COUNTRYSIDE, Fla. - (01/18/05) -- Members at Eastern Financial FloridaCU will be able to talk with their teller on a 10-inch video screenand exchange transactions via pneumatic tube like drive-thrucustomers--but just not live in the credit union's newest high-techbranch. Aimed at deterring robberies, while improving efficiency,the $1.6 billion credit union is installing the virtual system,known as Xpress Teller, at new branches across the state. TheCountryside branch, one of 17 area financial institutions robbedlast year, also features other high-tech amenities, including anInternet Cafe for online banking and access to the safe depositboxes via biometric handprint-recognition technology.
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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
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