CHICAGO–Are direct banks beating traditional financial institutions in winning new consumers? A new survey offers some insights.
Fresh Today
SIOUX FALLS, S.D.—Twenty-four percent of consumers would prefer P2P payments for business refunds, as opposed to traditional methods of reimbursements, a new study from MetaBank shows.
WASHINGTON–After years of discussion, the Trump Administration has released its plans for reforming the housing finance system, including a proposal to overhaul Fannie Mae and Freddie Mac, which have been operating under federal conservatorship for more than a decade.
CHARLESTON, S.C.—With a storm surge expected to rival that of Hurricane Hugo two decades ago, Hurricane Dorian has had credit unions in the Carolinas closing offices and preparing for the worst, although most CU offices are expected to be open today.
WASHINGTON–FDIC-insured banks reported aggregate net income of $62.6 billion in the second quarter of 2019, an increase of $2.5 billion (4.1%) from a year earlier, according to data released by the FDIC.
GERMANTOWN, Md.–A CEO who has led a turnaround at one credit union has sent a letter to NCUA Chairman Rodney Hood and the agency’s board saying the agency needs to make internal changes in order to improve its efforts in helping CUs return to the black.
WASHINGTON—The Federal Reserve's Beige Book shows the U.S. expanded at a modest pace throughout August, even in the face of uncertainty related to trade policy and tariffs.
WASHINGTON—The D.C. District Court has dismissed another challenge to the Office of the Comptroller of the Currency's (OCC) national charter for fintech companies.
WASHINGTON—As Congress returns after the August recess, CUNA said one of its top legislative priorities is advancing the Secure and Fair Enforcement (SAFE) Banking Act (H.R. 1595/S. 2100), a bill that would provide protections to financial institutions serving legal cannabis-based businesses.
WASHINGTON—CUNA has joined dozens of fellow National Cooperative Business Association CLUSA members in requesting a hearing on the Small Business Administration’s recent report on cooperative lending.