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ATLANTA— For credit unions, fraud is no longer just a line item—it’s a multiplying threat. Each dollar lost now carries more than $5 in added costs, from compliance and operations to reputational damage, according to the new LexisNexis True Cost of Fraud Study 2025.

NEW YORK—A newly identified banking trojan known as “RatOn” poses emerging risks for U.S. banks and credit unions, cybersecurity researchers warn.

WASHINGTON—The American Bankers Association did not waste an opportunity Wednesday to criticize credit union bank acquisitions and their tax-exempt status during a Senate Banking Committee hearing on deposit insurance reform.

MIAMI—Consumers added $28 billion in credit card debt during the second quarter of 2025, according to WalletHub’s new Credit Card Debt Study. However, a Fed rate cut of 50 BPs could save borrowers almost $4 billion over the next 12 months, the company said.

NEW YORK—Traditional credit cards are losing ground in the competition for consumer spending power, a new report indicates.

NEW YORK— Amid ongoing economic and regulatory uncertainty, S&P Global Ratings projects that U.S. global systemically important banks (GSIBs) will maintain solid profitability, according to its newly released report, “U.S. Large Banks Q2 2025 Update: Stable Performance and Readiness for Evolving Challenges.”

WASHINGTON--The Defense Credit Union Council Wednesday commended the U.S. House of Representatives for passing H.R. 3838 – Streamlining Procurement for Effective Execution and Delivery and the National Defense Authorization Act (NDAA) for Fiscal Year 2026 without the addition of the controversial Credit Card Competition Act (CCCA) amendments.

RALEIGH, N.C.—Four men have been indicted on federal charges of bank fraud and conspiracy in connection with a scheme that exploited a security gap at State Employees Credit Union, based in Raleigh, N.C., and netted nearly $500,000, the U.S. attorney’s office reported.