MONTVALE, N.J. - (01/17/05) -- Members of Paragon FCU will have allthe advantages of the modern age of financial technology in thecredit union's glistening new headquarters. Situated at 100 ParagonDr.--named so long before the credit union's move from nearbyWestwood--the 100,000 square-foot offices feature all the trappingsof a modern financial services providers--high tech tellerstations, flat screen video panels, as well as amenities like anInternet cafe and children's play area. The $400 credit union,chartered in 1936 by a group of local teachers, spent more than $17million for its new digs, where it will house some of its far-flungoperations, like ATM sales, loan participation brokering, and thesoon-to-debut check cashing.
-
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
38m ago -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
52m ago -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
2h ago -
The state's comptroller of public accounts is one of several notable non-depositories with access to the Fed's payments system, along with the Chicago Mercantile Exchange and the Tennessee Valley Authority. So why do they have accounts while some neobanks don't?
2h ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
2h ago -
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
5h ago