Members of A.E.A. FCU are showing off their new Visa check cards with visages of their hometown, thanks to a joint project between the credit union and the Yuma Community Marketing Group, the local tourist center. The partners created three card designs members can choose: "Yuma Adventures," "Yuma Paradise," and "Yuma Arts & Entertainment," which showcase the area's natural beauty and culture. The Yuma Adventure card depicts a colorful sunset. Yuma Paradise features the pictures of the desert. And Yuma Arts & Entertainment has pictures of the city's historic theater, ballet and downtown Yuma.
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In line with broader trends, the GSEs have been putting new limitations on forbearance and putting more of an emphasis on mods.
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A new survey found artificial intelligence was a top compliance-related priority for 85% of firms responding, while cybersecurity was only a concern for 37%.
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Digital lender Chime and Visa this week became the latest firms to cite AI as part of a downsizing. While bots usually aren't directly replacing workers, machine learning changes customer access to financial products in a way that's increasingly making some work less necessary.
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Fincen's Andrea Gacki will join Citi as global head of sanctions, BBVA promoted Gonzalo Rodríguez to chief financial officer, HDFC Bank penalized three senior officials for their role in a controversial deposit arrangement, and more in this week's banking news roundup.
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A recipe of no securities, mostly adjustable-rate loans and a cheap rural deposit base made the Texas bank the top performer in the $2 billion-$10 billion asset class.
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"Increase Bank is the bank I needed at Stripe," CEO Darragh Buckley said as he announced the rebrand of a community bank he acquired last year.
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