AMSTERDAM, Netherlands—A new report reveals 38% of all financial services applications in Europe are abandoned despite massive investment in digital transformation by institutions.
Fresh Today
NEW YORK—Approximately 2.6 billion smart payment cards were shipped globally in 2018, according to data from the Smart Payment Association.
FOSTER CITY, Calif.—Visa is holding talks with Russian banks over a cross-border service for money transfers between bank cards to mobile phone numbers, Banks.am reported.
WASHINGTON–The House Armed Services Committee has passed the National Defense Authorization Act for fiscal year 2020 without including language that would have granted banks the same rent-free access to land and facilities that credit unions have long held.
NEW YORK–The business of making risky loans has returned a decade after the financial crisis, but this time there are new players involved as well as new risks, according to one new analysis.
WILMINGTON, N.C.–The Credit Union Industry HealthScore, a composite score created by one firm to measure the health and performance of U.S. credit unions, has hit an all-time high.
NEW YORK––Nearly 100,000 reverse mortgages taken out by elderly Americans since the Great Recession have failed, “blindsiding elderly borrowers and their families and dragging down property values in their neighborhoods,” according to a new analysis.
MADISON, Wis.––The National Credit Union Foundation is reminding the deadline is approaching to apply for funds as its 2019 grant cycle comes to a close.
WASHINGTON–The CFPB is reporting that in the first six months with Kathleen Kraninger as its new director it assessed $22 million in civil money penalties against various entities charged with wrongdoing.
PEACHTREE CORNERS, Ga.—Two companies have announced acquisitions of other companies that provide services to credit unions.