Credit Union ONE has reached an agreement with Oakland University to be its exclusive on-campus financial service provider. The credit union plans to offer an enhanced identification card for students, faculty, and staff called the SpiritCard Plus, which has ATM and MasterCard debit capabilities. It will also function as a building admittance key and library card as well as access card for purchases at the university's dining and retail centers, and bookstore. Cardholders can also use the SpiritCard Plus to perform PIN- and signature-based debit transactions. Other plans call for Credit Union ONE to open a branch on-campus and to co-brand a website and marketing materials.
-
The regulator signed off on the transaction just two months after the banks applied to merge.
7m ago -
The Department of Justice wants Federal Reserve Chair Jerome Powell to state if the central bank is profitable again and can, therefore, fund the Consumer Financial Protection Bureau.
2h ago -
The Financial Services Forum, which represents the largest U.S. banks, formed a new 501(c)(4) advocacy group to amplify big banks' policy preferences, a move that could counter the crypto industry's growing political influence.
3h ago -
New research from American Banker explores how bankers predict stablecoins, subprime credit, cyber security and other factors will shape the industry at large.
3h ago -
Federal Reserve Gov. Christopher Waller said monetary policy must remain insulated from political pressure, arguing that communication with the White House should be limited. Waller is slated to meet with President Trump Wednesday afternoon.
4h ago -
Bank groups, crypto firms and regulators are divided over whether fiduciary digital-asset custody fits naturally within the national trust charter model — or whether, as critics argue, the agency is quietly reinventing the charter.
9h ago





