PITTSBURGH–Clearview FCU here has introduced its membership to “Pepper,” which it said is the world’s first social humanoid robot able to recognize faces and basic human emotions.
Fresh Today
WASHINGTON—Government-sponsored enterprises Fannie Mae and Freddie Mac reported net incomes of $4 billion and $2.6 billion, respectively, in the third quarter of 2018. Although Fannie Mae's income was down from the second quarter, it was $1 billion higher than a year ago; Freddie Mac brought in roughly half of what it did a year ago.
BURLINGTON, Vt. – Vermont Federal Credit Union has completed its first-ever Innovation Challenge, a new program designed to promote creativity and collaboration throughout the credit union.
WASHINGTON–The Federal Financial Institutions Examination Council (FFIEC), of which NCUA is a member, has issued a joint statement alerting financial institutions to recent actions taken by the Department of Treasury’s Office of Foreign Asset Control (OFAC) under their Cyber-Related Sanctions Program and to the potential impact it may have on financial institutions’ risk-management programs.
CHARLESTON, S.C.—A new survey reveals 29% of parents have had their own children under age 18 use their credit or debit cards without their permission.
WASHINGTON—With election day this week it appears the financial services industries are betting on Democrats to win control of the House. Banks, as well as companies in the securities and investment industries, have been giving more money to Democratic candidates, especially those considered moderates.
NEW YORK–How soon will truly autonomous vehicles be on the road?
OCEANSIDE, Calif.–Pacific Marine Credit Union is changing its name and brand identity. The credit union has changed its name to Frontwave Credit Union, which it said is part of a “strategic initiative to differentiate and disrupt the Southern California financial services competitive landscape.”
NEW YORK–The overall delinquency rate on U.S. commercial real estate loans ticked up ever so slightly in October, bringing to an end six straight months of declines, according to the Trepp CMBS Delinquency Rate. The overall rate, however, had fallen in 14 of the last 15 months prior to October.
NEW YORK–Municipal Credit Union has named a new CEO. The $2.9-billion MCU said it has selected Mark A. Ricca to lead the organization.