3+ day, 20+ hour ago   (182+ words) SOUTHLAKE, Texas — Lender Compliance Technologies (LCT) today announced the launch of a new credit union service organization (CUSO) – LCT CUSO – dedicated to making advanced automated-compliance solutions seamless and accessible to credit unions across the U.S. LCT CUSO is a…...

5+ day, 21+ hour ago   (538+ words) PITTSBURGH—Nearly half of U.S. banks are showing year-over-year deterioration in credit quality even as industry profits, lending and deposits continue to climb, according to a new BlastPoint analysis of second-quarter FDIC data. BlastPoint found 48% of U.S. banks reported a…...

1+ week, 2+ day ago   (268+ words) Judge Rejects SVB Parent’s $1.71B Claim Against FDIC CU Today SAN JOSE, Calif.—A federal judge has rejected a $1.71-billion claim against the FDIC by the successor to Silicon Valley Bank’s former parent, finding that negligent decisions…...

1+ week, 2+ day ago   (217+ words) CU Today WASHINGTON—The Government Accountability Office is urging Congress to reconsider who reviews investor disclosures from publicly traded banks without holding companies, finding those institutions are not subject to the same investor-focused SEC scrutiny as most public companies…...

1+ week, 5+ day ago   (280+ words) Blockchain Association Challenges Stablecoin ‘Deposit Flight’ Warnings CU Today WASHINGTON—The Blockchain Association is challenging warnings that stablecoins will drain deposits from community financial institutions, arguing there is little evidence of such an exodus and that the greater concentration…...

1+ week, 5+ day ago   (200+ words) CU Today BASEL, Switzerland—Frontier artificial intelligence could dramatically increase the speed, scale and affordability of cyberattacks, potentially undermining confidence across the global financial system, Financial Stability Board Chair Andrew Bailey warned G20 finance ministers and central bank governors Andrew…...

1+ week, 6+ day ago   (129+ words) America’s Credit Unions Maps State-By-State AI Requirements CU Today WASHINGTON--A high-level overview of state-level artificial intelligence legislation that may impact credit unions is now available from America’s Credit Unions, the trade group announced The new resource contains…...

2+ week, 5+ hour ago   (197+ words) NEW YORK--Financial institutions are rapidly embracing instant business-to-business payments, but smaller banks and credit unions are significantly behind their largest competitors, according to new research from PYMNTS Intelligence and The Clearing House. Just 58% of institutions with less than $5 billion…...

2+ week, 4+ day ago   (637+ words) SCOTTSDALE, Ariz.—Credit unions have spent years searching for new sources of growth, yet one of the biggest may already be sitting in their branches and membership databases: business owners whose commercial banking relationships are somewhere else. Just 5% of U.S....

2+ week, 5+ day ago   (174+ words) STAMFORD, Conn.—Despite the rapid adoption of artificial intelligence and cloud computing, bank technology executives aren't preparing to pull the plug on their mainframes, according to new research from Crisil Coalition Greenwich. Nearly three-quarters of bank CIOs, CTOs and other…...