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Credit Where Credit's Due

  Credit Where Credit's Due   Credit reports 101 Used to calculate credit scores   and determine creditworthiness, credit reports are comprehensive documents that detail the credit history of a person or business, including current and former lines of credit, bankruptcy records, and more.  Credit assessments actually started in the 1700s   as a way to evaluate businesses’ financial standing rather than consumers’. The early 1800s brought efforts to standardize the credit reporting system as more businesses were started that needed loans, and the labor movement’s success in the second half of the 1800s led to an increased need for standardized c...
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47-Second Loan Décisions. Underwriting in Minutes. How AI is Revolutionizing Turnaround Time in Mortgage Lending

May 27, 2026 CU Today TORONTO–While AI has been deployed across a host of back office functions, on the consumer-facing side its promise is increasingly being seen in mortgage lending, where lenders are promising mortgage approval decisions in as little as 47 seconds, reporting that up to a third of inquiries are now being handled by chatbots, and slashing underwriting time to just minutes. Toronto-based TD Bank Group said it has also deployed its first agentic artificial intelligence system in mortgage lending, reducing the time required to prepare applications for underwriting from an average of roughly 15 hours to less than three minutes. According to a statement from TD Bank, the new AI model automates mortgage pre-adjudication — the process that occurs before a human underwriter reviews an application. The bank said the system classifies borrower documents, extracts and validates financial information, calculates income, performs policy and consent checks, identifies discrepancie...
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Trump Accounts Program For Children Moves Forward With New Mobile App Launch

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AI Rapidly Reshaping How Consumers Discover, Compare & Choose Banking Products (But Trust Remains an Issue)

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‘Statistically Better Than Humans’: Revolut Says AI Is Transforming AML Monitoring

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FFIEC Proposes Biggest CAMELS Overhaul In 30 Years, Citing Need For Greater Transparency

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Honor Our Heroes This Memorial Day

  First Responder Credit Union Academy   Attendee Registration Tucson, AZ 2026 ...
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Letter to Credit Unions Says NCUA Exam Modernization Now Underway

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Royal Administration Services, Inc. is the Official Conference Sponsor of the 2018 National Council of Firefighter Credit Unions Inc Annual Conference

Hanover, Ma,   Royal Administration Services , Inc. is pleased to announce it is the Official Conference Sponsor for The National Council of Firefighter Credit Unions Inc (NCOFCU) 2018 Annual Conference. NCOFCU’s 2018 Conference will be held in Seattle, Washington September 19-22, 2018. NCOFCU is the nation’s premier professional association of Credit Unions serving firefighters and First Responders and their families. “We are thrilled to Welcome Royal as this year’s Official Conference Sponsor,” said Grant J. Sheehan, Executive Director and CEO of NCOFCU; we are pleased to partner with Royal’s suite of vehicle protection product offerings to our members, and their families. By stepping up its role at the conference, Royal is further demonstrating their support for Firefighters and First Responders and the Credit Union Community. “We share in the Council’s commitment to providing relevant auto lending protection products and services; Royal Administration Services...
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Michael Lozoff PA Speaks to Important Lessons from the CFPB-Navy Federal Consent Decree

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