Bluebird, the new prepaid card product being rolled out by Walmart and American Express, will provide banks and credit unions with additional competition in transaction accounts and technology.
The amount of money deposited in bank accounts recently reached a new high of $10.3 trillion, according to Market Rates Insight.
Credit union "silent majority" cited by bank lobby speak up against MBL cap hike. In-depth look in this article from next week's print edition.
Lobbyist claims few credit unions want MBL cap increase.
A bill that would allow privately insured credit unions access to the Federal Home Loan Bank system has been introduced in the House.
The FDIC has issued a letter warning banks against charging customers an “FDIC fee” to compensate for deposit insurance assessments.
Longtime customers of Thrivent Financial Bank, an Appleton, Wis.-based bank with credit union roots, may experience confusion and feelings of déjà vu in the coming months as the bank returns to being a credit union.
California’s small businesses and other employers may have to meet a host of conditions before they are able to pay their employees with a payroll card.
CUNA Chief Economist Bill Hampel says his analysis shows that Tech CU would pay more for FDIC coverage than now for NCUSIF.
Small businesses and other employers may have to meet a host of conditions to pay employees with a payroll card.