Employees at three credit unions here-Cabrillo, Carlsbad City and Sharp CU-have donated $5,000 that had been earmarked for an annual holiday party to Habitat for Humanity to support hurricane relief efforts. Cabrillo CU CEO Robin Lentz said the idea was suggested by one of its employees. "I am so pleased that I have employees who would give up their annual party to help others," said Lentz. In addition, six branches of the three partner CUs also asked members for donations to the Red Cross, raising another $5,400 in the process.
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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