MELBOURNE, Australia—The small-dollar lending space is getting more crowded in the U.S.
Fresh Today
NEW YORK—Even though debt is a major cause of stress for Americans, many of those in debt are not quite ready to give up certain aspects of their daily lives in order to become debt-free, a new study shows.
PURCHASE, N.Y.–Mastercard has launched the Priceless Planet Coalition, a platform it said is aimed at uniting corporate sustainability efforts and making meaningful investments to preserve the environment.
NAGOYA, Japan–Even a centuries old tradition is now going cashless. Japan's Shinto shrines and Buddhist temples are increasing going cashless, allowing visitors to replace small coin offerings by swiping their smartphones.
NEW YORK–The Office of the Comptroller of the Currency (OCC) has hit the former CEO of Wells Fargo with a $17.5-million fine for his role in a huge scandal related to the company’s former sales practices.
ALEXANDRIA, Va.–The NCUA board has put out for comment a proposal to amend its rules on subordinated debt that would double the number of complex credit unions eligible to issue such debt.
ALEXANDRIA, Va.–The NCUA board has put out for comment a proposed rule related to credit union acquisitions of banks—although both Chairman Rodney Hood and agency staff stressed that credit unions do not technically purchase banks–with a focus on clarifying the process.
ALEXANDRIA, Va.–The NCUA board today voted 3-0 to approve its annual performance plan for 2020.
ALEXANDRIA, Va.–The NCUA board will be meeting today and on the agenda is a proposed rule that would allow some federally insured credit unions (FICUs) to count subordinated debt as capital for risk-based net worth purposes.
WASHINGTON– The Independent Community bankers of America (ICBA) is hailing a decision by the Colorado Banking Board to reject a plan by a Colorado Credit Union to buy a bank, and calling on other states to do the same.