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February

1
2024
Strategy

GenAI Can Help Credit Unions Match Payments Innovation to Member Needs

Vlad Jovanovic, vice president of innovation at PSCU, told PYMNTS that credit unions will gain loyalty as they harness artificial intelligence to forge new use cases and personalized interactions with their retail and commercial clients.

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February

1
2024
Industry News

SAFE Credit Union Paid Members $57 Million in Dividends in 2023

FOLSOM, Calif., Jan. 31, 2024 /PRNewswire/ -- Citing its commitment to help its members build financial freedom, SAFE Credit Union paid out a total of $57 million in dividends to its members, an impressive 423% increase in 2023 over the previous year.

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February

1
2024
Industry News

Carr: Georgia Files Suit Against MV Realty Over Allegations of Unfair and Deceptive Practices

ATLANTA, GA – Attorney General Chris Carr has filed suit against MV Realty and certain affiliates over allegations that the companies used unlawful and deceptive means to mislead cash-strapped homeowners into signing a 40-year agreement for what is essentially a predatory financial product.

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February

1
2024
Industry News

PenFed Credit Union Finishes 2023 with Over $3 Billion in Net Worth and Welcomes Over 230,000 New Members

TYSONS, Va., Jan. 31, 2024 /PRNewswire/ -- PenFed Credit Union, the nation's second-largest federal credit union, today released financial results highlighting it finished 2023 with nearly 3 million members, $35 billion in assets and over $3 billion in net worth. PenFed continues to focus on its members with market-leading products and services, despite a challenging economic environment with prolonged yield curve inversion.

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February

1
2024
Industry News

FCC CHAIRWOMAN: MAKE AI VOICE-GENERATED ROBOCALLS ILLEGAL

WASHINGTON, January 31, 2024—FCC Chairwoman Jessica Rosenworcel today proposed that the FCC recognize calls made with AI-generated voices are “artificial” voices under the Telephone Consumer Protection Act (TCPA), which would make voice cloning technology used in common robocalls scams targeting consumers illegal.

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