United Heritage Credit Union, Austin, Texas, on Tuesday said it has launched a new insurance company known as UHCU Insurance Services, LLC.
The $880 million credit union said UHCU Insurance Services now is operating as a credit union service organization (CUSO) of United Heritage Credit Union, in association with Alloy Insurance Partners.
Current UHCU Insurance offerings include auto, home and business insurance. Officials said expansion into other areas is planned for the near future.
A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
The nation's largest bank is planning to implement fees for access to data that has traditionally been provided free of charge. Data aggregators and fintechs accused JPMorgan of exploiting regulatory uncertainty and raising prices for consumers.
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
The buyer said its $70 million cash-and-stock deal for Farmers State Bank will boost its presence in the northeast section of Ohio, and provide plenty of low-cost deposits
Cyber firms are teaming up with cloud providers to build faster, smarter AI-powered defenses.
Historically high interest rates and falling late-payment rates suggest that credit card issuers are tightening their underwriting standards amid economic uncertainty.
