LAFAYETTE, La. –A contest that involved members uploading pictures of their ugly cars to a special website has resulted in a near doubling of auto loan volume for one credit union.
Fresh Today
NEW YORK—Two separate actions have been taken against proprietors of debt-collection firms, including a guilty plea from one former CEO.
WASHINGTON—While the use of artificial intelligence and machine learning technologies by the financial services sector can transform systems and processes, it also increases bias, inclusion and risk management concerns, according to witnesses appearing before a hearing by the House Committee on Financial Services’ Artificial Intelligence Task Force.
GERMANTOWN, Md.–SkyPoint FCU here has launched Flex Loan, a new small dollar loan product designed to help their members deal with unexpected cash needs with what it described as an easy-to-use application process.
PANAMA CITY, Fla. — Tyndall Federal Credit Union here is “planting it forward.”
NEW YORK—JPMorgan Chase is trying to require its credit card customers to go into private arbitration to settle disputes, even if they involve an older account, by reintroducing provisions it dropped a decade ago, a new report indicates.
BASEL, Switzerland—The Bank for International Settlements (BIS) has issued its annual report for 2019, expressing concerns over the expected disruption as big tech firms like Facebook enter the financial space.
MUMBAI, India—Razer has joined forces with Visa to enable its users to gain access to 54-million merchants on Visa’s network.
WASHINGTON—Outstanding consumer credit at credit unions fell for the month of May, according to the Federal Reserve's G. 19 report. This was the second monthly decline in 2019.
RIDGECREST, Calif.–Credit unions in this high desert region northeast of Los Angeles continue to assess damage, especially to members, in the wake of two strong earthquakes here.