WASHINGTON–The FDIC is reporting its Deposit Insurance Fund (DIF) reserve ratio has grown from 1.11% June 2023 to 1.15% in December, and remains on track to return to its statutory minimum of 1.35% before its statutory deadline of Sept. 30, 2028, the agency said.
Fresh Today
DALLAS–Credit unions continue to add C-suite positions for which they are seeking candidates to CUToday.info’s The Gig.
MIAMI–Financial literacy is more important than ever, but a new analysis conducted by WalletHub finds great differences in levels of literacy on a state-by-state basis.
SAN FRANCISCO—MoneyGram reported it is partnering with Tencent Financial Technology, the fintech division of Tencent, to enable consumers to send funds through MoneyGram Online, MoneyGram’s direct-to-consumer website and app, directly to recipients’ Weixin Pay wallet, a payment and digital wallet service in China.
NEW YORK–In a development that could come to credit unions at some point as they seek new revenue streams, JPMorgan Chase said it has created a new unit called Chase Media Solutions that will allow companies to target its cardholders with deals and discounts related to based on their spending history.
PURCHASE, N.Y.— Mastercard said it has introduced new credit card benefits in partnership with leading health and wellness, travel, and lifestyle brands.
FALCON HEIGHTS, Minn.--Blaze Credit Union’s Vice President of Consumer Lending, Dave Walters was recently named to the Board of Directors at Exodus Lending, a nonprofit helping Minnesota families break the cycle of predatory loan debt.
BOSTON–A new analysis suggests credit unions and community banks are making “slow, but steady” progress in credit cards, carving into the marketshare held by the big national banks.
NEW YORK—Given the hyper-competition credit unions face in the market, just how do consumers prefer to shop for credit cards?
NEW YORK—What are the top five trends that will shape financial services for the rest of this year?