TYSONS, Va.–PenFed Credit Union said it is partnering with the San Diego Wave FC of the National Women’s Soccer League to offer an exclusive VIP Fan experience.
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NEW YORK—Goldman Sachs continues its retreat from consumer lending. The bank is in talks to transfer its General Motors credit card program to Barclays, the Wall Street Journal reported.
PUDONG, China—UnionPay International has teamed up with JD PAY, JD.com’s digital payment service, with a goal of expanding its cross-border payments capabilities around the world.
TUCSON, Ariz.—The $1.2-billion Pima Federal Credit Union has agreed to purchase the $272-million Republic Bank of Arizona, based in Phoenix, the organizations reported in a joint release.
WASHINGTON–Even as delinquency rates for some commercial real estate (CRE) loans and certain consumer loans are now above pre-pandemic levels, most banks are building capital and liquidity levels above regulatory requirements, the Federal Reserve said in a new report.
OCEANSIDE, Calif.–In response to a letter from six members of Congress who criticized its overdraft policies and alleged it was hurting young members of the military, Frontwave Credit Union has sent a seven-page letter that counters the accusations that have been made about its offerings and says that to the contrary, it is “intently focused” on serving its members.
WASHINGTON—There will not be “any credit unions left” if the over-regulation of the CU community isn’t brought out control, America’s Credit Unions has told Congress.
ALEXANDRIA, Va.—When the NCUA board meets next Wednesday it will have a relatively light agenda, as quarterly briefing on the Share Insurance Fund (SIF) is all that is currently on the schedule.
WASHINGTON—All seven credit union-supported candidates won in this week’s primary elections in Maryland, Nebraska, and West Virginia, America’s Credit Unions reported.
WASHINGTON—The House Financial Services Committee was told the Community Development Financial Institution (CDFI) Fund needs additional oversight so it can effectively support underserved communities, according to America’s Credit Unions.