CHICAGO - (10/15/04) -- Several area credit unions havejoined with Family Credit Counseling Service to offer freeeducational classes for the unbanked or people who trouble managingtheir own finances. The credit counseling group's 'Get Checking'program helps train unbanked consumers in managing bank/creditunion accounts, while offering them the chance to open an accountdespite past financial misdeeds. Once a consumer completes theprogram, passes and exam, and pays any restitution they owe, theybecome eligible to open an account with any of the participatingfinancial institutions. Among the participants in the Chicago areaare Citizens Equity First CU (CEFCU) and Members AllianceCU.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
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The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
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Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
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Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
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The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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