RIVERDALE, Utah – America First Credit Union has launchedThe America First Innovation Center which it said will not serve as a traditional branch, but instead as a collaborative hub to showcase the latest innovative solutions and give members and consumers a greater voice in shaping how they want to be served in the future.
Fresh Today
SAN FRANCISCO–Wells Fargo plans to introduce a mortgage for borrowers who can make only a minimal down payment, which will allow it to back away from a FHA program.
WASHINGTON—Legislation was approved Wednesday that includes provisions on CFPB funding and structure, and funding for low-income credit unions and small-business lending.
MADISON, Wis.–The Filene Research Institute is now seeking credit unions to participate in its product incubator to determine how financial institutions can better serve minority households.
ONTARIO, Calif.–The Richard Myles Johnson Foundation has introduced an app for its Bite of Reality financial education program.
JOHANNESBURG, South Africa–A South African bank reportedly was hit by criminals more than 10,000 miles away who were able to steal $13 million from ATMs using fake South African credit cards.
TUCSON, Ariz.—Vantage West Credit Union has joined with the University of Arizona Wildcats to sponsor its ZonaZoo, the official student section for University of Arizona Athletics, with a special offer.
BASEL, Switzerland–The Basel Committee on Banking Supervision has released the final version of its standard on Interest Rate Risk in the Banking Book, which is its formal guidance on monitoring, controlling and supervising interest rate risk, and it includes response to comment letters filed by the World Council of Credit Unions in 2015.
SAN FRANCISCO—Fitbit, which makes activity-tracking smartbands and phone apps, announced it is purchasing Coin, the San Francisco-based payments developer of the credit card-emulating Coin card.
LOS ANGELES—Children’s Hospital Los Angeles has received a commitment of $5 million from Credit Unions for Kids that will go toward the hospital’s Helping Hands Fund, which ensures all patients receive the critical, lifesaving care they need.