WOODLAWN, Md. - (12/08/04) -- SSA Baltimore FCU said demand forits 'Whatever Loan,' aimed at financing whatever the member wanted,soared in the third quarter. The product, billed as 'Whenever,Whichever, Wherever Instead of However There's Now AWhatever,' was broadly promoted through the credit union'snewsletter, direct mail, website, radio stations, e-mail blasts,fax broadcasts to select employee groups, and at ATMs. The productwas a special $5,000 signature loan priced as low as 7.99% for aterm of 24-months. Borrowers were also eligible for a $500 prize,including a vacation, gift card from Lowe's or from OfficeDepot.
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While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
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The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
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GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.
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As banks consider their strategies, other big names are also considering a role for digital assets.
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The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
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Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.
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