SEATTLE – Three credit unions are rolling out a prepaid card program geared towards capturing unbanked and under-banked consumers. Connection CU, Verity CU and Waterfront CU are offering the card through Member Access Pacific’s Prepaid Card program. The Member Access Pacific Prepaid Card is reloadable up to three times, and credit union members and businesses may reload either online or at any credit union branch. The card can reload up to $1,000 each day per load, but credit unions have discretionary control over where they want to set the maximum load value for reloads.
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Home value fell in real terms, as inflation ran 1.5 percentage points above price growth, down slightly from 3.5% in June, according to the Case-Shiller index.
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The Federal Reserve voted 6-1 to finalize its proposed stress test reforms, including seeking input on stress test scenarios and models annually and averaging results over two years.
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After Congress passed a bill speeding up its demise, the penny will be more curiosity than currency.
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The Federal Reserve's preferred measure of inflation came in lower for August than it had in earlier months, but a recent methodology change raises questions about the strength of the signal.
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A federal indictment names Bank of America, M&T and seven other banks and credit unions, and quotes the texts that got deposits past their fraud controls.
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Amid political pushback around ESG, Climate Week panelists say firm leaders should focus less on the label and more on the risks that matter to clients.
September 29








