WASHINGTON—A financial marketplace that allows credit unions to grow and innovate through the responsible use of artificial intelligence (AI) is vital, America’s Credit Unions told the Treasury Department in a letter.
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WASHINGTON–People in romantic partnerships and relationships are keeping financial secrets from each other, according to a new survey.
ELGIN, Ill. — Corporate America Family Credit Union (CAFCU) has named a new president and CEO. The $830-million CAFCU has tapped Stefanie Rupert to lead the organization, which has 20 branches, employs more 220 individuals, and serves more than 67,000 members nationwide.
COCHITI LAKE, N.M.–The Credit Union De Novo Collective Foundation has announced the establishment of the Louise Herring Fund. Named for the pioneering advocate for the credit union movement, the fund aims to support the creation and growth of new credit union charters across the United States, the organization said.
CFPB Issues Advisory Opinion on Contracts for Deed; Says Consumers Often Caught in ‘Series of Traps’
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has released an advisory opinion and research report on a form of home seller financing that is often referred to as contract for deed.
TAMPA, Fla.– Trellance, a provider of analytics, cloud and talent solutions, has announced a new Fair Lending Solution it said is designed to help credit unions identify potential issues prior to audits and “prepare to answer auditors’ questions accordingly.”
ST. PETERSBURG, Fla.–One veteran credit union advocate in Washington is cautioning that for the first time in a long time he is starting to hear more willingness to put the credit union tax exemption on the table for discussion.
NEW YORK–Inclusiv is reporting the Adrian Dominican Sisters have become investors in Cooperativa de Ahorro y Crédito Jesús Obrero (“Jesús Obrero”) a community development financial institution (CDFI) cooperativa advancing the economic well-being of communities in Guaynabo, Puerto Rico.
DUBUQUE, Iowa–Dupaco Credit Union said it has partnered with Fannie Mae on a new program called HomeReady Loan Down Payment Assistance.
PURCHASE, N.Y.—Mastercard has unveiled what is being described as a new approach to identify compromised payment cards, leveraging a combination of generative artificial intelligence and graph technology.