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ONTARIO, Calif.—The auto buying model is transforming, not only in the migration to online shopping and purchases, but in how dealers and automakers are integrating their offerings, and credit unions that don’t recognize and respond to the shift are going to lose loans, asserts one automotive industry expert.

NASHIK, India–India has become the 20^thcountry to launch a Global Women’s Leadership Network(GWLN) Sister Society, with women from the Maharashtra State Federation of Cooperative Credit Societies (MAFCOCS) and Kalyani Mahila Nagari Cooperative Credit Society forming a chapter here in the western state of Maharashtra.

LINCOLN, Neb.–Two state banking groups here have filed suit against the Nebraska Department of Banking and MembersOwn Credit Union over the credit union’s plans to expand its field of membership.

BROOKFIELD, Wis.–Fiserv has announced that on-demand payment pioneer FlexWage Solutions is expanding the ways wage earners can receive their pay to “align with how people live and work today.”

IRONDALE, Ala.–Corporate America Credit Union has announced that for the second time in less than a year, it will “give back” by waiving service fees and giving a bonus dividend to member credit unions that hold perpetual contributed capital.

BASEL, Switzerland–The Basel Committee has revised the leverage ratio treatment of client cleared derivatives to generally align it with the standardized approach measuring counterparty credit risk exposures (SA-CCR) as used for risk-based capital requirements, according to the World Council of Credit Unions, which supported the move.

GENEVA, Switzerland—Dukascopy Bank announced it has developed its own Ethereum stablecoins.

LONDON—A decade's collection of data breaches shows a bleak picture with billions of records exposed from these incidents and financial damages of more than $1.6 trillion, a new report reveals.

NEW YORK—In the lean years following the financial crisis, Citigroup made an unintentional bet on the future of banking that’s now starting to pay off.

VIENNA, Va.–Navy FCU has launched HomeSquad, a new online mortgage application tool the credit union said is designed to simplify the home buying process. Navy Federal members can access HomeSquad through the Navy Federal mobile app or through the CU’s website.