AUSTIN, Texas - (02/22/06) -- Velocity CU said it is introducingaccount services for business customers, one of the first creditunions to offer the service. The credit union will offer threetypes of accounts: a free business checking account for up to 50checks; an account that offers up to 150 free checks a month for aminimum balance of $5,000; and unlimited free checking for abalance of $15,000. Velocity is targeting small business with up to17 employees with average deposits of up to $64,000.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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