American Express, known for its array of perks-laden cards, is jumping into the highly competitive arena of digital-checking accounts. The company on Tuesday launched Amex Rewards Checking to its U....
Regulators and competitive pressures continue to intensify in the world of overdraft (OD). In early December 2021, the Consumer Financial Protection Bureau (CFPB) announced it would be “enhancing its supervisory ...
On November 18 of last year, the Board of the National Credit Union Administration (NCUA) issued a final rule to amend the definition of a “service facility” relating to federal ...
Your credit union board is hardworking. They draw no salary. They may not all have a financial background. But they’re 120% dedicated to making your credit union succeed. Show ...
NCUA issued two Regulatory Alerts on credit union requirements for submission of Home Mortgage Disclosure Act (HMDA) data. One (22-RA-02) covers submission of 2021 HMDA data, which is due to ...
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) published a whitepaper detailing the feasibility of a digital dollar, or U.S. central bank digital currency (...
Credit union have several defining characteristics that set them apart from other financial institutions. Not-for-profit status allows credit unions to focus on the needs of members, and not third-party or ...
An early financial services trend of 2022 involves big banks announcing plans to eliminate or dramatically reduce overdraft fees. Capital One kicked off the process in December, with Bank of ...
