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NEW YORK— A new report has found 8% of consumers have now used buy now, pay later credit financing for online purchases in the last year, doubling the increase since 2021.

ALEXANDRIA—When the NCUA board gathers today the meeting should be brief, with only two items on the agenda.

WASHINGTON–Who’s liable if a credit union’s AI-based decision engine makes a decision on its own, outside parameters the CU put in place? What are the implications of the “arms race” taking place in AI? How can Congress “not screw this up?” Those questions and others were at center of discussion in the Senate as the government—and industry—race to get a framework in place around the rapid developments in artificial intelligence.

DUBLIN, Ireland–Ireland’s credit unions could become significantly bigger players in the mortgage market in this country with the introduction of the Credit Union (Amendment) Bill that will allow CUs to double the amount of mortgage and commercial lending they currently do

PLANO, Texas– Cornerstone Resources said it has entered into a partnership with Trellance the organization said is designed to advance cooperation among cooperatives and increase credit unions’ access to subject matter experts and technology resources, such as data management, analytics, and cloud solutions. 

BRIGHTON, Mich.— Lake Trust Credit Union has launched the Downtown Brighton Small Business Relief Fund in partnership with the Greater Brighton Area Chamber of Commerce and the City of Brighton’s Downtown Development Authority.