NEW YORK – Wells Fargo & Co has entered into preliminary discussions with the U.S. Department of Justice and the U.S. Securities and Exchange Commission seeking a resolution related to inquiries over its sales practices.
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WASHINGTON–The U.S. economy slowed down in the final quarter of 2018 and could slow further this year, according to new federal data and analyst forecasts.
MELROSE, Minn.–Two Minnesota credit unions are merging. Members of Soo Line Credit Union have voted in favor of combining with Central Minnesota Credit Union.
JANESVILLE, Wis.–BlackHawk Community Credit Union said it will donate its administrative building to HealthNet of Rock County.
SPRINGFIELD, Ill.–Deborah Hagan has been appointed secretary of the Illinois Department of Financial and Professional Regulation.
CHICAGO–With the close of February now here, CUToday.info is also closing out its 2018 Member Giveback Tracker, which shows credit unions have returned more than $177 million to their members.
WASHINGTON—Largely echoing what he had told the Senate one day earlier, Federal Reserve Chairman Jerome Powell told a House committee the Fed sees indications a “patient approach” is now necessary when it comes to any movement on rates, while also responding to questions related to CECL.
NEW YORK—As tax season arrives, some consumers may find they owe money for a credit card perk. If cardholders have received a bonus from their credit card company for successfully referring friends or family for new cards, they may owe taxes on that bonus.
NEW YORK–The CEO of Citigroup said the company may eliminate tens of thousands of jobs in its call centers by using artificial intelligence.
COSTA MESA, Calif.–A new study from J.D. Power has found large banks have emerged as the leaders in merchant services customer satisfaction among small businesses, outperforming a field that includes a dozen fintech companies and scale processors.