Credit Unions News from American Banker

A federal judge said recent preemption rules from the National Credit Union Administration would bar Illinois from enforcing its interchange fee restrictions against federal credit unions.

Credit unions have long led banks on traditional customer service metrics, but they are currently struggling to match banks' digital service scores. The answer may be deeper collaboration with fintech partners.

Nine months before the outage, the NCUA told a federal council it may no longer need the authority to examine vendors like the one that failed.

Citadel Credit Union recently closed a $50 million loan on a Philadelphia office tower. It's part of a trend, as credit unions build their commercial real estate lending businesses.

Researchers showed a message with no return address slips past Reject Direct Send. Credit unions were told to close this kind of gap in 2021.

IDScan.net removed the pages naming its bank and credit union integrations after KrebsOnSecurity traced 153 million license scans to the company.

Banks are more prone to say artificial intelligence model performance has a high level of risk than credit unions, according to new American Banker research.

The core provider says ShinyHunters' breach affected fewer than 10 financial institution clients.

The New York City-based credit union is planning to roll out the technology as more consumers turn to large language models to help manage their finances and hopes it will eventually provide more insight into its members.

In recent years, U.S. tuition costs and student debt have skyrocketed. A number of credit unions have stepped up to help their employees handle the bills.

In an age of employee burnout, credit unions stand out as places where workers are unusually satisfied with their jobs. Here are the best 70 to work for.

Eight pleaded guilty in an $11-million scheme that changed or invented business registry records, then opened accounts as the payee at about 30 institutions.

The company, which says it serves 93% of credit unions, expects most key processes to run by mid-August. Its status page still said "Investigating" Wednesday.

Santander's employee data was breached. Credit unions that were never breached are suing over the cards they had to reissue.

As more traditional financial institutions turn to short-term liquidity offerings to meet growing consumer demand, legacy earned wage access providers are hoping to get their products in front of more employers – and their employees.

As governors prepare to designate new "opportunity zones," lenders and investors should take advantage of the chance to target capital to communities where it will both do good and generate strong returns.

A New York judge refused to dismiss Attorney General Letitia James's suit accusing Zelle's operator of enabling more than $1 billion in scams.

Only 13% of scams reach federal agencies. The rest land at banks and payment apps, making them the country's de facto scam-reporting system.

The class action is an early test of whether credit unions can hold their vendors liable for the cybersecurity they promise.

The Independent Community Bankers of America is lobbying Congress to require federal credit unions to disclose CEO pay, as most other nonprofit organizations must do. The calls follow the discovery of a massive embezzlement scheme led by the CEO of a Mississippi credit union.