MILWAUKIE, Ore.–Cutting Edge FCU here said it is using a $600,000 grant from Treasury’s Community Development Financial Institutions (CDFI) Fund to expand its affordable used-auto loan program for low-income members.
Fresh Today
WASHINGTON–What will the pending CECL rules mean for banks in the U.S. once they are implemented? The United Kingdom’s banks may offer a preview.
COLUMBIA, S.C. – What exactly is “DOMOTO?” It’s the theme being used on billboards and in television commercials in this market sponsored by South Carolina FCU.
The billboards promote a partnership between the credit union and businesses in the market, with DOMOTO an abbreviation for “Do More Together.”
LANSING, Mich.—The Michigan Department of Insurance and Financial Services has issued an order authorizing all Michigan-state chartered credit unions to invest, without limitation, in the obligations of government sponsored enterprises (GSEs) as long as it is in a safe and sound manner.
NEW YORK/LONDON/HONG KONG–It isn’t just credit unions warily watching emerging competition from fintechs and other players.
WASHINGTON—Federal Reserve Gov. Lael Brainard has offered her perspective on how fintech might change the way the financial industry meets the needs of underserved consumers and improve financial inclusion. Brainard said she is "cautiously optimistic” about the prospects.
HOBOKEN, N.J.–A new survey shows Americans haven’t been frightened away from spending even more on Halloween this year than last.
NEW YORK—American Express and other major issuers keep tinkering with their card rewards programs. In the case of Amex, it has announced a refresh and rebranding of its Premier Rewards Gold Card.
CHARLOTTE, N.C.—Blockchain adoption will eventually be a multi-billion-dollar opportunity for tech companies such as Amazon and Microsoft, according to new estimates from Bank of America.
MOSCOW, Russia–Cryptocurrency exchanges over the last two years have been hit with $882 million in stolen funds, according to cybersecurity firm Group-IB here.