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WASHINGTON—Adults aged 60 and older are less likely to report losing money to fraud than younger adults, but the amount of money they report losing is on the rise, according to a new report from the Federal Trade Commission.

MADISON, Wis.—The international credit union community added more than 14 million members during 2018 to reach a new high of more than 274 million in 118 countries, according to World Council of Credit Unions’ newly released 2018 Statistical Report.

WASHINGTON—Ahead of the Senate Banking Committee hearing on data privacy rights and data valuation, NAFCU Vice President of Legislative Affairs Brad Thaler urged lawmakers to consider a national data security standard for institutions that collects and stores consumer information.

PURCHASE, N.Y.—Loyalty programs now need to be more than just points and miles, suggests a new report  that also offers strategies for making loyalty rewards more competitive.

BROOKFIELD, Wis.—Fiserv has introduced CheckFree Next, a service the company said is designed to improve the bill payment experience.

WASHINGTON—Credit unions continue to make the best financial partner for 115 million Americans despite the latest bank attacks, CUNA Chief Advocacy Officer Ryan Donovan said in a letter to congressional offices.

LONDON—Machine learning (ML) tools are now in use at two-thirds of U.K. financial institutions, with the technology entering a new phase of maturity and more advanced stages of deployment, according to a survey conducted by the Bank of England.

PETERSBURG, Va. –The Petersburg City Council has approved a partnership between Petersburg Area Transit, PAT and Peoples Advantage Federal Credit Union that is aimed at promoting transportation and financial literacy throughout the city.

WASHINGTON—CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the first quarter of 2019.