News

Dwolla Corp. of Des Moines, Iowa, is now offering its peer-to-peer online and mobile cash system to financial institutions nationwide

WASHINGTON-- The presence of strong state regulators will help the federal government do an even better job of implementing the new financial overhaul law, New York State Banking Superintendent Richard Neiman said today.

Doug Wolf, the former president/CEO of Midwest Corporate Federal Credit Union, has been hired as vice president of ProDraft Services Inc., a payment processing CUSO, effective Dec. 1.

A start-up credit reporting firm is offering consumers a way to start having their routine payments build up their credit scores while earning rewards at the same time.

Federal credit unions should do due diligence when finding third parties to offer non-deposit investment products and have a written agreement that carefully spells out the terms of the brokerage arrangement.

While customer satisfaction with credit unions has dipped they still fare better overall than big banks.