CINCINNATI—A federal court has granted final approval to Cinfed Credit Union’s $700,000 data breach class action settlement—but reduced the attorneys’ fees from what class counsel had requested, Bloomberg Law reported.
Fresh Today
NEW YORK—The once uncomfortable—even adversarial—relationship between fintechs and credit unions is over, a new study confirms.
IRMO, S.C. — Police are investigating an incident at a local credit union after a woman allegedly threatened to have a gun during a disturbance on Thursday, News19 reported.
ALEXANDRIA, Va.--NCUA is reminding that comments on proposed Call Report Instruction changes for the September 2025 cycle are due by June 23.
NAPERVILLE, Ill.-- Alloya Corporate Federal Credit Union eleventh annual Credit Union Leadership Symposium will take place Sept. 3-5 at the Westin Copley Place in Boston, Massachusetts, a new destination for the corporate’s signature event.
MCLEAN, Va.-- The 30-year fixed-rate mortgage this past week averaged 6.84%, according to Freddie Mac's Primary Mortgage Market Survey.
WASHINGTON—The Consumer Price Index rose 0.1% in May on a seasonally adjusted basis, following a 0.2% increase in April, the U.S. Bureau of Labor Statistics reported.
WASHINGTON—On Wednesday, the Senate voted 68-30 to advance the GENIUS Act without two amendments that were strongly opposed by America’s Credit Unions and the Defense Credit Union Council.
DUBLIN, Calif.—Following a ransomware attack that crippled Patelco Credit Union last year, the $9.5-billion CU has agreed to a $7.25-million class action settlement, the San Francisco Public Press reported.
NEW YORK—The financial sector is expected to ramp up investments in artificial intelligence from $35 billion in 2023 to about $126 billion by 2028. One of the segments driving this growth is payments, with the AI payment market projected to expand at a 20%-plus CAGR between 2022 and 2027, GlobalData reported.