21+ hour, 51+ min ago   (937+ words) MADISON, Wis.— TruStage is developing a fund that would provide grants—not loans—to credit union members who suffered financial hardship because of its cyberattack, President and CEO Terrance Williams revealed Friday, while acknowledging the company has “fallen down” on…...

21+ hour, 53+ min ago   (266+ words) Anthropic Discloses Another Claude Model Hacked External Systems In Testing cutoday.info SAN FRANCISCO--Anthropic has disclosed another case in which one of its AI models hacked external systems during testing, Reuters reported, adding to concerns about the risks posed…...

21+ hour, 54+ min ago   (196+ words) cutoday.info ANNAPOLIS, Md.— The Accredited Standards Committee X9 has launched an industry forum focused on identifying ways to reduce fraud across payment types and networks Participation in the X9 Payment Fraud Forum is open to anyone in financial services, and…...

3+ day, 12+ hour ago   (139+ words) CU Today WASHINGTON—Federal banking regulators have issued an interim final rule doubling the asset threshold for certain community banks to qualify for an 18-month examination cycle, increasing it from $3 billion to $6 billion.The change implements provisions of the…...

3+ day, 20+ hour ago   (251+ words) America’s Credit Unions Sets 3 Priorities For Final Congressional Push CU Today WASHINGTON--Time in Washington is running out for the current Congress, but America’s Credit Unions has three priorities it is working to advance through the end of…...

4+ day, 12+ 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…...

4+ day, 10+ hour ago   (448+ words) How A $130M CU Built An ‘AI Back Office’—And What It’s Doing With It CUToday...

4+ day, 10+ 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, 11+ 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, 21+ hour ago   (140+ words) FinCEN Clears Path For Credit Unions To Use Mobile Driver’s Licenses For Identity Verification CUToday WASHINGTON--Updated frequently asked questions (FAQs) released by the Treasury’s Financial Crimes Enforcement Network (FinCEN) and financial regulators Tuesday address the use of…...