ST. LOUIS -
The league’s board voted last week to change the dues formula, which will result in up to a 17% reduction for some credit unions.
MCUA CEO Rosie Holub said the measure is a response to the economic pressures credit unions are up against and that the league could well afford the reduction in dues as it is adequately capitalized.
For info: www.mcua.org.
Gas prices are rising as a large swath of consumers are already under pressure, which could eventually affect demand for credit.
The share of American households considered "financially vulnerable" rose to 17%, the highest level since at least 2018, according to the nonprofit Financial Health Network.
The bank was determined, by multiple industry rankings and experts, to be the best mobile banking provider in the U.S.. Bank of America took second place.
Succession planning experts say that the possible next generation of RIA owners need clear communication, tangible career paths and thoughtful compensation plans. But that is often easier said than done.
The move came 12 days after Canada's bank regulator said tokenized deposits are not legally distinct from ordinary deposits.
Bank of America, Capital One and other large banks have teamed up to publish a set of principles for agentic commerce. But the call for a set of standards from banks comes as other fintechs and payment companies are already forging ahead with the technology.
