Don’t let FedNow wither on the vine
The Federal Reserve’s apparent unwillingness to disclose volumetric details about banks’ use of its proprietary faster payments network suggests the central bank is hiding something. That something could be the slow death of faster payments as the new normal.
Canada’s interchange cuts add fuel to the move beyond card payments
Interchange reductions for small Canadian businesses join global efforts to curb swipe fees, prompting Visa and Mastercard to diversify
20 credit unions with largest portfolios of home equity loans
The top five credit unions have combined real estate loans and lines of credit of more than $217 million as of June 30.
Banks brace for next hurricane amid emotional Helene relief work
Financial institutions are on the front lines of relief efforts in Tennessee and North Carolina, while in Florida, Hurricane Milton threatens to deal a second blow.