4+ day, 12+ hour ago   (448+ words) How A $130M CU Built An ‘AI Back Office’—And What It’s Doing With It CUToday...

4+ day, 12+ hour ago   (276+ words) CUToday WASHINGTON—Fannie Mae and Freddie Mac have opened use of VantageScore 4.0 to all of their approved single-family lenders, giving mortgage originators the option of using the alternative credit-scoring model instead of Classic FICO on eligible loans sold to…...

4+ day, 13+ hour ago   (219+ words) cutoday.info SAN FRANCISCO—Chime has agreed to acquire longtime bank partner Stride Bank for $590 million in cash, a deal that would give the financial technology company its own nationally chartered bank, PYMNTS reported According to PYMNTS, the transaction…...

4+ day, 14+ 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…...

6+ day, 14+ 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   (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, 4+ day ago   (239+ words) CU Today NEW YORK--A group of 21 global financial institutions, including Bank of America, Citi, Goldman Sachs and Wells Fargo, plans to form a company later this year to issue a U.S dollar-denominated stablecoin, reports indicate, marking a major push…...

1+ week, 6+ day ago   (260+ words) NASHVILLE--Volunteer Corporate Credit Union and Veep, a leading AI-powered fintech, have agreed to a new partnership with Navigator Credit Union, based in Moss Point, Miss. This agreement brings Veep’s suite of earned wage access (EWA) solutions, including Anytime Pay,…...

1+ week, 6+ day ago   (223+ words) CU Today NEW YORK--Barclays now expects the Federal Reserve to raise interest rates by 25 basis points in September and again in December after Fed Chair Kevin Warsh delivered what the brokerage called a “notably hawkish” speech,…...

2+ week, 4+ day ago   (246+ words) CUToday Department of the Treasury has appointed Chris Miller director of the Community Development Financial Institutions Fund, placing an executive with 20 years of small-business and community-development finance experience at the agency “I am honored to serve as a…...