Fintech

HAMPDEN, Maine — Maine Savings Federal Credit Union, a $296-million institution based in Hampden, Maine, has witnessed an astonishing 63% surge in net new checking accounts after introducing its "RedWallet" checking product in June of 2014.

Stonegate Bank in Pompano Beach, Fla., has begun offering a MasterCard debit card for use by U.S. citizens while traveling in Cuba.

In an effort to crack down on consumer fraud, the Federal Trade Commission announced Wednesday that it will ban telemarketers from using four payment methods that are frequently abused by scam artists.

Charles Cawley, who founded MBNA and built it into an affinity credit-card empire that was sold to Bank of America for $35 billion, has died. He was 75.

Credit unions are less sanguine about the economy according to Catalyst Corporate's most recent CEO Confidence Survey.

Volkswagen AG's "goodwill gesture" of $1,000 worth of gift cards to owners of cars with engines that pollute more than the law allows is helping the company identify those autos when it comes time to fix them, Audi of America President Scott Keogh said Tuesday.

The American Action Network's provocative television commercial introduced millions of Americans to one of the most powerful and unaccountable government agencies in Washington.

Business services CUSO CU Business Group, LLC on Tuesday said it has added 35 new credit union clients so far in 2015, allowing it to top the 500-credit union milestone.

The California and Nevada Credit Union Leagues on Tuesday announced a partnership with the National Federation of Community Development Credit Unions to help interested credit unions in both states become designated as "Juntos Avanzamos" (Spanish for "Together We Advance") organizations.

With holiday season fast approaching, the National Credit Union Foundation is hosting a Twitter chat on giving.