SAN FRANCISCO–A fintech start-up here, Varo Money, could in the future also seek its own bank charter.
Fresh Today
SANTA ROSA, Calif.–Redwood Credit Union said it has entered into a unique partnership with seven local lending institutions that have pledged to invest $250,000 to create the Sonoma County Loan Fund: a micro lending pool for startup and expanding entrepreneurs who typically do not qualify for traditional financing.
ALEXANDRIA, Va. –NCUA has introduced a new effort it said is aimed at modernizing the agency’s examination and supervision program.
MADISON, Wis.–Credit union loan growth is approaching its fastest pace in nearly two decades and asset yields should increase by nine basis points as a result, according to the newest CU industry numbers released by CUNA Mutual Group.
WASHINGTON–New home sales surged during April, with the volume representing the biggest one-month jump in 24 years.
NEW YORK–Household debt in the U.S. was up 1.1% during the first quarter, due largely to increased mortgage borrowing, according to the Federal Reserve Bank of New York.
WASHINGTON—NAFCU has sent a letter to the House stating its support for language in the FY 2017 Financial Services & General Government Appropriations Bill that would replace the sole director of the CFPB with a bipartisan five-person commission.
WASHINGTON–Three members of the U.S. Army National Guard have been arrested and charged with a scheme to use bitcoin to purchase stolen credit card numbers in order to make fraudulent purchases from a number of military bases.
IRVINE, Calif.—During April median investment home prices, which include financed and non-financed properties, soared 12.5% to $203,000, while owner-occupied median home prices rose 5.3% to $251,900, according to new data released by HomeUnion.
BIRMINGHAM, Ala.—Researchers in the United Kingdom are working on a new form of mobile banking identity verification that analyzes each user's individual body language. The program assesses how people hold, type or swipe their mobile devices in order to authorize transactions.