PARIS ISLAND, S.C. - (08/18/04) Navy FCUs Parris Island memberservice center has been named by the Department of the Navy as the"Best Credit Union of the Year" for 2003. Twenty-six of NavyFederals member service centers were nominated for the awardthis yeara record-breaking number of nominations for thecredit union; last year 23 of its member service centers werenominated
As the CFPB reconsiders its open banking rule, banks and fintechs are locked in a bitter battle over who will pay for the new digital infrastructure.
Hope Bancorp's acquisition of a business that serves Japanese companies should complement its historic focus on Korean business owners.
The Department of Justice is seeking court approval to immediately fire more than 600 employees, slashing the CFPB's workforce by 53%.
Australia's national Payments Systems Board has decided to remove surcharges on prepaid, debit and credit cards for electronic funds transfers, while lowering the cap on interchange fees. Also, Wells Fargo is seeking banks for its international payment network, and more in American Banker's global payments and fintech roundup.
The exit highlights the steep challenges and high customer acquisition costs foreign fintechs face when entering the U.S. banking sector.
Federal Reserve Gov. Michael Barr said Wednesday that his dissents over the past year on proposed regulatory changes reflect concern that oversight of banks could be significantly weakened.
