WASHINGTON—Several potential fair lending risks associated with the use of artificial intelligence have been flagged by Federal Reserve Vice Chair for Supervision Michael Barr.
Fresh Today
WASHINGTON—Credit unions are being urged by NAFCU to keep up their fight against having provisions from the Credit Card Competition Act inserted into the fiscal year 2024 National Defense Authorization Act (NDAA).
ATLANTA–Maurice Smith has a favor to ask: Find a 12-year-old and ask them what they plan to do with the rest of their life. They will (eventually) thank you for it, he said.
STONE MOUNTAIN, Ga.–It’s all Greek to John Bratsakis. And that’s just the way it should be, he said.
STONE MOUNTAIN, Ga.–The president of the Federal Home Loan Bank of San Francisco offered an update on the activities of the FHLBs, especially to boost home ownership, to attendees at the African American Credit Union Coalition’s annual meeting here.
STONE MOUNTAIN, Ga.–What makes for leadership: nature or nurture? It’s both, according to Ronaldo Hardy.
STONE MOUNTAIN, Ga.–The CEO of the fourth-largest credit union in the country shared her backstory and how it helped her to get where she is today, while calling on credit unions to come together to scale up their service to underserved markets.
ST. PETERSBURG, Fla.—Improvement can be seen in both credit and debit performance by cardholding CU members during June, according to the July report of PSCU’s Payments Index.
WASHINGTON—NAFCU, CUNA and several other financial trade associations sent a letter ahead of the Senate Small Business Committee’s markup this week regarding SBA’s rulemakings for its 7(a) loan program, sharing concerns over how loosening underwriting standards could hurt loan performance.
KISSIMMEE, Fla.–Suncoast Credit Union, the largest CU in Florida, has expanded east into Central Florida for the first time with the opening of a branch here.