MUMBAI, India—More ride sharing services are getting into credit cards. In this country, local ride-hailing giant Ola has inked a deal with state-run SBI (State Bank of India) and Visa to issue as many as 10-million credit cards in the next three and a half years.
Fresh Today
WASHINGTON—The Federal Trade Commission has finalized the rule implementing a 2018 law that requires the nationwide consumer reporting agencies (CRAs) to provide free electronic credit monitoring services for active duty military consumers.
ARLINGTON, Va.—Existing-home sales increased 2.5% to a seasonally adjusted annual rate of 5.3 million units in May. NAFCU Chief Economist and Vice President of Research Curt Long noted that even with modest gains in May, he expects home sales to stagnate in the coming months.
ARLINGTON, Va.–NAFCU believes the delay by NCUA in the effective date of its risk-based capital proposal was a good move.
WASHINGTON–The credit union trade groups are watching a number of events and hearings in Washington this week.
ARLINGTON, Va.—NAFCU and CUNA have sent comment letters with feedback on NCUA's rules on compensation related to lending.
WASHINGTON—A new loan product from Freddie Mac – CHOICERenovation – allows borrowers to combine home improvement costs with a mortgage or refinance loan.
WASHINGTON–The Federal Reserve said its latest stress tests show the country’s largest and most complex banks have sufficient capital to remain above minimum capital requirements even in the face of a severe recession.
ALBUQUERQUE, N.M–First Financial Credit Union here is helping fans of a local soccer club follow their team on the road.
WASHINGTON–Credit unions frequently talk of the power of grassroots advocacy; now a bank trade association is turning to its grassroots to lobby Congress about CU acquisitions of banks.