CLARKSBURG, W.V.–A judge has ruled against Pentagon Federal Credit Union (PenFed) in a case involving a $5 fee for any member who makes an auto loan payment over the phone, ruling the credit union—because it accepts payments on the auto loan—qualifies as a “debt collector” under state law.
Fresh Today
WASHINGTON—Federally insured credit unions could be required to submit cyber incident reports within 72 hours following a new proposal from the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA), America’s Credit Unions is suggesting.
WASHINGTON – Treasury has released a report on managing AI that cites opportunities and challenges the technology presents to the security and resiliency of the financial services sector.
WATERTOWN, N.Y.–Northern Credit Union here said it will close its offices on April 8 due to the solar eclipse.
WASHINGTON–Total assets declined at Federal Reserve Banks during 2023 by nearly 12%, according to newly released audited statements.
ATLANTA–Delta Community Credit Union is celebrating its 500,000th member.
GREENSBORO, N.C.–Vizo Financial Corporate Credit Union will host a webinar titled “Regulations for All Payments Systems” on May 21. The webinar will run from 2-3:30 p.m. ET.
AUSTIN, Texas — CU LIFT Fund, a “funding as a service” CUSO that is designed to help credit unions grow auto loan portfolios, said it has receive an investment from Reseda Group, a wholly-owned CUSO of Michigan State University Federal Credit Union.
MADISON, Wis.–The Filene Research Institute said it has selected Vertice AI as its partner on its next generation Member Voice solution.
NEW YORK—In a survey asking just over 2,500 Americans about digital payments, some 80% of Gen Z respondents said they were using mobile wallets, and among them, half were eager to use their phones in place of wallets, period.