NASHVILLE, Tenn.-Volunteer Corporate CU has formed a partnership with Sallie Mae to offer the Smart Option Student Loan program to member CUs. Sallie Mae said with the Smart Option Student Loan, students pay interest while in school and graduate with less debt compared to other longer-term private loan alternatives in which no payments are made until after graduation. A typical freshman can save 30% to 50% on finance charges over the life of the loan.
The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
