RIDGECREST, Calif. – AltaOne FCU has chosen the oFlows multi-channel platform for online deposit account opening.
"AltaOne chose oFlows to bring online functionality to the next level and to prepare for the future," said Wendy Cleveland, president of the $530 million credit union. "Our goals are to respond to our members through better online access, to streamline the branch process, and to be proactive in meeting our members' expected needs.”
The bureau's Tuesday afternoon announcement follows an earlier statement that it would walk back a rule that places buy now/pay later loans under the Truth in Lending Act's Regulation Z, a move that will ease compliance for fintechs that offer installment loans.
Eliminating overdraft charges is Stearns Bank's latest move to limit fees that its customers pay. CEO Kelly Skalicky says deposit service fees aren't a good business model.
House Financial Services Committee ranking member Maxine Waters, D-Calif., blocked a planned joint hearing on a crypto market structure bill amid concerns about the Trump family's conflicts of interest in cryptocurrency.
The bank partnered with fraud prevention company Threat Fabric to create a taxonomy the companies hope will make it easier to communicate about fraud.
The pending acquisition is one of several large deals involving payment companies in recent years as legacy firms look for combinations that can counter newer fintech rivals.
