INDIANAPOLIS–A credit union’s “persistent disavowal” of rehearing arguments has led this state’s Supreme Court to uphold an original decision in a case involving Indiana University Credit Union and overdraft fees, according to a new report.
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ARVADA, Colo.–The $633.7-million Partner Colorado Credit Union reported a $63.7-million year-end loss as it continues to deal with the ramifications of the sale of a CUSO.
HONG KONG–In a scam that is also a growing threat to credit unions, an unidentified employee who works in finance at a multinational firm here was reportedly tricked into paying $25 million to fraudsters who used deepfake technology to pose as the company’s CFO in a video conference call, according to Hong Kong police.
WASHINGTON–While the House and the Senate are both in session this week, there is little on the agenda that is likely to affect credit unions.
ALEXANDRIA, Va.—NCUA was encouraged to promote “responsible innovation” during a recent meeting with America’s Credit Unions.
WASHINGTON–Seven Democratic members of the House Committee on Financial Services have sent a letter to the committee’s chairman asking that he “immediately schedule” a hearing on the alleged mortgage lending bias at Navy Federal Credit Union.
BOWIE, Md.–Two Maryland credit unions said they have completed their merger.
MADISON, Wis.–The “Evolution and Impact of AI in Credit Unions” will be the subject of a webinar to be hosted by Filene on Feb. 15.
GLENDALE, Calif.--Los Angeles Federal Credit Union has introduced “Angie,” a 24/7 virtual assistant the credit union said has been programmed to answer many frequently asked questions and conduct transactions.
NEW YORK–Former president and Republican presidential candidate Donald Trump said if he is elected he will "never allow" the United States to create a central bank digital currency (CBDC).