DES MOINES, Iowa–While the Iowa Division of Banking announced its intent to block the sale of First American Bank’s remaining Iowa-based assets and branches to Green State Credit Union, the deal has actually closed, according to the parties involved.
PROVIDENCE, R.I.– A Massachusetts used car dealer has been arraigned in U.S. District Court and ordered detained, charged by way of indictment with allegedly participating in a wide-reaching conspiracy to defraud credit unions and other financial institutions in several states.
PORTSMOUTH, N.H.–The $3.8-billion Service Credit Union here has selected Credit Union Student Choice to provide its 293,800 members lending solutions for both private student loans and student loan refinance.
LOS ANGELES–When the clocks spring forward for Daylight Saving Time on Saturday night, it will mean one less hour of sleep for most people.
WASHINGTON—The U.S. Department of Homeland Security (DHS) has developed a cryptocurrency intelligence program aimed identifying unlicensed crypto businesses using P2P sites, online forums, and darknet markets.
NEW YORK—JPMorgan Chase is taking steps to open a digital bank in the U.K. by the end of the year.
WASHINGTON—Ahead of a House Committee on Appropriations subcommittee hearing on the Treasury Department's FY2021 Financial Services and General Government budget request, NAFCU urged the subcommittee to fully fund the Community Development Financial Institutions (CDFI) Fund at its current levels or above.
NEW YORK–Credit unions continued to successfully build their credit card portfolios during the fourth quarter of 2019, but auto loan penetration “flat-lined” according to one new analysis.
WASHINGTON—The operator of a debt collection scheme has settled claims by the Federal Trade Commission and New York Attorney General that he and the companies he controlled lied to consumers about how much debt they owed and used “illegal scare tactics” to collect it, the FTC said.
NEW YORK—A number of startups are taking on big banks with new apps that offer modern, mobile banking experiences, innovative features and reduced or even zero fees.
