LONDON—Global investments in the fintech sector fell by more than 30% last year from 2021’s record high levels, according to new research by KPMG.
Fresh Today
MADISON, Wis.–While lending was up by double-digits at all credit unions through February, once again it was the largest credit unions leading the way, according to CUNA Mutual’s newest Trends Report.
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) increased in April to its highest level since May 2022, jumping 5.5 points to 66.8.
CHICAGO–With inflation remaining high and interest rates having risen quickly, consumers are increasingly turning to credit to manage their household budgets, leading to record- or near-record high balances in credit cards and unsecured loans, according to new data from TransUnion.
WASHINGTON—The Consumer Financial Protection Bureau (CFPB) has issued a new circular affirming that a financial institution may violate federal law if it unilaterally reopens a deposit account to process transactions after a consumer has already closed it.
WASHINGTON—Ahead of a hearing this week to examine the Small Business Administration’s (SBA) 7(a) lending program, NAFCU wrote to the House Small Business Committee noting that two recent actions by the SBA may open up the program to unregulated competition.
PLANO, Texas–Mid-size banks and credit unions more than doubled their investments in digital transformation during 2022 to nearly $425,000 per $1 billion in assets, up from an average of just over $200,000 per $1 billion in assets for fiscal 2021, according to a new report by Cornerstone Advisors and commissioned by Alkami Technologi
IRVINE, Calif.–Origence, a provider of lending solutions to credit unions, announced it will host a webinar on May 18 titled “Fintechs & Credit Unions: Selecting the Right Partners.”
RALEIGH, N.C.—The second-largest credit union in the world, North Carolina State Employees’ Credit Union, said it plans to migrate its 2.7 million members to a new digital banking platform provided by NCR.
FALLS CHURCH, Va.– Healthcare Systems Federal Credit Union has renewed its ATM management relationship with Dolphin Debit.