‘NEW YORK—A lease-to-own startup called Kafene has raised millions of dollars as it works to build its niche and respond the proliferation of buy now, pay later (BNPL) offerings in the market.
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NEW YORK—Chase is beefing up its credit card DoorDash perks.
TALLAHASSEE, Fla.–The number of credit union branches that remain closed in Florida as a result of Hurricane Ian is improving, but the news for many CU employees isn’t as good.
WASHINGTON—The vice chair of the Federal Reserve is indicating she wants to slow down the pace of rate increases being instituted by the Fed and in the process find the rate that will gradually bring inflation back to the Fed’s target of 2%.
WASHINGTON–The Credit Union Legislative Action Council (CULAC), CUNA’s PAC, said it will spend more than $2.5 million on advertisements in support of eight credit union “champions” for Congress between now and election day in November.
WASHINGTON– The average member relationship at U.S. credit unions hit $23,388 in the second quarter of 2022, the highest balance on record, according to an analysis by Callahan & Associates.
WASHINGTON–The acting chairman of the FDIC shared his thoughts on how the agency is approaching climate-related risks to the nation’s banks.
WASHINGTON–A new report released by Sen. Elizabeth Warren (D-MA) has found reports of scams and fraud on the bank-owned P2P payment network Zelle are surging, but banks have refused to refund customers for most of their losses, even in the face of federal consumer protection law.
WASHINGTON—NAFCU and CUNA have each written to NCUA in response to a proposed interagency policy statement on prudent commercial real estate (CRE) loan accommodations and workouts, with concerns over some “meaningful risks” being raised.
SUMTER, S.C.–SAFE FCU has expanded its relationship with PSCU beyond processing to now also include debit processing support.