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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The government MBS guarantor ended a 15-day advance notice mandate for extensions on a filing deadline so those with a March 31 due date can still ask for one.
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The federal court rejected Flagstar's attempts for both a panel rehearing and an en banc hearing to overturn California's interest on mortgage escrow rule.
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Banks must plan to support decentralized finance without disturbing their existing businesses. That's easier said than done.
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The Treasury's financial crimes enforcement wing proposed a rule Monday that would incentivize whistleblowers to come forth with information that could assist in cracking down on scams, fraud or money laundering, at a time of heightened geopolitical risk.
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Federal Reserve Chair Jerome Powell said the central bank is cautiously monitoring consumer sentiment as tensions from the Iran war push energy prices higher, complicating efforts to bring inflation down to the Fed's target.
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Can banks win at agentic commerce? What's next for real-time payments? And where are mobile wallets headed? The industry's top experts will dive into these issues at American Banker's Payments Forum from May 4-6 in San Francisco.
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