DES MOINES, Iowa-The Iowa CU League has received a $257,920 grant from the Assets for Independence Individual Development Account Program to help fund CU IDA accounts. The grant makes a total of $1.2 million the league will be providing in matching funds for its IDA program. The additional funds have allowed the league's foundation to expand the program to an additional nine credit unions, bringing the total number of credit unions participating to 18, reaching 91 of Iowa's 99 counties.
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The group behind the proposed Georgia Skyline Bank says recapitalizing a 24-year-old Virginia bank offers a faster path to success than a new charter would.
September 4 -
IDScan.net removed the pages naming its bank and credit union integrations after KrebsOnSecurity traced 153 million license scans to the company.
September 4 -
A consortium of international FIs are planning to issue a U.S. stablecoin in early 2027; London-based OpenPayd has entered the U.S. through its acquisition of MSB USA; the U.K. fined Citi £4.7 million ($6.3 million) for hundreds of transactions in breach of sanctions against Russia; and more in this week's banking news roundup.
September 4 -
The controlling owner of Santa Fe-based Century Financial Services Corp. wound up in bankruptcy court. Now his 71% stake is on the verge of being sold to an Oklahoma bank.
September 4 -
Swift's network of 11,500 banks can exchange deposit tokens in a standardized way.
September 4 -
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
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