NEW YORK–In a trend that is also evident in credit unions, a number of major U.S. firms have announced big investments in artificial intelligence technology.
Fresh Today
CHICAGO—The Federal Trade Commission has filed a friend-of-the-court (amicus) brief in the U.S. Court of Appeals for the Seventh Circuit challenging a district court ruling that invalidated a key anti-discrimination rule in the Equal Credit Opportunity Act (ECOA).
NEW YORK—Just which generation is propping up the U.S. economy? According to a new report, it’s the nation’s oldest consumers are spending more.
WASHINGTON—The Federal Trade Commission said it is sending payments totaling more than $3.3 million to consumers who were harmed by Arete Financial Group, a student loan debt relief operation that “tricked” consumers into making illegal upfront payments.
LONDON—Visa and Mastercard have fought off a new set of lawsuits over fees charged to retailers, with a London tribunal ruling the proposed collective cases cannot proceed for now, Reuters reported.
SAN FRANCISCO—Square has launched Tap to Pay on Android for merchants in the United States, Australia, Ireland, France, Spain, and the United Kingdom.
MADISON, Wis.— CUES has selected Heather McKissick to serve as its next CEO.
PARIS—The landscape for credit unions will only become more competitive if the country’s Treasury Secretary is correct, potentially signaling the pace of mergers will not be letting up.
ARLINGTON, Va.—Existing home sales rose 0.2% in May to a seasonally-adjusted annual rate of 4.3 million units, a 20.4% decrease in sales versus a year ago, new data show.
WASHINGTON—CUNA and NAFCU have joined with other organizations to share feedback on the Federal Housing Finance Agency’s (FHFA) new credit score requirements for the government-sponsored enterprises (GSEs).