The Utah Bankers Association has made an $11,000 grant to help, of all things, a tiny credit union. The UBA donated the funds to the $861,000 UCB CU, which serves the blind and visually impaired in Utah. The credit union has 250 members and says it will use the funds to pay for a new computer system, printer and office supplies. Credit unions in the state have also come to the assistance of UCB CU in the past, including the Utah league and America First CU, which donated all of UCB CU's fireproof cabinets.
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Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
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Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
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The fintech sponsor bank plans to offer digital asset services.
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The Museum of American Finance opened a free, Smithsonian-affiliated home in Boston's Seaport on Friday, betting it can make money history stick.
July 2 -
The Alabama company has a long history of absorbing smaller firms with special skills. Acquiring the investment bank Frazer Lanier, an analyst said, is another example of that strategy.
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