News
Mortgage Rates Inch Down
1+ hour, 44+ min ago (120+ words) CU Today MCLEAN, Va. -- The 30-year fixed-rate mortgage dipped this past week, averaging 6. 37%, Freddie Mac reported. Mortgage rates ticked down this week, averaging 6. 37%," said Sam Khater, Freddie Mac's chief economist The decrease in rates represents a positive development for prospective…...
Ocean Air FCU To Launch Suite Of Student Choice Lending Solutions
1+ hour, 44+ min ago (259+ words) CU Today WASHINGTON " CU Student Choice, the leading provider of higher education funding solutions to America's credit unions, announced its student loan and refinance solutions will soon be available to members of $876-million Ocean Air Federal Credit Union based in…...
Velera Enhances Fintech Engagement Program to Deliver Exclusive Benefits
3+ hour, 54+ min ago (172+ words) TAMPA--Velera Thursdayannounced an evolution of its Fintech Engagement Program, introducing an inaugural cohort of six fintech partners offering exclusive benefits, such as discounted pricing or waived fees, to Velera credit unions. The new group includes six cutting-edge fintech companies,…...
Mid American CU Picks Insider Kayla Stading As Successor To CEO Brad Herzet
19+ hour, 30+ min ago (213+ words) CU Today Kyla Stading WICHITA, Kan." The $500-million Mid American Credit Union has tapped longtime executive Kayla Stading as its next president and CEO, with the internal promotion setting up a leadership transition as current President/CEO Brad Herzet prepares…...
Federal Reserve Eyes Fed Now Change To Let CUs Use Intermediaries
6+ hour, 24+ min ago (107+ words) CU Today WASHINGTON--The Federal Reserve would permit credit unions to use intermediaries to transfer funds through the Fed Now Service under a proposal issued Wednesday, America's Credit Unions reported. It would allow a credit union to use Fed Now…...
ACU PAC Extends Special Election Streak With Georgia Victory
6+ hour, 19+ min ago (137+ words) CU Today ATLANTA--America's Credit Unions said its PAC continued what it called a strong record in special elections Tuesday, notching its sixth win in six contests so far this cycle as businessman Clay Fuller (R) won a special runoff in…...
Anthropic Says New AI Is Too Dangerous For Public Release, Warns Powerful New Model Could Reshape Cybersecurity'And Cybercrime / THE feature / CUToday. info
20+ hour, 11+ min ago (336+ words) CU Today SAN FRANCISCO'Anthropic said it has entered what it described as a new era in cybersecurity after developing an unreleased artificial intelligence model the company said is too dangerous to make public, with the firm claiming the system has…...
Dimon Backs Softer Capital Rules'But Says Big Flaws Remain
1+ day, 15+ hour ago (321+ words) CU Today NEW YORK'JPMorgan Chase CEO Jamie Dimon this week said he has "mixed" feelings about the Trump Administration's proposed rewrite of bank capital rules, calling the latest plan an improvement over the Biden-era draft but saying parts of it…...
Visa Warns New Scam Wave Demands More Than AI Alone
19+ hour, 30+ min ago (312+ words) CU Today NEW YORK--As scams grow faster and more convincing, financial institutions are being pushed to rethink fraud prevention around a harder truth: stopping modern fraud now means defending against both technology-driven attacks and human manipulation, according to PYMNTS....
Fed Sees Slower Path To 2%, Rising Labor Risks In New FOMC Minutes
21+ hour, 45+ min ago (267+ words) CU Today WASHINGTON" Federal Reserve officials signaled in minutes released Wednesday that they remain in no rush to cut rates, with policymakers increasingly worried that inflation could stay elevated longer than expected even as they also see growing downside risks…...