NEW YORK—Fraud is becoming both more sophisticated and more visible to consumers, creating a growing challenge for credit unions that must protect members while preserving trust in digital channels, according to a new PYMNTS Intelligence Credit Union Tracker produced in collaboration with Velera.
WASHINGTON — While credit conditions are expected to continue softening slightly over the next six months as the labor market encounters headwinds and the economy handles external shocks, they are expected to remain stable according to the American Bankers Association’s latest Credit Conditions Index.
NEW YORK— Bank of America said it plans to launch a new cross-border real-time payments service next quarter that will allow corporate, commercial and financial institution clients to send and receive international payments instantly through Swift or the bank’s CashPro platform.
NEW YORK—Subprime consumers are no longer a niche corner of the lending market but a persistent and increasingly important borrower segment that traditional credit scoring models may be failing to fully understand, according to new research from PYMNTS Intelligence.
LEWISTON, Idaho— A former Idaho Central Credit Union employee who admitted stealing more than $63,000 from the credit union has been barred from working for any Idaho-chartered or state-licensed financial institution without prior regulatory approval, according to an order issued by the Idaho Department of Finance.
WASHINGTON—Credit union trade groups said they are seeing momentum on several key advocacy priorities, pointing to a new NCUA preemption rule, favorable movement on the National Defense Authorization Act (NDAA) and continued engagement with lawmakers and regulators as Congress enters a busy summer legislative season.
MADISON, Wis.– The National Credit Union Foundation has named 52 leaders from across the United States as the next Credit Union Development Educators of 2026.
ALEXANDRIA, Va.— NCUA has finalized an interim rule clarifying that federal credit unions have the authority under the Federal Credit Union Act to impose non-interest charges and fees—including interchange fees—and that those activities are not subject to conflicting state laws.
ALEXANDRIA, Va.--NCUA Monday issued a final rule for Dependent Care and Board Member Reimbursement, the agency announced.
WASHINGTON—The House Armed Services Committee advanced its FY27 National Defense Authorization Act late last week without any financial services-related amendments, America’s Credit Unions reported.
