CHETEK, Wis. - (02/10/05) -- Heritage CU has introduced a newprogram to make loans to people with either subprime credit historyor no credit history at al. The 'creditwise' program providesmembers with a copy of their credit report, which is then evaluatedwith a loan officer, who then counsels the member on how to rebuildtheir credit. Then the credit union arranges loans at the lowestpossible rates and monthly payments. The program is aimed atproviding an alternative to high-cost finance companies and paydaylenders, and educating the members on making smarter financialdecisions.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3