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NEW YORK—Artificial intelligence is rapidly transforming consumer lending fraud from an operational headache into what one industry research firm is calling a potential existential threat for financial institutions, as increasingly sophisticated fraud schemes overwhelm traditional controls and force lenders—including credit unions—to rethink how they evaluate borrowers.

WASHINGTON—Artificial intelligence-powered bots and increasingly sophisticated hacktivist campaigns drove a record wave of denial-of-service attacks against financial institutions in 2025, with banks bearing the brunt of the activity, according to new research from BankInfoSecurity citing data from Akamai Technologies.

TORONTO—TD Bank Group said it has launched its first agentic artificial intelligence model for mortgage and home equity lending, a move the bank said is reducing parts of the mortgage review process from an average of 15 hours to less than three minutes.

NEW YORK--A new report from PYMNTS Intelligence and Velera suggests installment payments are rapidly becoming a core expectation among younger consumers, putting added pressure on credit unions to offer buy now, pay later options directly within their digital banking platforms.

PHILADELPHIA—The Philadelphia Court of Common Pleas is launching a Consumer Credit Card Collection Diversion Pilot Program to move rising credit card debt lawsuits through a faster, court-managed process within the city’s mandatory arbitration system. Law360 reported the plan is intended to fast-track credit card collection suits as consumer debt filings have increased.

DEPTFORD, N.J.—The $473-million First Harvest Federal CU here has disclosed a data breach involving unauthorized access to an employee email account that may have exposed names, Social Security numbers, financial account information and payment card information, according to state breach notices and data-breach tracking reports, Claim Depot reported.