AMES, Iowa - (02/27/06) -- Greater Iowa CU said last week ithas sold its credit cards portfolio to US Bancorp's Elan FinancialServices unit, which will manage and market the credit union'scards program under an agent contract. The portfolio had more than3,900 accounts and $6.5 million in receivables. Greater Iowa CU,formerly known as ISU Community CU, has $202 million in assets andis the state's sixth largest credit union.
Banks say the cost and complexity of anti-money laundering compliance — including enhanced due diligence and filing suspicious activity reports — is a major barrier to serving cannabis-related businesses.
The Financial Services Sector Coordinating Council's idea for describing data and its sources is starting to take off.
The deal announced Monday would diversify EverBank's higher-cost funding model, and it would accelerate WaFd's transition away from its roots as a traditional thrift.
Rebecca Kelly Slaughter's firing from the Federal Trade Commission spurred a lawsuit that led to the Supreme Court overturning Humphrey's Executor and ending agency independence. Slaughter says she will continue to work on consumer protection issues.
Tazapay's last-mile infrastructure will help Circle expand its own infrastructure and USDC distribution in the Asia-Pacific region and emerging markets, where demand for USDC-denominated transactions is growing.
A consumer inflation expectations survey released Tuesday showed households expect inflation to be 3% or higher through at least the next five years.
