PLANO, Texas–Catalyst Corporate said it will soon begin offering mobile P2P (person-to-person) payment services to credit unions. The P2P service will allow credit union members to send money to anyone, anytime, using any mobile device with Aptys Solutions’ PayMōli app, according to Catalyst.
JACKSON, Mich. — Credit unions in two states have announced separate plans to merge, with one of the CUs also saying it will unveil a new name in the future.
TACOMA, Wash.–CU Strategic Planning is reporting its clients represented nearly half of all credit unions that received funds in the most recent round of grants from Treasury’s Community Development Financial Institutions Fund. In all, CUSP clients received $16.7 million.
ARLINGTON, Va.—While new home sales continued to rise for the fourth straight month in August, up 4.8% from July's revised rate of 965,000 annualized units to 1,011,000 units, NAFCU's Curt Long said "inventory is a concern."
WASHINGTON—The Federal Housing Finance Agency (FHFA) is again extending its temporary policy allowing the government-sponsored enterprises to purchase certain single-family mortgage loans in forbearance.
SCOTTSDALE, Ariz.–A new analysis suggests simply looking at the total number of checking account applications by channel overlooks an important difference in consumer behavior.
TAMPA, Fla.–In a somewhat sad irony, gig workers have been among those hit hardest by the coronavirus pandemic, with many falling behind on rent and mortgage payments. Now a start-up is looking for gig workers to help landlords with evictions.
SAN FRANCISCO–Square, the cash payments app that also runs the Square Capital lending program, has announced plans to invest approximately $100-million in an array of funds and with lenders focused on underserved communities of color.
DALLAS—Ser Tech and Origence have announced a new partnership to deliver on-demand pre-approved auto loans to credit union members.
ST. LOUIS–The latest update in an ongoing series of surveys of Americans finds 61% saying their emergency savings won’t last through the end of the year or they’ve already run out of savings, while at the same time Americans overall are saying they are less worried about their financial futures than they were in April.
