Consumers with health savings accounts administered by WageWorks now have some new investment options: mutual funds from a PNC Financial Services Group unit.
WageWorks, of San Mateo, Calif., said Tuesday that it had added low-cost funds from PFPC of Wilmington, Del., as options. The funds have low investment minimums and no transaction fees, it said.
HSA participants in WageWorks plans can also invest in an FDIC-insured bank account, which they can tap in several ways, including by debit card.
Firing 90% of the Consumer Financial Protection Bureau's staff and stripping it down to "the statutory studs" is lawful, an attorney for the CFPB told an appeals court.
The merger, which provides for $6.75 million in payments to three Space City Credit Union executives, had drawn criticism. But Space City members approved it by an 82% to 18% margin.
Standard Chartered Bank hired a new head of digital assets, Europe and Americas; Provident Financial Holdings has a new chief financial officer; Bank of America is opening four branches in Boise, Idaho; and more in this week's banking news roundup.
Bribed overseas contractors accessed internal systems, triggering a monthslong breach with costs reaching up to $400 million.
In a dramatic move, conservative hardliners blocked President Donald Trump's tax and spending bill, which would have included many measures favored by banks.
The payment company's restructured Genius point of sale system is designed to cover all types of merchants to keep them away from other processors and fintechs.
