Bank of America alone is in danger of losing 10.3% of its retail customers over the next 12 months, study says.
For many credit unions, Bank of America’s failed attempt to charge a $5 monthly debit card usage fee sent their membership numbers up the charts.
The NCUA has failed to prove that J.P. Morgan Securities the firm made “material misrepresentations” to the corporate credit unions when selling them residential mortgage-backed securities, according the firm’s court filing. And with that J.P. Morgan asked a federal judge to dismiss the agency’s June lawsuit against it.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
JHA payment processing manager lays out why smart cards are inevitable import from Europe.
As mayors in at least two cities shut down areas that were being used to protest, Occupy organizers have said the moves will not deter their efforts.
Deal eliminates competition between P2P offerings, better positions company for battle with other contenders large and small.
Beginning next year, NCUA examiners will expect credit unions to be following a tougher new set of guidelines for securing online banking and money transfers.
The nation's largest ethnically based credit union has hired on a former banker as CEO.
A new person-to-person payment service launched by three major banks poses more of a long-term challenge than short-term threat to credit unions, an analyst said.