WASHINGTON—A virtual roundtable hosted by the Federal Trade Commission has flagged a number of issues around artificial intelligence, including its effects on “creative professionals,” which in credit unions would include marketing, content creation and more.
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PURCHASE, N.Y.—Mastercard said it is increasing its efforts to detect and prevent fraud that’s routed through cryptocurrency exchanges.
WASHINGTON—With facial recognition now being used for payments by some retailers, and with credit unions and their vendors also testing the technology as a means for member identification, a case involving Rite Aid and the FTC deserves credit unions’ attention.
WASHINGTON—Remittance flows to Latin America and the Caribbean were expected to experience 8% growth in 2023, reaching a “staggering” $156 billion, according to new research from the World Bank.
SAN FRANCISCO—Visa and TECH5, a biometrics and digital identity management company, said they are partnering to develop and enhance digital government ecosystems globally.
HOUSTON–More credit unions are announcing bonus dividends and other year-end payouts.
WASHINGTON—As 2023 comes to a close, the Federal Reserve is reporting its new FedNow Service has 331 institutions participating as senders or receivers on the network.
PHOENIX–Plaintiffs are being sought for a class action lawsuit against credit unions and banks over alleged lending discrimination against people who are U.S. citizens but who have foreign ancestry.
NEW YORK—The biggest companies in the country have avoided the damage of higher interest rates, a new report suggests.
SYRACUSE, N.Y.–SECNY FCU has named a new president and CEO to succeed the retiring Walter M. Bobesky.