HARTFORD, Conn. – Gov. Jodi Rell yesterday signed the state’s credit union student loan bill into law, creating a partially guaranteed low-rate loan for the state’s college students.
So far 24 credit unions have signed on to the program, which is open to all students who live or go to school in Connecticut
The loans are 20% guaranteed by the Connecticut Health and Education Facilities Authority.
IDScan.net removed the pages naming its bank and credit union integrations after KrebsOnSecurity traced 153 million license scans to the company.
A consortium of international FIs are planning to issue a U.S. stablecoin in early 2027; London-based OpenPayd has entered the U.S. through its acquisition of MSB USA; the U.K. fined Citi £4.7 million ($6.3 million) for hundreds of transactions in breach of sanctions against Russia; and more in this week's banking news roundup.
The controlling owner of Santa Fe-based Century Financial Services Corp. wound up in bankruptcy court. Now his 71% stake is on the verge of being sold to an Oklahoma bank.
Swift's network of 11,500 banks can exchange deposit tokens in a standardized way.
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
OnePay's My Garage combines payments and financial information as it continues to build out a financial app.
