Michigan credit union blocks fraud with deepfake detection
Michigan State University Federal Credit Union avoided $2.57 million in fraud exposure through blocking AI deepfake fraud calls with Pinpoint products.
Dems in Congress sharpen criticism of SBA immigration rules
Democratic senators are attributing a recent decline in lending activity to a Trump administration regulation that puts new restrictions on borrowers with foreign ownership.
PNC adds tech from Extend to support virtual cards
The bank is betting on demand from resource-challenged companies.
Deposit insurance reform is about paychecks and communities
The chief advocacy officer of the Defense Credit Union Council takes issue with the argument that a proposed increase to federal deposit insurance limits would be a “gift” to the credit union industry.
Midwest banks targeted by $5.4M ATM jackpotting scheme
Fifty-four individuals tied to the Tren de Aragua gang face charges for using Ploutus malware to drain millions from community banks and credit unions.
Zions’ latest C-suite shuffle puts new bank head in Utah
Paul Burdiss’ departure marks the second time in as many years that the Salt Lake City-based company has switched the CEO of its Utah, Idaho and Wyoming division.
Democratic AGs file suit demanding CFPB funding
A group of 22 Democratic state attorneys general filed a lawsuit against acting Consumer Financial Protection Bureau Director Russell Vought, the bureau and the Federal Reserve, arguing that the administration’s position that the CFPB cannot be funded is wrong.
ServiceNow to buy cyber startup Armis for $7.75 billion
ServiceNow, with its largest-yet M&A deal, will fold Armis’ threat prevention services into its larger cybersecurity suite.
Bankers predict 2026 will bring surprise advances in AI, crypto
An American Banker survey found that bankers think the industry isn’t prepared for growth in artificial intelligence and digital assets.
Let the market decide the future shape of banking in the US
Fintechs are wrong to demand wholesale consolidation of community banks in the U.S. Real innovation doesn’t stem from wiping out smaller institutions or forcing consolidation. Innovation comes from fair competition, secure data protocols, and clear rules that apply equally to banks and fintechs of all sizes.