GREEN BAY, Wis. - (08/02/04) -- Pioneer CU said it has joined alocal Smart Transit Initiative which will allow it to offer morelenient mortgages to homeowners living near public transit lines.Under the local program, one of many developed by Fannie Mae aroundthe country, a homebuyer who buys a house within a quarter-mile ofthe bus route will be allowed to borrow more for a mortgage. Theidea is that borrowers who use public transportation save more oncommuting, providing them with more income to pay a mortgage. GreenBay Metro, a partner in the program, will provide two free monthlybus passes, then half-price passes for four months. Credit unionsin North Carolina, Georgia, Wisconsin and Michigan areparticipating in similar Smart Commute programs.
-
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