Three credit unions here-Holy Rosary Regional CU, Northeast CU and Service CU-have collectively pledged to provide $12 million in loans over the next five years as part of an initiative called the CU Community Outreach. The CUCO program will fund home ownership loans for consumers who cannot qualify for traditional real estate loans, while an emergency loan program will offer small loans for consumers facing a financial crisis.
The proposal allows states substantial flexibility but sets guardrails against regulatory arbitrage.
The latest generation of anti-money-laundering software uses agentic AI to help alleviate AML alert fatigue. Experts say this use of the technology is promising, though they offer some caveats.
The digital bank launched Big Business Banking, an interface for businesses to manage fiat and crypto assets in the same place and conduct 24/7 transactions.
Banks have a lot to celebrate in the operational risk framework, but advocates warn it cuts capital too far.
The largest banks in the country each warn employees against using confidential information for trading activities, but they don't specifically enumerate prediction markets or events contracts. Now, oversight of insider trading on such platforms is gaining traction.
Recent double-pledging scandals in auto lending and the U.K. put U.S. mortgage lenders on alert. Here's what to watch and how MERS, e-notes and electronic vaults can help.
