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Wednesday, December 17, 2014
Eight months into the Non-Prime Auto Lending (NPAL) pilot, none of the participating credit unions has had to write off a single loan, according to the program's consultant.
Small banks and credit unions are looking to a lab hosted by NCR's Digital Insight to try out new tech like biometrics and beacons in an effort to keep up with their larger competitors.  more »
ALEXANDRIA, Va. — NCUA said it has filed suit in federal court against U.S. Bank N.A. and Bank of America N.A., alleging these institutions violated state and federal laws by failing to fulfill their duties as trustees for 99 residential mortgage-backed securities trusts.  more »
 
FinTech Forward
A Neobank that Aims to Protect Millennials from Themselves
A Canadian startup, Koho, is poised to begin testing a mobile financial product that helps customers manage spending — think card controls that prevent late-night withdrawals to fund one round of tequila too many.  read more »
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