NEW YORK–A consent order has been issued to the $1.9-billion Melrose Credit Union by the New York State Department of Financial Services following a joint safety and soundness exam conducted by the Department and NCUA.
Fresh Today
WOONSOCKET, R.I.—CVS Health has introduced CVS Pay, the company’s own mobile payments solution.
BROOKFIELD, Wis.—A new study shows that consumer use of digital banking—online, mobile and electronic payments—leads to higher revenue for financial institutions and stronger relationships.
WASHINGTON–Tightened underwriting standards since the housing crisis have led to decreased mortgage lending to African-Americans, according to a new report.
WASHINGTON–Home builders are showing a rebound in confidence in the market for new single-family homes, which should be a good sign as Autumn approaches.
SAN FRANCISCO—Square is advancing in the mobile payments space, moving away from just serving small shops and food trucks and into larger retailers.
FAIRBANKS, Alaska–Alaska USA Federal Credit Union has confirmed it has restricted 10 personal accounts linked to people starting a marijuana-related business.
ATLANTA-Low-income designated credit unions (LICUs) are being urged to consider a new funding and liquidity option available for balance sheet management as they conduct their 2017 strategic planning.
PURCHASE, N.Y.–MasterCard is offering cardholders in China the ability to use local credit and debit cards to pay U.S. tuitions and other costs through a first-of-its-kind online payment service found at www.plastiq.com/mcuni.
SAN FRANCISCO–New data show that increasingly private investors are taking advantage of low mortgage rates and rent growth by investing in rental properties, which is affecting the supply of homes and, as a result, prices on both homes and rental rates.