Skeptics who saw the seeds of an eventual bank charter in the advent of American Express and Walmart had a change of heart and last week and announced that the jointly sponsored Bluebird prepaid card will carry FDIC deposit.
Wonder what drives Brandon Michaels’ desire to lead meaningful change? Look no further than his family. “I try to always do the right thing even if it’s not that popular,” said the president/CEO of Kansas City, Mo.-based $490 million Mazuma Credit Union.
Comptroller of Currency now heads joint regulatory council for two-year term.
Staring down shrinking margins and the confusing moniker “credit union,” some have gotten creative with their fields of membership.
CUNA, ABA has no comment so far, NAFCU approves of prepaid cards having FDIC, ICBA objects.
CUNA, NAFCU line up credit union CEOs for April 10 session with House Financial Services Committee.
Community bankers lobby says it's researching how to fight Wal-Mart/Amex prepaid card's move toward offering more banking services.
A new report from the Center for Responsible Lending has documented that payday lending at six large banks is continuing, and the reported alleged it is damaging consumers financially.
During a closed meeting, the NCUA Board unanimously approved Landmark Credit Union’s acquisition of Hartford Savings Bank, subject to approval from the FDIC, according to a Board Action Bulletin posted last week on the NCUA’s website.
Checking and debit alternative to get coverage to allow government direct deposit, companies say.