Fresh Today

SAN FRANCISCO—Chime, a fintech that offers a savings account and a debit card that doesn’t charge monthly fees or overdraft fees, reports it has raised $18 million in Series B financing for what it describes as its mobile-first approach to banking.

GRAY, Tenn.–Appalachian Community FCU has been awarded $916,905 from the Community Development Financial Institutions Fund to boost its lending programs for underserved consumers with credit challenges.

BISMARCK, N.D.–Credit unions in the Dakotas have had a record-breaking year in support of Children’s Miracle Network Hospitals.

BENTONVILLE, Ark.—Walmart is changing the way customers return online orders.

MADISON, Wis.– The National Credit Union Foundation has named the winners of the 2018 Herb Wegner Memorial Awards.

WASHINGTON—Senate Banking Chairman Mike Crapo (R-ID) has sent a letter to three federal agencies questioning their ability to oversee credit bureaus and ensure consumer data is protected.

IRVINE, Calif.—New data show 4.6% of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in July 2017, a 0.9% percentage point year-over-year decline in the overall delinquency rate compared with July 2016 when it was 5.5%, according to the Loan Performance Insights Report from CoreLogic.

ALEXANDRIA, Va.—The NCUA board will take up its two proposals regarding credit union processes for appealing exams and will issue a proposal on capital planning and supervisory stress testing during its open board meeting Thursday at 10 a.m. ET. 

CHICAGO—Hyatt Hotels has been breached again. The company said 41 properties across 11 countries were affected between March 18 and July 2.

NEENAH, Wis. – The importance of aligning investment analysis with balance sheet interest rate risk position was a key focus at QuantyPhi’s Strategic ALM Workshop here.