WICHITA, Kan. – Students at Southeast High School can open a savings or checking account, use their debit card or apply for a zero-interest laptop loan at school, thanks to the city’s first in-school credit union branch opened by Credit Union of America.
The credit union’s new Buffalo Branch is named for the school's mascot and is providing students with credit cards featuring the mascot.
Students 15 and older can open a savings account with as little as $5. Most other accounts, including checking and debit savings accounts, require a parent or guardian's signature.
Students 16 and older can start a checking account without a parent or guardian's signature if they complete an online tutorial and pass a test.
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The group behind the proposed Georgia Skyline Bank says recapitalizing a 24-year-old Virginia bank offers a faster path to success than a new charter would.
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IDScan.net removed the pages naming its bank and credit union integrations after KrebsOnSecurity traced 153 million license scans to the company.
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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.
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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.
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Swift's network of 11,500 banks can exchange deposit tokens in a standardized way.
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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.
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