LAS VEGAS—To get some understanding of just what artificial intelligence can do for loan underwriting and expanding lending into underserved markets in the future, it can help to look back—in this case, running an AI model with CU data from prior to the Great Recession of 15 years ago, according to one person.
Fresh Today
NASHVILLE–More than eight in 10 Americans (84%) say they are “very satisfied” or “satisfied” with their primary bank, and 94% rate their bank’s customer service as “excellent,” “very good” or “good,” according to a new survey released by the American Bankers association.
MONROE COUNTY, Ind. — An Ohio woman who allegedly scammed thousands of dollars from credit unions before leading police on a high-speed chase has been arrested.
MADISON, Wis.–As it marks its 30th year, the CUNA Marketing & Business Development Council’s is reporting its annual Diamond Awards will feature three new categories this year.
MADISON, Wis.––Registration has opened for the four Development Education (DE) programs to be hosted in 2024 by the National Credit Union Foundation. There will also be one virtual program.
BROOKFIELD, Wis.—Fiserv said it continues to enhance its core banking platforms, reporting that more than 500 credit unions are now using its cloud-based Portico solution.
PANAMA CITY, Fla.–Tyndall FCU said it’s simple strategy of “Charge less, give more” is the primary driver of its success.
DENVER– Westerra Credit Union has announced the launch of its Colorado Housing and Finance Authority (CHFA) product, which is designed to provide valuable support and assistance to homebuyers.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has assessed a $15-million civil money penalty against Shinhan Bank America (SHBA) for “willful” violations of the Bank Secrecy Act (BSA) and its implementing regulations.
CORPUS CHRISTI, Texas– Following a motion by three credit union entities, the U.S. District Court for the Southern District of Texas has issued an order expanding its initial injunctive relief so that the CFPB’s 1071 rule is stayed for all financial institutions covered by the rule.