MADISON, Wis. – Summit Credit Union has obtained naming rights to an endzone space in the University of Wisconsin’s newly renovated Camp Randall Stadium to be known as the “Summit Credit Union Fifth Quarter Patio.”
Fresh Today
WASHINGTON–A new report from the CFPB that focuses on rural Appalachians found people in the region tend to earn less than consumers in other rural areas, have higher rates of subprime credit, and, in particular, see a much higher rate of medical debt collections.
NEW YORK–The need to combat high inflation is likely to require lifting the central bank’s benchmark short-term interest rate above 3.5% and then holding it at that level through next year, according to Federal Reserve Bank of New York President John Williams.
TUKWILA, Wash.–The BECU Foundation has announced the 2022 nonprofit recipients of the inaugural Green Equity Initiative, which is a commitment of up to $875,000 to support environmental sustainability through green workforce development and entrepreneurship.
PLANO, Texas–A research report has identified the “Five Trends Driving the Digital Banking Landscape.”
NEW YORK—CabbagePay has is now available in the United States and has begun offering money movement/payment services for businesses and touting low fees as it seeks to get clients to move away from credit cards.
LONDON—A new study from SmartSearch reveals over 80% of U.K. regulated firms in the legal, property and finance and banking sectors are likely to make a change to electronic verification of their customers.
NEW YORK—In a move to attract new business, Citi is now offering a welcome bonus on its Citi Double Cash Card.
NEW YORK – While the elimination or reduction of overdraft and non-sufficient funds (NSF) fees by some banks have been getting headlines, the fees are still being charged by most banks and are “not going away anytime soon,” according to a new analysis.
WASHINGTON—The Consumer Financial Protection Bureau’s rumored plan to expand Regulation E and the Electronic Fund Transfer Act (EFTA) is unlawful, would contravene the bill’s text, and would run afoul of the Administrative Procedures Act, CUNA wrote to the CFPB.