WASHINGTON—In a move that signals all organizations, including credit unions, should pay close attention to how they work with AI, the Federal Trade Commission has issued orders to five companies requiring them to provide information regarding recent investments and partnerships involving generative AI companies and major cloud service providers.
WASHINGTON—Countless credit unions and their employees across the country provide assistance to members when it comes to filing taxes, and many of those members count on tax refunds to pay outstanding bills. One issue CUs may want to alert members of is a move by the Federal Trade Commission to that found Intuit Inc., the maker of TurboTax tax filing software, engaged in deceptive advertising in violation of the FTC Act.
WASHINGTON —The FDIC has issued letters demanding five entities and certain associated parties cease and desist from making false and misleading statements about FDIC deposit insurance.
PURCHASE, N.Y.—Mastercard said it is rolling out a new initiative to support small business owners.
DEVON, U.K.–A group of housing associations in southwestern United Kingdom is working to help residents build financial stability by partnering with a credit unions to offer affordable loans and savings products.
WASHINGTON–The latest GDP numbers for year-end 2023 are “surprisingly positive,” according to one credit union economist, and come even as data also show a cooling in the pace of inflation and no indications of a recession.
KOLOA, Kauai—Credit union volunteers gathered here were given an update on the federal and state credit union systems from NCUA Chairman Todd Harper and NASCUS President and CEO Brian Knight, respectively.
KOLOA, Kauai–With nearly 500 credit union volunteers in the audience, NCUA Chairman Todd Harper and NASCUS President and CEO Brian Knight participated in a Q&A across a host of issues, including what the Supreme Court’s review of the Chevron doctrine might mean, why boards may not have the full picture of losses from fraud, how regulators can help innovation, and more.
SANTA MARIA, Calif.–CoastHills Credit Union is moving to a federal charter to expand its field of membership.
WASHINGTON—Small business owners are sharing their concerns over the Credit Card Competition Act in a new video message sent to Congress this week by America’s Credit Unions.
