NEW YORK—A taxi medallion-lending credit union, Progressive CU, has sold a 19,105-square-foot office condominium in Midtown South here to Construction & General Building Laborers’ Local 79 for $18.1 million.
Fresh Today
JACKSON, Miss.—Mississippi Gov. Phil Bryant named state Agriculture and Commerce Commissioner Cindy Hyde-Smith to fill the seat vacated by Sen. Thad Cochran (R-MI).
WASHINGTON—The Consumer Financial Protection Bureau has issued a report on the 2017 activities of the Bureau and the Federal Trade Commission (FTC) to combat illegal debt collection practices.
BEIJING, China—Asia’s two biggest economies are tackling various aspects of payments.
ST. LOUIS–HSBC Bank has used artificial intelligence to successfully predict the redemption of loyalty program rewards associated with its new suite of credit cards.
WASHINGTON—Less than a week after the House of Representative indicated it would not “rubber stamp” the credit union-backed regulatory relief bill passed by the Senate, senators are calling on the lower house not to make any changes if they wish to see the legislation pass this year.
RALEIGH, N.C.–Constellation Digital Partners, the startup that is rolling out a technology platform for credit unions, reported it has received a $500,000 investment from Vizo Financial Corporate Credit Union in Greensboro, N.C.
MADISON, Wis.–CUNA Mutual AdvantEdge Analytics announced it will work with Microsoft to develop the next generation data platform for the credit union industry.
ARLINGTON, Va.—A new report reveals that roughly 94% of survey respondents' credit unions offer some kind of financial literacy program, with home buying sessions offered by 93% of them.
WASHINGTON–As expected, the Federal Open Market Committee has voted today to raise interest rates by 25 basis points, setting a target range for the federal funds rate of 1.50% to 1.75%.