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Where Credit Unions Invest To Get The Best ROI

PYMNTS

Speaking of efficiency, a new service from a Maryland-based CU aims to simplify the small dollar loan application process. The new service, Flex Loan, is being offered by SkyPoint Federal Credit Union and was established through a partnership with cloud-based mobile lending platform QCash Financial.

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FBI Docs Reveal ISIS Funneled Money Into US Through Fake eBay Transactions

PYMNTS

The Wall Street Journal reported news that a recently unsealed FBI affidavit shows that the alleged recipient of the funds was Mohamed Elshinawy, an American citizen arrested more than a year ago in Maryland. However, this case shows how they are now trying to exploit holes in the vast online financial world.

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Strategies for fighting remote authentication fraud

Independent Banker

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. Since the pandemic started, Crowe says, more customers are opening online or mobile accounts and making remote payments. Online U.S. Elizabeth Judd is a writer in Maryland.

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NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” Maryland Office of the Commissioner for Financial Regulation. New Jersey Department of Banking and Insurance.

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Lender Life

Independent Banker

Robust online mortgage websites embrace today’s lending challenges as well as consumer needs. When Community Bank of Bergen County unveiled its online mortgage hub this summer, the bank put “ease of use” at the top of its goals for the site, says President and CEO Peter Michelotti. “I The online mortgage hub at D.L.

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Game On

Independent Banker

Likewise, LinkedIn, with more than 400 million users of its online professional networking site, has transformed the chore of building career success into something that is pleasant, if not entertaining, to do. Elizabeth Judd is a freelance financial writer in Maryland. Fitbit Inc., Treat your customers as adults,” he concludes.

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Why Aspiration Says Big Banks’ “Bad Decisions” Were Its Gain

PYMNTS

Our Core Checking account provides full access to all our financial centers, ATMs, mobile and online banking and offers several ways to avoid a monthly fee, including a monthly direct deposit of $250, which equates to $3,000 annually,” Betty Riess, a Bank of America spokeswoman, told CNBC.

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