Sat.Nov 03, 2018

The $5B Midterm Elections And The Big Costs Of Big Data

PYMNTS

Politics is not our normal beat here at PYMNTS. But the 2018 midterms has changed our thinking, and for one reason: 2018 will be one for the record books in terms of how much is being spent on the campaign trail. According to the Center for Responsive Politics, this year will see $5.2

Navy FCU's Earnings Top $1 Billion

Keith Leggett's Credit Union Watch

Navy Federal Credit Union (Vienna, VA) is raking in the money through the first 3 quarters of 2018. Navy FCU reported a year-to-date net income of $1.1 billion through September 30, 2018. A year ago, the credit union reported net income of $978.5 million.

We are about to enter the Cambrian explosion era of Security Token platforms

Daily Fintech

This post is written by Sheldon Freedman , a fintech and funds lawyer at Hassans in Gibraltar. Security Tokens is a big, complex subject that requires legal, technical and commercial knowledge. We found that rare combination in Sheldon Freedman, member of the Bars of New York, Ontario (Canada) and Israel, former FINRA-registered representative, and asked him to write a 4 part series, because Daily Fintech’s job is to explain complex subjects in an engaging way. This is the second post.

203 Low-Income CUs Awarded $2 Million in Grants

Keith Leggett's Credit Union Watch

The National Credit Union Administration announced that it has awarded $2 million in grants to help 203 low-income credit unions improve digital services and security, increase outreach to underserved communities, and train employees. Grant awards ranged from $1,300 to $20,000. The NCUA made awards in three categories: Digital services and security: 141 grants totaling $1,251,670; Leadership development: 40 grants totaling $350,760; and Underserved outreach: 22 grants totaling $397,570.

Advancial's Jumbo CDs and IRA CDs Become Rate Leaders

Deposit Accounts

Advancial (easy membership) has raised the rates on all its Jumbo CDs ($50k min), including 1-year (3.01% APY), 18-month (3.15% APY), and 2-Year (3.24% APY