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Bank survey: Military families cite low income, inflation as financial product challenges

ABA Community Banking

Roughly 30% of military families cite low income and lack of stability as a “primary challenge” they face with their current financial products and services, according to a new survey by the Fort Leavenworth, Kansas-based Armed Forces Bank.

Survey 97
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Retail Pulse: Sears To Open ‘Home & Life’ Stores, Amazon Reduces Whole Foods’ Prices

PYMNTS

Iconic American retailers that have been around more than 100 years are creating new concepts for the new era of retail. The locations, which the company said were created based on insights from Sears Appliances & Mattresses stores, are set to be located in Alaska, Kansas and Louisiana. In Other Brick-And-Mortar Retail.

Retail 101
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nbkc bank Taps Finastra to Build Conversational Banking App

Bank Innovation

Kansas City-based nbkc bank is building a conversational banking app with Finastra on the vendor’s growing FusionFabric.cloud open platform.

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Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C The bank said about 30 percent of the branches will be in low or moderately low income communities. area, Philadelphia and Boston.

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House Financial Services Committee to hold Sept. 26 hearing on real-time payments

CFPB Monitor

George, President and Chief Executive Officer, Federal Reserve Bank of Kansas City. Bob Steen, Chairman and Chief Executive Officer, Bridge Community Bank, on behalf of the Independent Community Bankers of America. The following witnesses are scheduled to testify: Esther L. Carol Benson, Founding Partner, Glenbrook.

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

The COVID-19 pandemic is taking a tremendous toll on communities across America,” Brainard said. However, Kansas City Fed chief George said the system will initially focus on domestic movement of money and won’t include cross-border transactions. In a Thursday (Aug. A Liquidity Boost? .

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NFL Unveils 2020 Schedule But Questions Persist

PYMNTS

10 as the defending Super Bowl champion Kansas City Chiefs host the Houston Texans in a rematch of the American Football Conference Divisional playoffs, according to the NFL. Are you ready for some football? The National Football League’s 101st season begins in prime time on Sept. Or will it? “In