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NCUA on Tuesday said it is partnering with the Missouri Division of Credit Unions and the Mississippi Department of Banking and Consumer Finance to work with federally insured credit unions affected by the recent severe storms and flooding in the two waterlogged states.
January 7 -
Sen. Richard Shelby's bill changing how regulators gauge if a bank is "systemic" would refocus post-crisis policy on institutions that pose the greatest threat.
January 7
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ST. PETERSBURG, Fla. PSCU, a CUSO that provides payment processing and card program marketing services to its 800 owner credit unions, announced on Wednesday that it issued a patronage dividend of $36.5 million for its 2015 operations.
January 7 -
American Airlines Federal Credit Union on Tuesday said it paid a bonus dividend of more than $12 million to qualifying members on Dec. 19, 2015
January 7 - PH
B of A Unit Probed for Tax Trades; Morgan Stanley Succession Plan
January 7 -
In the war on cash, Canada doesn't hold a candle to Sweden, where bills and coins are used for less than 5% of retail transactions, or Denmark, which plans to eradicate cash by 2030. But recent research suggests Canada is quickly closing the gap as its rate of contactless payments is soaring.
January 7
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It's a precarious time for security at gas stations, many of which are taking advantage of the two-year grace period they received for EMV card acceptance when the rest of the bank and retail world faced a 2015 deadline.
January 7 -
It is rumored that the word fintech was first used by the Sunday Times in 1985. That case is almost certainly an outlier but since 2013, fintech has been hard to escape.
January 7
Cryptomathic -
Washington-- Banking industry officials hailed changes to a Financial Accounting Standards Board rule that they have long complained unfairly distorts banks' quarterly earnings.
January 6 -
Many remain skeptical of the blockchain because it is associated with bitcoin. Eyes glaze over at the details of how it works. Applications for the average bank seem to be distant still. If this is how you think about the blockchain that is, when you think about it at all expect to be paying far closer attention soon.
January 6
