MONTPELIER, Vt. – Vermont State Employees CU has signed with uMonitor to implement the company’s uOpen & uFund and uTransfer solutions.
The company said the solutions will integrate seamlessly with the Open Solutions’ DNA core processor used by the $475 million credit union.
uMonitor is based in Memphis, Tenn.
The investment is expected to bring a 40% increase to Chase Home Lending's mortgage capacity, with the addition of 850 new advisors, the company said.
The neobank is the latest fintech to file a de novo trust bank charter application ahead of the GENIUS Act formally taking effect.
The CLARITY bill is still on Congress's to-do list before their summer break, but some of the more unusual provisions are causing a hold-up.
At a time of rapidly rising prices, a number of credit-card companies are offering perks for buying gas, groceries and other basic necessities. The cards represent an opportunity for issuers, but also potential pitfalls.
CISA's updated standard asks vendors for every component in their software, including borrowed code. Two researchers say today's tools can't produce it.
In line with broader trends, the GSEs have been putting new limitations on forbearance and putting more of an emphasis on mods.
