SAN JOSE, Calif.—PayPal is taking its first steps toward developing and registering an investment platform within PayPal called Invest at PayPal, and it could launch next year, Nasdaq is reporting.
Fresh Today
ALEXANDRIA, Va.–Led by Idaho and Nevada, federally insured credit unions experienced strong asset and share-and-deposit growth over the year ending in the second quarter of 2021, but overall membership declined in 24 states and the District of Columbia, according to the latest NCUA Quarterly U.S. Map Review.
LAWRENCEVILLE, Ga.—Used car prices began climbing again in August after stabilizing in July.
WASHINGTON—Saying NCUA does not want credit unions to “go the way of Blockbuster,” Vice-Chairmen Kyle Hauptman addressed what the agency is thinking when it comes to the future technology needs of credit unions.
WASHINGTON—With Treasury and the Federal Housing Finance Agency (FHFA) announcing the suspension of several parts of the 2021 Preferred Stock Purchase Agreements (PSPAs), FHFA Acting Director Sandra Thompson says her agency will be working with Treasury to make further refinements to the business adjustments.
WASHINGTON—Saying the CFPB’s current structure “concerns me,” Rep. Andy Barr (R-KY) told NAFCU’s Congressional Caucus the issue is top of mind for him.
WASHINGTON–After yet-another scandal, Sen. Elizabeth Warren (D-MA) is calling for breaking up the nation’s fourth-largest bank.
WASHINGTON—The Treasury and Federal Housing Finance Agency (FHFA) have announced the suspension of several parts of the 2021 Preferred Stock Purchase Agreements (PSPAs).
ARLINGTON, Va.—On a seasonally adjusted basis, overall consumer prices rose 0.3% in August, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew 5.2% over the 12-month period.
DALLAS–Inflation at the wholesale level climbed 8.3%, year-over-year in August, the biggest annual gain since the Labor Department started recording the 12-month number in 2010, with one analyst saying he disagrees with the Fed that inflation will soon fade away.