TROY, Mich.–Retail banks are finding what J.D. Power is describing as the “ultimate formula for customer engagement” in a service few customers ask for, but from which many could benefit: financial advice.
Fresh Today
WASHINGTON–The Federal Housing Finance Agency (FHFA) has sent a letter to the Federal Home Loan Banks cautioning that some of the alternatives being proposed for the soon-to-expire LIBOR may pose safety, soundness and reputational risks.
WASHINGTON–Minutes released from the Federal Open Market Committee (FOMC) meeting in mid-June show increasing concern among some officials that the Fed may be forced to hike rates or pare back bond purchases sooner than they had projected.
NEW YORK—U.S. credit card companies continue to ramp up and roll out new offers as they seek to grab market share amidst the economic rebound.
TYSONS, Va.–As CUToday.info has reported, competition continues to grow more fierce in the credit card rewards arena as issuers seek to grab what is expected to be a surge in spending.
REYKJAVIK, Iceland–Credit unions already debating back-to-work policies as the coronavirus pandemic restrictions are lifted have numerous companies looking for examples of different approaches. Now they have a country to look to, as well.
ZURICH, Switzerland–Another bank is offering another example of how financial institutions are handling return-to-work policies.
WASHINGTON–CUNA Strategic Services (CSS) is reporting it has entered into an alliance with CNote, the women-led social enterprise and impact investment platform, to bring its member credit unions a flow of new “socially conscious deposits” that are long-term, flexible and community-focused.
DENVER, Colo.–CUFX, the Credit Union Financial Exchange, said it is expanding its support of open banking and interoperability by joining the Financial Data Exchange (FDX) consortium.
WASHINGTON—FinCEN has created a new position to monitor digital currency.