Fresh Today

Fresh Today

NEW YORK—A number of big banks are now racing to land patents for blockchain technology. Two of the most recent to enter the race are Bank of America and Goldman Sachs, Pymnts.com reported.

ARLINGTON, Va.—Expect auto lending to be “stable” in 2017 with not a great deal of growth, and look for the housing market to continue its sluggish expansion.

ALEXANDRIA, Va.–NCUA announced it has issued five notices of prohibition to individuals who have been convicted of crimes of dishonesty and, as a result, are prohibited from participating in the affairs of any federally insured financial institution.

DENHAM, U.K.–InterContinental Hotels Group (IHG), which is the parent company for more than 5,000 hotels worldwide including Holiday Inn, said it is investigating claims of a possible credit card breach at some U.S. locations, according to Krebs on Security.

DEARBORN, Mich.–DFCU Financial Credit Union said it will pay a $27.3-million bonus to members as part of its “Cash Back” program. The funds are to be deposited into member accounts on Jan. 4.

BROOKFIELD, Wis.—A new study shows that mobile wallets are still not catching on with most Americans, but of those using the offerings Millennials are leading the way.