NEW YORK—MasterCard has entered the P2P space with the introduction of MasterCard Send this week.
Fresh Today
OWINGS MILLS, Md.—CareFirst, a major provider of Blue Cross Blue Shield insurance, has disclosed that its computers have been breached and that as many as 1.1 million customer data records may be at risk.
WAYNESBORO, Va. — One very small credit union has been absorbed by one very large credit union.
ALEXANDRIA Va.—The NCUA board reiterated today that credit unions should not have to pay any more assessments into the Temporary Corporate Credit Union Stabilization Fund based on the TCCUSF’s current performance.
NEW YORK—Data through April shows consumer credit default rates have reached historical lows.
WASHINGTON—In advance of today’s Senate Banking Committee mark-up on the “Financial Regulatory Improvement Act of 2015,” NAFCU and CUNA Wednesday each sent letters to the committee expressing support for the legislation.
JACKSONVILLE, Fla.—A new study shows that globally, consumers rate credit unions and community banks significantly higher than banks for service.
NEW YORK—A new study indicates Millennials switch banks twice as often as other demographic groups and are beginning to shift to online-only financial institutions.
ARLINGTON, Va.—While MBL-related legislation currently before Congress would require a credit union to have at least five years of business lending experience to raise its MBL cap, a new study shows that the average time that a CU’s business lending program has been in place is 7.5 years.
WASHINGTON—The CFPB Wednesday introduced a “Financial Coaching Initiative,” a program that targets recently transitioned veterans and economically vulnerable consumers to help them with their financial goals.