PASADENA, Calif.—Green Dot Corp., which offers reloadable prepaid debit cards, has launched a mobile bank account that offers 3% cash back for online or in-app purchases, a 3% high-yield savings account and free cash withdrawals.
Fresh Today
CHARLOTTE–NCUA Chairman Rodney Hood told credit unions here the country is going through an unprecedented demographic transition and that CUs have a chance to show leadership in response.
NEW YORK–The bond markets—from government debt to commercial bonds—are “flashing warning signs that could foreshadow potentially huge problems for the economy,” according to one analysis.
NASHVILLE, Tenn.–A resolution that emerged during the National Conference of State Legislatures’ meeting here that the Community Reinvestment Act (CRA) be applied to credit unions was thwarted, thanks to efforts by Vice Chairman and Rhode Island Representative Brian P. Kennedy, according to the Cooperative Credit Union Association (CCUA).
WASHINGTON—Consumers expectations have hit a new high when it comes to expectations for favorable mortgage rates over the next year, according to the July Home Purchase Sentiment Index (HPSI) from Fannie Mae. The consumer survey also found two-thirds of homebuyers in 2018 shopped around for their mortgage lender, helping them find more favorable loan terms.
BOISE, Idaho — Credit unions and their members across the country continue to be affected by card skimmers, with many members finding their accounts have been drained. The latest to report problems are CUs in Idaho and Oklahoma.
GLASTONBURY, Conn.–Payrailz, a provider of digital payments, has launched a new CUSO called CU Payz.
COLUMBUS, Ohio–Sherpa Technologies, a CUSO of Corporate One FCU, said it has launched a new fintech innovation platform called FintechAccel | CU.
SUMMERVILLE, S.C.–Heritage Trust FCU has named a president and chief operating officer. The credit union said it has selected Jason S. Lee to fill the positions.
ALEXANDRIA, Va. – NCUA said it is encouraging groups seeking to organize credit unions to take advantage of the agency’s new digital tool to help them with the charter application process.