ST. PETERSBURG, Fla. - (12/08/04) -- PSCU Financial Services said Tuesdayit has introduced a new electronic credit card statement deliverysystem. The system, called PayLynx Statement Source, is powered byCheckFree's iSeries software. The new system, which was introducedin a pilot with 13 credit unions, allows cardholders to choose toreceive a credit card statement through a credit union-brandedPayLynx site or CheckFree direct bill payment site. Enrolledcardholders receive an email notification when their online creditcard statement is available. The email contains a brief summary,with an embedded link leading to a more detailed page.
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The federal banking agency has conditionally approved Mission Lane's request for a limited-purpose credit card bank charter.
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The Federal Reserve and Federal Deposit Insurance Corp. said they have doubts about the feasibility of American Express' resolution plan, yet issued no formal deficiencies with theirs or any of the other 14 other large banks' resolution plans reviewed.
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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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