase.
ALEXANDRIA, Va.–The NCUA board was given a detailed overview on cybersecurity-related issues during its meeting, with all three board members using the update to again state their support for the agency being given third-party vendor oversight authority.
WASHINGTON—Adults aged 60 and older are less likely to report losing money to fraud than younger adults, but the amount of money they report losing is on the rise, according to a new report from the Federal Trade Commission.
MADISON, Wis.—The international credit union community added more than 14 million members during 2018 to reach a new high of more than 274 million in 118 countries, according to World Council of Credit Unions’ newly released 2018 Statistical Report.
WASHINGTON–Consumer groups are blasting the FDIC and the Office of the Comptroller of the Currency for a decision by both agencies to file an amicus brief supporting what they said is a predatory small business lender that used a bank to evade state interest rate laws so that it could make a 120% annual percentage rate (APR) $550,000 loan.
WASHINGTON—Ahead of the Senate Banking Committee hearing on data privacy rights and data valuation, NAFCU Vice President of Legislative Affairs Brad Thaler urged lawmakers to consider a national data security standard for institutions that collects and stores consumer information.
WASHINGTON—Minority depository institution (MDI) credit unions represent an important way in which credit unions are fulfilling their mission by advancing financial inclusion and well-being for minority and underserved communities, CUNA said in a letter to a House subcommittee before a hearing on MDIs.
MILWAUKEE, Wis.—Fiserv is reporting its point-of-sale platform, Clover, has been deployed throughout the home of the NBA’s Milwaukee Bucks, the Fiserv Forum. Clover will enhance fans’ payment experiences, the company said.