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Michigan Approves Charter For First LGBT Credit Union

PYMNTS

There are also plans to offer products such as insurance, health care and wealth management specifically designed for LGBT customers. In fact, research shows members of the LGBT community have difficulty securing banking services regardless of where they are located, with same-sex couples less likely to be approved for a loan. “I

Michigan 102
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CFPB announces new appointments to advisory groups

CFPB Monitor

The CFPB announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council. New members to the Consumer Advisory Board will serve three-year terms and new members to the Community Bank and Credit Union Advisory Councils will serve two-year terms. Kathleen C.

Groups 60
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Why Libraries Are Giving Up On Late Fees

PYMNTS

That lost library book we had almost managed to convince ourselves no longer existed. I didn’t even want to tell you, ‘I have fines,’” Penkert told the Journal of what she normally hears at work while collecting library fines from friends and family in the community, who usually wear a rather pained hangdog expression.

Minnesota 188
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Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Labs Insights

HQ: Oakland, California. Cloud cash and treasury management solutions. Distributed ledgers for financial community. Tags: SMB, payments, merchants, credit/debit cards, acquiring, POS. Lender for solar energy installations. Latest round: $220 million Private Equity. Total raised: $245 million. Source: Crunchbase.