BROOMFIELD, Colo.-Community Financial CU introduced a "member bonus program" that will pay members a total of $250,000 later this month. Members will receive checks from $5 to $1,100 based on interest and dividends earned on their accounts, as well as interest they paid on loans at the credit union.
The credit union plans to give back as much as $1 million to members over the next five years.
FinCEN and four banking agencies cleared mobile driver's licenses for customer identification. The question is, can banks read them?
Volume on a rail for AI agents to make transactions has fallen 93% in 2026 while related startups flood the market, suggesting technology is developing faster than demand. But payment experts say there's still a very bright future for shopping and checkout via advanced forms of AI.
Bankers are largely downplaying the impact of the Federal Reserve's interest rate increase. Some said this week that the quarter-point hike could be good for near-term profitability.
With three years of market appreciation buoying most advisors' revenue generation, Morgan Stanley says: Produce a bit more or see a small pay cut.
Credit Acceptance Corp. has agreed to provide $710 million in restitution and debt relief to resolve allegations of predatory lending by 41 state attorneys general.
The South Korean automaker's credit card subsidiary completed two proof-of-concept transactions that used stablecoins to move funds between subsidiaries in the U.S. and Mexico without a bank. Next, Hyundai Motor will test if the technology can be used as the backbone of its global treasury infrastructure.
