NEW YORK—Is Progressive CU beginning to turn around its problems with troubled taxi medallion loans?
Fresh Today
WASHINGTON—A “period of fine tuning” should be expected for both financial institutions and regulators dealing with new customer verification obligations, the head of the Treasury Department’s anti-money laundering unit said last week.
PASADENA, Calif.–CIT Bank and its California branch division, One West Bank, have announced a $6-million investment in Self-Help FCU.
MENLO PARK, Calif.—Facebook-owned Instagram has started testing a payment feature within the app. This feature is currently limited to certain users.
SAN FRANCISCO—Digit, the developer of a popular automatic savings mobile app, said it is moving beyond its core business with a new feature enabling users to pay down credit card debt from their Digit account.
FOSTER CITY, Calif.—Thanks in large part to Millennials, spending on Visa debit cards continues to grow at a faster clip than on credit cards.
BISMARCK, N.D.–The 335 credit unions participating in the CU Social Good program during 2017 provided more than $11.3 million in benefits to communities, according to new data.
NEW YORK—American Express AXP is closer to becoming the first U.S. card network to offer services in China.
NEW YORK—Data from EMVCo shows that 54.6% of all cards issued globally by the end of 2017 were EMV-enabled.
WASHINGTON—Language to delay NCUA's risk-based capital (RBC) rule by two years was included in legislation introduced this week dealing with the Committee on Foreign Investment in the United States (CFIUS).