NEW YORK— Half of U.S. credit card holders will open a new card or max out cards for holiday spending, a new study shows.
Fresh Today
WASHINGTON—Credit union loans outstanding declined 0.4% in September, equaling declines in August 2024 (-0.4%) and September 2023 (-0.4%), according to America’s Credit Unions’ latest Monthly Credit Union Estimates.
CHANDLER, Ariz.—The $750-million First Credit Union here has added buy now, pay later to its online banking products.
KYIV, Ukraine— President Volodymyr Zelenskyy has signed new amendments to Ukraine’s Law on Credit Unions that eliminate the need for CUs to obtain a separate license to provide payment services and allow united credit unions to raise funds in foreign currencies.
Financial Institutions Can Save Billions On Compliance Costs By Using AI To Prevent Money Laundering
NEW YORK—Global economies can save $3.13 trillion by using AI to detect and prevent money laundering and terrorist financing, which costs trillions of dollars annually, a new study shows.
MAHOPAC, N.Y.—A 20-year-old woman has been charged with two felonies after cashing a fraudulent check worth over $8,000 at a credit union in the region.
WASHINGTON—America’s Credit Unions has responded to comments made by Rep. Emanuel Cleaver (D-MO) during last week’s House Financial Services Committee hearing regarding credit unions and redlining, an issue that appears to be gaining interest among members of Congress, Washington insiders report.
WASHINGTON — More than half of U.S. consumers are conducting their banking via mobile apps more often than any other method, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association.
SOUTH BURLINGTON, Vt.—The $102-million Green Mountain Credit Union here and $64-million Opportunities Credit Union, headquartered in Winooski, Vt., have agreed to merge, the organizations announced in a joint release.
PLYMOUTH, Minn.— TruStone Financial Credit Union has significantly improved its member service capabilities through the implementation of an AI-powered chatbot, the credit union reported.