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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Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
December 12 -
Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
December 12 -
In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
December 12 -
Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
December 12 -
The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.
December 12 -
Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
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