WASHINGTON–A trade group representing America’s community banks is denouncing a statement made by the CEO of one of the biggest financial institutions in the U.S. that there are too many banks in the country.
Fresh Today
PLANO, Texas–There will be no economic recession in the near term, according to CUNA’s former chief economist, Bill Hampel.
HELENA, Mont.–Members and staff from credit unions around Montana donated 2,285 hours of their time during the first 19 days of October as part of the Keep the Change, Give Your Time campaign.
ALEXANDRIA, Va.—NCUA Chairman J. Mark McWatters said he believes Congress should allow credit unions to serve communities that exist only online. Such a change would better reflect today’s society, McWatters said.
WASHINGTON—The acting Comptroller of the Currency is hammering the Consumer Financial Protection for its final rule on arbitration clauses. Keith Noreika, writing in an op-ed in The Hill, said the rule does little to help consumers and will only drive up credit costs.
SAN JOSE, Calif.—PayPal Holdings Inc. said more than two-million U.S. retailers now will be able to accept payments through its mobile app Venmo.
HAUPPAUGUE, N.Y.–GrooveCar is reporting that 25 more credit unions joined its program during the third quarter of 2017.
PURCHASE, N.Y.—The Clearing House (TCH) and Mastercard announced they are partnering to enable TCH to provision and manage Mastercard-branded tokens on behalf of banks.
ECCLES, U.K.–A flash mob of zombies bearing the message “Don’t get spooked by rip-off lenders—get local” has made an appearance here.
AUSTIN, Texas–Mobile continues to be the channel driving the most engagement with financial consumers–especially for credit unions that have deployed a “quick balance” feature.