EDITOR'S NOTE: The Senate voted Thursday to proceed with consideration of executive branch nominees. A separate vote by the full Senate on the confirmation of John Crews and the other nominees is expected in the near future. CUToday.info incorrectly reported that Crews was confirmed earlier Thursday.
Fresh Today
BURLINGAME, Calif.— Online lending platform Upstart Holdings has received conditional approval from the Office of the Comptroller of the Currency to establish Upstart Bank, N.A., clearing the first major regulatory hurdle in its effort to launch what it says would be the first nationally chartered bank built around artificial intelligence-powered underwriting, BankingDive reported.
America's Credit Unions Members Asked To Approve Final Steps In Merger With Name, D.C. Domicile Vote
WASHINGTON--America’s Credit Unions is conducting a membership vote requesting approval to formally update its name and change its domicile location from Wisconsin to the District of Columbia, ACU said, adding member CEOs are encouraged to cast their vote by 5 p.m. ET on Friday, Aug. 14.
WASHINGTON-- America’s Credit Unions Friday submitted a letter to the Federal Housing Finance Agency (FHFA) commenting on its proposal to rescind and replace the framework of its Enterprise Duty to Serve Underserved Markets regulation.
VANCOUVER, Wash.— iQ Credit Union has agreed to provide more than $1 million in cash, debt forgiveness and fee-practice changes to settle a class-action lawsuit alleging it improperly charged certain overdraft and non-sufficient funds (NSF) fees, according to settlement documents and Claim Depot.
ROCHESTER, N.H.— The $500-million Holy Rosary Credit Union has named Kayla Selhorst its next president and CEO following a national search, with the current senior vice president and COO of CME Federal Credit Union set to succeed longtime CEO Brian Hughes, Business NH Magazine reported.
MIAMI--Americans are projected to add another $100 billion in credit card debt during 2026, pushing total outstanding balances to nearly $1.4 trillion, according to a new analysis from WalletHub that examined how long it would take borrowers in each state to repay median credit card balances.
ARLINGTON, Va.—Members of $17-million Healthcare Employees Mid-Atlantic (HEMA) FCU have approved a merger into PAHO/WHO Federal Credit Union, paving the way for the combined institution to begin operating Sept. 1 under the new name Bienestar Federal Credit Union.
NEW YORK--Banks and other financial institutions are increasingly being judged not just on how quickly they process payments, but on how effectively they use data to make real-time decisions that reduce fraud, improve approvals and enhance the customer experience, according to a new PYMNTS Intelligence report produced in collaboration with FIS.
SAN FRANCISCO— AI startup Skyfall AI plans to test one of the industry's boldest ideas by purchasing a small software-as-a-service or e-commerce company for up to $1 million and attempting to run it with artificial intelligence serving as the chief executive officer, according to Forbes.