CHAMBERSBURG, Pa. – Patriot FCU said it paid its 41,000 members a Membership Bonus Dividend for the second straight quarter. The $200,000 second quarter payout follows a $500,000 bonus for the first quarter. The bonuses were credited to members accounts July 1 and amounted to 10% on prime membership shares accounts beginning April 1 and ending June 30; and 5% on qualifying loan interest payments for the same period.
The trends of big profits, consolidation and slow organic growth are creating a lot of contradictions with the pay of financial advisors and other RIA staff members, according to The Ensemble Practice's annual tracking study.
From shopping for better interest rates to tax strategy to cash flow, financial planners can play a vital role in helping clients prepare to take out a mortgage.
The Federal Reserve governor who oversees the central bank's payments operations said artificial intelligence could improve efficiency and security while also posing new risks.
A federal judge refused to throw out FirstBank Puerto Rico's effort to dismiss a high-stakes lawsuit over its alleged connections to Jeffrey Epstein's human-trafficking network.
The legislation would let merchants, as well as banks and credit unions, round cash transactions to the nearest nickel, part of the administration's effort to discontinue the penny.
Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.
