ONTARIO, Calif.-DU Direct Corp. said it has signed three more CUs to its CU Direct Lending platform. Oklahoma Central CU, Aloha Pacific FCU and Charter Oak FCU will be integrating their back-office processing and loan origination with CUDL's platform. Two others, Sandia Laboratory FCU and Franklin Mint FCU, have also signed a partnership agreement with CUDL to implement its AutoSMART program. Those two credit unions will employ the AutoSMART program to help extend their brand and member offerings by providing members with a wide-range of online vehicle research tools, as well as access to dealers and their inventories.
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The Bureau of Economic Analysis reported that the personal consumption expenditures, or PCE, price index rose 3.7% from a year earlier, indicating that inflation remains above the Federal Reserve's target.
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As the big tech firms step up their financial services outreach to the next generation, payment professionals say banks shouldn't be complacent about cultivating younger customers because they'll lose them.
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With its Digital Managed Solutions robo advisory service, Edward Jones is moving into territory already occupied by Fidelity and Vanguard. But it's building the offering on one of its greatest strengths: its network of branch advisors.
August 25 -
Cogent Bank has tapped an industry veteran to lead a new unit focused on ensuring high-net-worth clients can smoothly transfer assets to their heirs.
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The New York City-based credit union is planning to roll out the technology as more consumers turn to large language models to help manage their finances and hopes it will eventually provide more insight into its members.
August 25 -
As clients consider when to claim Social Security, an advisor proposed a strategy to maximize tax-free retirement income using certain benefits and senior deductions.
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