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BALTIMORE—A new cybersecurity monitoring solution has been deployed by the Maryland Department of Labor’s Office of Financial Regulation that conducts continuous, real-time monitoring of cybersecurity threats to state-regulated banks, credit unions and other financial service companies in Maryland, the regulator reported.

WASHINGTON—The Federal Trade Commission is taking action against a Georgia-based debt collector that tricked consumers into paying more than $7.6 million in bogus debt by threatening them with jail time, harassing their family members, and other unlawful actions, the FTC said.

SALT LAKE CITY, Utah–Credit Unions for Kids announced that Caroline Willard, President/CEO of Cornerstone Credit Union League, has been appointed the Vice Chair of the National Advisory Board.

AUSTIN, Texas–In just two months, implementing an AI-based system into its contact center has yielded efficiency gains--including average call wait times dropping by 40%--for Greater Texas|Aggieland Credit Union.

MILWAUKEE – Corporate Central has added Chelsea Menge as Relationship Development Manager. 

WASHINGTON--Representatives from the Defense Credit Union Council (DCUC) and AmeriCU, based in New York, spoke with staff from Rep. Claudia Tenney’s (R-NY) office to address the statement Tenney made during the recent American Bankers Association’s Annual Convention about “inequities” between credit unions and banks.

GREENSBORO, N.C.– Vizo Financial is partnering with Vertice AI, an industry leader in AI-powered member growth and marketing effectiveness solutions for credit unions, Vizo announced.

PURCHASE, N.Y.—Mastercard has launched Mastercard Pay Local, a global service that connects consumers and merchants by allowing consumers to make card-based payments using local digital wallets, the company said.

WASHINGTON—As election day in the U.S. arrives, a new study reveals the results could impact the number of checking accounts a credit union has, as well as present new mortgage lending opportunities.

NEW YORK—Will issuers have to reconsider their rewards points offerings due to inflation?