BALTIMORE—A new cybersecurity monitoring solution has been deployed by the Maryland Department of Labor’s Office of Financial Regulation that conducts continuous, real-time monitoring of cybersecurity threats to state-regulated banks, credit unions and other financial service companies in Maryland, the regulator reported.
Fresh Today
WASHINGTON—As election day in the U.S. arrives, a new study reveals the results could impact the number of checking accounts a credit union has, as well as present new mortgage lending opportunities.
NEW YORK—A new study shows an increasing number of Americans are relying on credit for daily expenses.
AUSTIN, Texas–In just two months, implementing an AI-based system into its contact center has yielded efficiency gains--including average call wait times dropping by 40%--for Greater Texas|Aggieland Credit Union.
WASHINGTON--Representatives from the Defense Credit Union Council (DCUC) and AmeriCU, based in New York, spoke with staff from Rep. Claudia Tenney’s (R-NY) office to address the statement Tenney made during the recent American Bankers Association’s Annual Convention about “inequities” between credit unions and banks.
WASHINGTON—The Federal Trade Commission is taking action against a Georgia-based debt collector that tricked consumers into paying more than $7.6 million in bogus debt by threatening them with jail time, harassing their family members, and other unlawful actions, the FTC said.
GREENSBORO, N.C.– Vizo Financial is partnering with Vertice AI, an industry leader in AI-powered member growth and marketing effectiveness solutions for credit unions, Vizo announced.
EVANSVILLE, Ind.—The $4.1-billion Liberty Federal Credit Union here has made a $10-million gift to the University of Southern Indiana (USI), the college announced.
WASHINGTON—The Independent Community Bankers of America supports NCUA obtaining third-party vendor oversight authority, noting that VyStar Credit Union’s problems with the rollout of its online and mobile banking platforms exemplify the risks posed by the agency lacking this power.
MIAMI—Consumers’ credit limits decreased in 42 of the 50 states year-over-year as of Q2 2024, with the decrease ranging anywhere from around 0.3% to over 15%, a new study shows.