NetSpend Corp. of Austin, a marketer of prepaid debit cards, has teamed up with Virgin Mobile USA LLC to offer such cards to teenagers.
Inter National Bank of McAllen, Tex., will issue the reloadable Stash cards, which reward use with free airtime on Virgin Mobile's wireless phones. The Warren, N.J., carrier, a joint venture between the British mogul Richard Branson's Virgin Group and Sprint Nextel, was created in 2002 to cater to young people. The Stash card was announced Monday.
The neobank filed for an initial public offering on Tuesday shortly after announcing a new office lease in New York City.
Average Americans are souring on their own financial health, according to a New York Fed survey. That includes their ability to pay off their debts.
Serious delinquencies on student loans jumped tenfold at the start of 2025, shortly after lenient pandemic-era policies came to an end. The greater pressure on consumers' wallets is a cause for concern at banks that rely on borrowers' ability to repay their debts..
New York State Gov. Kathy Hochul has codified how buy now/pay later lending will operate in the state, taking a heavier hand as the Consumer Financial Protection Bureau loosens its grip under President Trump.
Richmond, Virginia-based Atlantic Union is still integrating its recent acquisition of Sandy Spring Bank in Maryland. But CEO John Asbury has already begun plotting a new expansion course.
Tentative appointments at the Federal Deposit Insurance Corp. and the Federal Reserve have compliance officers reading the tea leaves for future policy plays.
