NEW YORK—Credit unions and other financial services providers, as well as their members and customers, are among the biggest of targets by scammers who are increasingly turning to deepfake photos, videos and audio recordings to fool victims. In response, many security experts say there must be wider adoption of multifactor authentication system using multimodal biometrics, according to a new report.
Fresh Today
SAN FRANCISCO–A partnership with a credit card start-up that offered renters away to earn rewards points for rent payments without landlords incurring fees has turned into a financial headache for Wells Fargo, according to a new report.
NEW YORK—The male consumer is the primary gift card buyer in the U.S. for the first time, a new study shows.
MIAMI–A new analysis ranks U.S. states according to levels of loan delinquencies.
NEW YORK—The increasing integration of blockchain and cryptocurrency projects by America’s top companies reflects a “significant shift in the financial sector,” according to a new report.
WASHINGTON–Nonprofit organizations could be a “surprising loser” should Republicans take power following November’s elections, according to a new report.
MADISON, Wis.--Credit union yield on asset ratios rose to 4.84% in the first quarter of 2024, the highest since 2009, according to new analysis released as part of TruStage’s June Trends Report, which is based on CU data through April.
WASHINGTON—Credit union loans outstanding increased 0.4% in May, compared to a 0.4% increase in April of 2024 and a 0.7% increase in May of 2023, according to America’s Credit Unions’ latest Monthly Credit Union Estimates (MCUEs).
CHICAGO–Buy now, pay later (BNPL) financing is getting strong reviews from the people who use it.
BOSTON–Innovation is most often spoken of in terms of product and service development, but it can also be effectively applied by credit unions to addressing income and wealth inequality, CU leaders here were told.