Vantage Credit Union of St. Louis agreed to offer its members electronic bill payment services from iPay Technologies LLC.
iPay, of Elizabethtown, Ky., announced a five-year agreement Wednesday with the $532 million-asset Vantage, which has more than 100,000 consumer and small business members.
About 2,700 financial institutions use services from iPay, which focuses on online bill payment for community banks, the vendor said.
Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.
Tests of models from OpenAI, Google and others found their advice tends to disadvantage names commonly associated with racial minorities and women.
Federal Reserve Governor Michelle Bowman said she believes there is a feasible path forward for the revised capital reform proposal, emphasizing the importance of making broad changes informed by industry feedback to achieve broad consensus among Federal Reserve board members.
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
The Office of the Attorney General in New York says the bank violated the state's Exempt Income Protection Act, illegally transferring customers' money to debt collectors.
