WASHINGTON - (09/07/05) -- More than 400 elderly veterans fromGulfport, Miss., are getting acclimated at a new home in thenation's Capitol, where they were transported after last week'shurricane, thanks to assistance from Pentagon FCU. The Pentagon FCUFoundation is buying refrigerators, wheelchairs and clothing forthe elderly veterans, who were moved to the Soldiers and SailorsHome in Washington, D.C. The nation's fourth-largest credit unionis working to raise $60,000 through its charitable arm to financethe post-hurricane assistance, according to Margot Szeliga,spokesman for the credit union. The credit union, which ran anational ad with Navy FCU in USA Today last Friday offeringassistance to affected areas, has also taken a number of steps toease the financial burden on members in the three affected states.They are: extended payment schedules; low interest emergency loans;waiving prepayment penalties on early withdrawals of CDs;refinancing of car and home loans at 100% loan-to-value ratio; andallowing affected members to skip a payment on loans.
-
As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3