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WyHy Federal Credit Union and Western Vista Federal Credit Union have formed a managing CUSO known as UProsper Services Group, LLC, which they said will allow the CUs to collaborate as equal partners on a number of joint ventures.
June 4 -
MetLife Chief Financial Officer John Hele said financial watchdogs failed to define what they mean by systemic before working on new rules for companies that are designated a risk to the financial system.
June 4 -
RPM Mortgage and its chief executive are facing $20 million in fines on allegations that the company violated the loan originator compensation law enforced by the Consumer Financial Protection Bureau.
June 4 -
American Express Co. has to spend more on its credit-card rewards program if the lender wants to remain competitive with Visa Inc. and MasterCard Inc. products, according to Nomura Holdings Inc.
June 4 -
Qiwi, a Russian payment services company is working with Beeline Russia to allow its customers access to Qiwi's digital wallet service.
June 4 -
Fifth Third Bancorp's new advanced cash-vault product is being rapidly adopted by the bank's clients, the Cincinnati Business Courier reported.
June 4 -
Central Pacific Financial in Honolulu has named Catherine Ngo chief executive and also appointed a new chief financial officer.
June 4 -
Pinterest is the latest social media platform to announce plans to monetize the products pictured on its browsing app through a buy button powered by Stripe.
June 4 -
Bank of America has been sued by military veterans who say the bank charged them excessive interest rates while they served in Iraq, the Triangle Business Journal reported.
June 4 -
In the wake of a report that the Financial Crimes Enforcement Network has identified more than 50 credit unions at risk of serving as a conduit for money laundering activities, the CU trades and regulators alike were scrambling to respond to what the NCUA suggested could be a "regulatory blind spot."
June 4
