NAFCU Services Corp., the NAFCU-owned CUSO, has selected Pentegra Retirement Services as its preferred provider for qualified retirement plans, like 401 (k) plans and other defined benefit plans. Pentegra, based in White Plains, N.Y., has over $3 billion in Employee Retirmenet Income Security Act-qualified assets under management and serves more than 500 financial institution sponsors. The 60-year-old company provides a wide variety of retirement products including 401 (k), KSOP, ESOP and Defined Benefit Pension and Profit Sharing plans.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
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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.
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Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
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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.
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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?
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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.
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