WASHINGTON--Wednesday, the Senate rejected a series of Congressional Review Act resolutions that would have restored CFPB final rules issued under the previous administration dealing with overdraft programs, medical debt and the Military Lending Act.
WASHINGTON--The House Financial Services Committee advanced four credit union-supported bills related to fighting fraud and AI innovation Wednesday, reported America’s Credit Unions, which noted it wrote in support of the bills prior to the markup.
DALLAS—Artificial intelligence is rapidly making cybercrime more convincing, more scalable and far more personal, according to cybersecurity experts speaking at the EDGE 26 Technology Conference here, where attendees were warned the greatest cyber risk facing organizations today is no longer technology itself, but increasingly sophisticated AI-powered social engineering attacks designed to manipulate human behavior.
NEW YORK--Newly defaulted federal student loan borrowers are older, more geographically concentrated in the South and increasingly behind on other debts, according to a New York Fed analysis that warns the restart of student loan repayment is again showing up in household credit data.
WASHINGTON--This week NCUA Chairman Kyle Hauptman participated in a financial literacy roundtable hosted by the U.S. Department of the Treasury and Office of the Comptroller of the Currency.
WASHINGTON—The Defense Credit Union Council is pressing Congress to ensure credit unions are not left behind as lawmakers advance legislation tied to artificial intelligence, fraud prevention and digital assets, warning that banks should not receive clearer authority to innovate than federally insured credit unions.
WASHINGTON—The Senate on Wednesday confirmed Kevin Warsh as the next chair of the Federal Reserve, handing President Donald Trump a major economic policy victory as inflation concerns and pressure over interest rates intensify.
NAPERVILLE, Ill.—Alloya Corporate Federal Credit Union said it will return to Nashville, Tenn., for its 12th annual Credit Union Leadership Symposium, scheduled for Sept. 9-11 at the Omni Nashville Hotel, where the organization will also celebrate its 15th anniversary with member credit unions.
WASHINGTON—The Trump Administration is appealing a California federal court order that required the CFPB to continue drawing operating funds from the Federal Reserve, escalating a legal battle over whether the agency can effectively be defunded without action from Congress.
WASHINGTON— Mortgage applications increased 1.7% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 8.
