NEW YORK—While major credit card issuers tightened lending standards and slashed credit limits amid COVID-19, some fintechs took a different tack.
Fresh Today
NEW YORK—Bottlepay has become the first app to facilitate Sterlingcoin or Bitcoin payments via Twitter, FinExtra reported.
JACKSONVILLE, Fla.—Mobile wallet ownership is holding steady at 45%, with younger consumers embracing the payment technology more readily than they were 10 months ago, according to research from FIS.
NORTH LIBERTY, Iowa—In a move that’s a first among credit union/bank buys, the $7.1-billion GreenState CU here has agreed to simultaneously purchase separate banks in states outside of Iowa.
ARLINGTON, Va.–There was some good news and some concerning news coming out of last week’s NCUA board meeting.
WASHINGTON–With the Senate scheduled to hold a hearing on credit reporting this week, one credit union association said the issue is one CUs keep an eye on, but it hasn’t really risen to the top of concerns.
GLASGOW, Scotland–A free webinar will be held today offering “21 Big Picture” issues that should be on the agenda of any growth-oriented credit union, along will further feature steps credit unions should take to ensure they are operationally resilient. The 21 Big Picture ideas portion of the program will be led by Frank J. Diekmann, cooperator-in-chief at CUToday.info.
BEAVERTON, Ore.–A man here has been sentenced to four years in prison for a scam in which he posed as a credit union employee and made calls to members to defraud them of their funds.
JACKSON, N.J.–NCUA has placed Empire Financial FCU here into conservatorship. The $3.04-million Empire Financial has approximately 343 members.
ARLINGTON, Va.—Existing-home sales fell 2.7% in April to a seasonally-adjusted rate of 5.85 million units, representing a 33.9% increase in sales versus a year ago.