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BASINGSTOKE, U.K.­—A new study from Juniper Research has found global business spend on AI-enabled financial fraud detection and prevention strategy platforms will exceed $10 billion globally in 2027, up from just over $6.5 billion in 2022.

BRUSSELS—Representatives from the European Network of Credit Unions (ENCU) and World Council of Credit Unions (WOCCU) are seeking support this week from the European Parliament, the European Commission and the Council of the European Union (EU) on limiting regulatory burdens on credit unions to help promote access to financial services for everyday Europeans, according to WOCCU.

BEAUMONT, Texas- Education First Federal Credit Union (EFFCU) employees raised more than $13,000 for three local non·profit organizations that were awarded checks in recognition of Giving Tuesday.

WASHINGTON—The Consumer Financial Protection Bureau has taken action against Loan Doctor to resolve claims the company and its founder, Edgar Radjabli, deceived consumers into thinking they were depositing funds into a guaranteed return savings product within a commercial bank.

WASHINGTON—The Federal Housing Finance Agency (FHFA) is being asked by NAFCU to extend the effective date for targeted changes to the government-sponsored enterprises’ (GSEs) guarantee fee pricing to March 1, 2023.

OMAHA,  Neb.–Credit unions seeking to add new workers or retain those they have will want to pay attention to the results of a new survey’s findings around parental leave.

CHICAGO–Alliant Credit Union said it has made an equity investment in Inclined Technologies, Inc., a fintech focused on “driving better long-term outcomes for life insurance policyholders.”

BASEL, Switzerland—A four-country test of a cross-border payments system using central bank digital currencies (CBDC) was successful, according to the Bank for International Settlements.