SAN ANTONIO, Texas - (01/06/05) -- Security Service FCU said it istasking its leading indirect lending program to CU Direct Lendingof California. Security Service FCU, which said it averages morethan $100 million of car loans a month in Texas and Colorado, hasgone life with CU Direct's Decision App lending platform. Prior tojoining CU Direct, the $3.5 billion credit union faxed transactionsto dealers.
The digital bank launched Big Business Banking, an interface for businesses to manage fiat and crypto assets in the same place and conduct 24/7 transactions.
Banks have a lot to celebrate in the operational risk framework, but advocates warn it cuts capital too far.
The largest banks in the country each warn employees against using confidential information for trading activities, but they don't specifically enumerate prediction markets or events contracts. Now, oversight of insider trading on such platforms is gaining traction.
Recent double-pledging scandals in auto lending and the U.K. put U.S. mortgage lenders on alert. Here's what to watch and how MERS, e-notes and electronic vaults can help.
As the CFPB reconsiders its open banking rule, banks and fintechs are locked in a bitter battle over who will pay for the new digital infrastructure.
Hope Bancorp's acquisition of a business that serves Japanese companies should complement its historic focus on Korean business owners.
