ERIE, Penn. – Erie General Electric FCU has begun offering its members Intuit Financial Services’ FinanceWorks, an online financial management solution aimed at providing members a more complete and easy way to budget, gain control over their spending, manage debt or student loans, and save.
Gail Cook, President and CEO of EGEFCU, noted that FinanceWorks aggregates account information from other providers, allowing members to see a complete overview of their finances.
Fintech founder Randy Fernando launched his latest startup, an AI-focused software provider for banks called Maximum, with $30 million in seed funding.
The Treasury's financial crime prevention arm said the Swiss firm's U.S. brokerage wing largely ignored a 2018 consent order to clean up its anti-money-laundering processes, leading to the historic settlement announced early in August.
Mark Paoletta, the Consumer Financial Protection Bureau's chief legal officer, has taken over as the agency's acting director. Russell Vought's term ended Aug. 1.
The investment is expected to bring a 40% increase to Chase Home Lending's mortgage capacity, with the addition of 850 new advisors, the company said.
The neobank is the latest fintech to file a de novo trust bank charter application ahead of the GENIUS Act formally taking effect.
The CLARITY bill is still on Congress' to-do list before their summer break, but some of the more unusual provisions are causing a hold-up.
