Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
News of the Competition (06/18/2014)
  • WASHINGTON (6/18/14)--The U.S. Justice Department turned down a $4 billion settlement offer from Citigroup last week, as the federal agency doesn't believe the amount adequately covers the damage inflicted by the big bank's alleged shoddy mortgage-lending practices that preceded the 2008 economic downturn (Forbes June 13). Government negotiators are seeking closer to $10 billion, according to reports, to recoup at least 10% of the $91 billion Citi sold in mortgage-backed securities leading up to the recession. Should Citi agree to pay $10 billion, it would be the second 11-figure settlement from a big bank in the last year, as JPMorgan Chase agreed to pay $13 billion in November to settle a dispute over its own mortgage-lending practices...
     
  • LAS VEGAS (6/18/14)--A pot industry payment processor, formerly called GreenHouse Payment Solutions, has joined up with two card-payment companies in order to equip marijuana dispensaries with the means to accept debit and credit cards, according to a GreenHouse press release. Combining the expertise of Advanced Content Services, Inc., and SinglePoint, Inc., the reconfigured and renamed GreenStar Payment Solutions, Inc. will allow marijuana businesses to cut down on non-cash payments, with the intention of improving convenience and reducing concerns about safety for both dispensaries and their customers, according to the release. GreenStar will hold its first official board meeting in Denver next month...


RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
6 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
8 hours ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
10 hours ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
10 hours ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
11 hours ago