SAN FRANCISCO - (01/19/06) Patelco CU said Wednesday ithas begun offering its members tax-deductible Health SavingsAccounts. The Patelco HSA features a 5.12% annual percentage yieldwith a 5% rate and has no fees for the first year. It has a lowopening balance of just $5. Funds are accessible through an HSAdebit card or through HSA checks. The annual fee is $12 after thefirst year.
While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.
As banks consider their strategies, other big names are also considering a role for digital assets.
The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.
