PURCHASE, N.Y. – Quorum FCU said it has converted its 23,850 electronic banking accounts to the PSCU Financial Services platform.
Quorum is a $600 million credit union with almost 50,000 members.
If the Federal Reserve really wants to control inflation, it first needs to control people's expectations.
Four and a half years after SoFi acquired a bank, it landed 47th on the list of largest U.S. banks by deposits.
The federal banking regulator issued conditional approvals for national trust bank charters for Bastion Platforms, Agora and Catena Labs on the same day.
The Federal Reserve's vice chair outlined the ongoing modernization efforts for the central bank's lending facility of last resort, including coordination with the Federal Home Loan Banks.
A new bill introduced by Sen. Katie Britt, R-Ala., would boost efforts to index bank regulatory thresholds in the Senate Banking Committee, where most of the focus to date has been on stablecoin and crypto.