APPLE VALLEY, Minn. - (03/30/04)-- NWA FCU has created a newdivisionWings Financial FCUto reach out to allairline employees under the TIPS charter it received in December.Primarily serving employees of Northwest Airlines, its expanded FOMis open to the entire airline industry. "We were finding that otherairline employees werent comfortable doing business withNWA; it felt like being in business with a competitor," explainedNWAFCUs John Wagner. "Wings Financial Federal Credit Unionis a distinct but complementary brand." NWAFCU has been in atrademark dispute with Northwest Airlines ever since the sponsorcompany asked the credit union to pay naming fees to retain theNorthwest-related name last spring (CUJ Daily 04/29/03), but Wagnersaid the new WFFCU brand is not related to the dispute but theexpanded membership. All members will be able to use both NWAFCU-and WFFCU-branded facilities interchangeably. The first Wingsfacility opened at the Minneapolis/St. Paul International AirportMonday.
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Firing 90% of the Consumer Financial Protection Bureau's staff and stripping it down to "the statutory studs" is lawful, an attorney for the CFPB told an appeals court.
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The merger, which provides for $6.75 million in payments to three Space City Credit Union executives, had drawn criticism. But Space City members approved it by an 82% to 18% margin.
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Standard Chartered Bank hired a new head of digital assets, Europe and Americas; Provident Financial Holdings has a new chief financial officer; Bank of America is opening four branches in Boise, Idaho; and more in this week's banking news roundup.
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Bribed overseas contractors accessed internal systems, triggering a monthslong breach with costs reaching up to $400 million.
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In a dramatic move, conservative hardliners blocked President Donald Trump's tax and spending bill, which would have included many measures favored by banks.
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The payment company's restructured Genius point of sale system is designed to cover all types of merchants to keep them away from other processors and fintechs.
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