SYCRACUSE, N.Y - (08/25/04) -- Seeking to boost outstandingbalances in its card portfolio by one-third before year-end, EmpireFCU has rolled out a new card promotion offering a 1.99% rate onbalance transfers for new cardholders, and instituted a new rewardsprogram. It has further looked to cut expenses by moving all of itsVisa credit cards to Platinum platform. The goal is to increaseoutstanding balances from $14 million to $21 million by the end ofthe year. The rewards are being offered through the CURewardsprogram from St. Petersburg, Fla.-based PSCU FinancialServices.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
September 17 -
Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
September 17 -
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
September 17 -
The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
September 17 -
State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
September 17