SAN FRANCISCO—Upgrade, a fintech startup that turns credit card balances into installment loans, has closed a fundraising round that values the company at $6.28 billion.
Fresh Today
LONDON–Is a shorter work week ahead for employees of some credit unions? Perhaps, should CUs follow the lead of at least one bank.
LOS ANGELES—In another sign cryptocurrency is moving mainstream, the Staples Center now has a new name: Crypto.com Arena.
DALLAS—MoneyGram International has expanded its mobile wallet network through the integration with bKash, Bangladesh's leading mobile financial service provider, the company reported.
WASHINGTON–A new version of the National Defense Authorization Act (NDAA) reportedly does not include the credit union-supported SAFE Banking Act, which would have removed federal prohibitions on serving the financial needs of cannabis-related businesses.
ALEXANDRIA, Va.–NCUA will hold a public budget briefing today for its 2022-23 draft budget at 2 p.m.
LAWRENCEVILLE, Ga.—Is there no end to the road when it comes to rising used car values? There doesn’t seem to be, as used values continued there march upward in November, with the Black Book Used Vehicle Retention Index reached another record high.
TALLAHASSEE, Fla.–Credit unions have announced plans to merge in three more states.
ALBUQUERQUE, N.M.–Sandia Laboratory Federal Credit Union has named a new president and CEO, while Kinecta FCU’s Teresa Freeborn has announced a new career.
WASHINGTON–A new report from the Office of the Comptroller of the Currency (OCC) says national banks have been “weathering” the COVID pandemic, but the effects of weak loan demand and low net interest margins can be seen in the data.