REV Federal Credit Union gears up for double merger

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REV Federal Credit Union is set for a double merger as two different credit unions await member approval to join the Summerville, S.C.-based institution. ...

Bank of England governor brands EU relocation wishes a “very serious escalation” – FinTech...

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The Bank of England’s governor, Andrew Bailey, has dubbed the EU’s wish...

Bank of America will book $400M expense for divisive bonus changes

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Bank of America will book a $400 million expense in the first quarter to account for a change in bonus policies that sparked anger...

US Federal Reserve’s payment system down for more than three hours – FinTech Futures

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The US Federal Reserve suffered a major outage this week which saw...

Group looks to form bank to serve minority-owned businesses

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A group in Northern Virginia is raising capital to buy a bank and offer products to the minority community.Ingenious Financial in Arlington, Va., is...

Pension builder Vantik signs card partnership with Mastercard – FinTech Futures

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Berlin-based fintech, Vantik, has announced a partnership with Mastercard and Banking-as-a-Service (BaaS)...

NCUA bans ex-NYPD officer who embezzled from Municipal Credit Union

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The National Credit Union Administration issued only one prohibition in February, barring a former member of the supervisory committee at Municipal Credit Union from...

Lloyds spends big on tech projects as profits slump 72% – FinTech Futures

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Lloyds Banking Group has spent a total of £4 billion on technology...

Heat’s on lenders to reduce climate risk. Big question is how.

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Environmentalists have called on banks to disclose the climate risks associated with their lending activities, but the short-term nature of most commercial lending makes...

Kalifa report says UK’s fintech crown at risk from waiting competitors – FinTech Futures

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Ron Kalifa’s wide-ranging report into the UK fintech industry released this week,...

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