WASHINGTON--The Defense Credit Union Council has submitted formal comments to the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the NCUA in response to a proposed rule implementing provisions of the Anti-Money Laundering Act of 2020 (AML Act) and modernizing AML/CFT program requirements.
SAN FRANCISCO—Anthropic has launched Claude Fable 5, a new frontier artificial intelligence model the company says delivers Mythos-class performance in software engineering, advanced reasoning and scientific research, while keeping its most powerful cyber and biomedical capabilities restricted to a limited group of vetted organizations, according to BankInfoSecurity.
WASHINGTON--The Federal Communications Commission’s (FCC) proposal to restrict the resale of phone numbers is a positive development, as resale of can undermine transparency, accountability, and effective enforcement in the numbering ecosystem, assert America’s Credit Unions, the Defense Credit Union Council and other financial services organizations that submitted a letter to the FCC in support of the proposal.
WASHINGTON— Mortgage applications increased 10.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 5.
NEW YORK—New York regulators on Tuesday unveiled proposed changes to the state's stablecoin rules to align them with upcoming federal requirements governing state-supervised stablecoin issuers, Law360 reported.
NEW YORK—A federal judge has granted preliminary approval to a revised settlement between Visa and Mastercard and more than 12 million U.S. merchants in a long-running antitrust battle over credit-card swipe fees, rejecting arguments that widespread opposition should derail the deal before it moves to the next stage, Reuters reported.
OAK CREEK, Wis.—A federal judge has allowed much of a proposed class-action privacy lawsuit against Guardian Credit Union to move forward, ruling that member David Gassman plausibly alleged the credit union tracked visitors to its website and shared personal financial information with third parties.
PURCHASE, N.Y.—Mastercard has launched a new payment platform designed for the emerging world of autonomous AI agents, saying the technology will enable machines to buy and sell services, exchange data and complete transactions without human intervention.
WASHINGTON--As the FY27 National Defense Authorization Act (NDAA) markup gets underway Wednesday in the Senate Armed Services Committee, America’s Credit Unions is urging lawmakers to reject any amendments that would undermine services for millions of military members and veterans.
WASHINGTON--The House passed the latest version of "reconciliation 2.0" by a 214-212 vote Tuesday, without any financial services-related provisions. As it already passed the Senate, the budget bill now goes to the president to sign, America's Credit Unions reported.
