NEW DELHI, India—Slice, an fintech startup that has built a “super card” for Millennials in India, said it has raised $20 million in a new financing round and is adding new features to change how people engage with their credit cards.
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LONDON—Lloyds Bank reported it is teaming up with Mastercard to launch PayFrom Bank, a solution it said will provide users with the power to make direct payments to merchants from their bank accounts.
WASHINGTON—Amid growing concerns surrounding ransomware attacks in the U.S., Sen. Gary Peters (D-MI) has announced a bipartisan investigation of how cryptocurrencies could be facilitating such activity.
MADISON, Wis.–Overall credit union loan balances rose 0.8% in May, down from the 1.1% of a year earlier and 4.5% over the past year, but the growth in fixed-rate first mortgages raises “concerns” over interest rate risk when rates begin rising again, according to the newest Credit Union Trends Report released by CUNA Mutual.
SANTA ANA, Calif.–The Rancho Santiago Community College District (RSCCD) has sent a letter to SchoolsFirst FCU to take action within the next 90 days to bring greater diversity to its board by replacing at least six members with people of color.
ALEXANDRIA, Va.—NCUA’s Normal Operating Level (NOL) of the National Credit Union Share Insurance Fund (NCUSIF) should be returned to the historical 1.30%, CUNA wrote the agency in response to a request for comment for setting the NOL.
WASHINGTON—NAFCU, CUNA, and several other financial trade organizations have written to the Senate Banking Committee and House Financial Services Committee urging lawmakers against the expansion of the Durbin Amendment to credit cards.
ARLINGTON, Va.—Some are now predicting the housing boom is over after sales of new single family homes fell to an annualized rate of 676,000 in June, 6.6% below May's rate of 724,000 and 19.4% below the June 2020 level of 839,000.
WASHINGTON–Issues related to credit and debt were among the top ten complaints made to state and local consumer agencies in 2020, according to a newly released annual survey by Consumer Federation of America (CFA).
NEW YORK–It may remain the American dream, but Millennials (age 25-40) are finding it hard even to afford where they live, and nearly impossible to buy a home.