BOSTON—A OneUnited Bank limited edition Visa debit card depicting Harriet Tubman has come under fire online from critics who say the design is in poor taste.
Fresh Today
WASHINGTON—A new study shows 50% of U.S. adults currently have unused gift cards or store credits. This equates to an average of $167 per person in unredeemed funds, the Bankrate study reveals.
WASHINGTON—Leaders from the Internal Revenue Service’s Criminal Investigation unit and tax authorities from Australia, the United Kingdom, Canada and the Netherlands (the J5) met in Sydney, Australia to set priorities for the year ahead in the fight against international tax crimes.
SAN FRANCISCO—All-mobile banking services startup Varo Money has received the FDIC’s approval of its federal deposit insurance application for Varo Bank.
WASHINGTON—The Consumer Financial Protection Bureau announced a proposed settlement with Think Finance, LLC, formerly known as Think Finance, Inc., and six subsidiaries (collectively, the “Think Finance Entities”), to resolve the Bureau’s lawsuit, which the Bureau filed on November 15, 2017.
WAYNE, Penn.–Jay Mossman, who founded the technology provider Akcelerant, is back in the market with a new technology firm called AKUVO that it says will combine data and AI-driven solutions to improve credit union performance.
WASHINGTON—In response to the latest banker attacks against credit unions, NAFCU sent a letter to lawmakers on Capitol Hill to “set the record straight.”
WASHINGTON—Fourth quarter economic growth remained at its third-quarter pace of 2.1% according to the Commerce Department's second estimate.
WASHINGTON—The American Bankers Association is once again asserting the nation’s largest credit unions are not living up to their mission to serve individuals in low- to moderate-income areas.
ALEXANDRIA, Va.—NCUA has issued nine prohibition notices and two prohibition orders that prohibit the individuals from participating in the affairs of any federally insured financial institution.