P2P Study: Zelle Growing, Brand Recognition is Not

Peer-to-peer player Zelle Network processed more than 100 million transactions in the first six months of 2017 and is racking up thousands of new users a day, but customers of rival Venmo have hardly heard of it, according to two new reports. According to a release...

Irma Recovery: Some Florida CUs Back in Business

At least 35 Florida credit unions reopened on Tuesday and about 10 more plan to be back in business on Wednesday, according to the League of Southeastern Credit Unions. A list on LSCU’s website shows five credit unions are still closed because of power outages....

Florida CUs Begin Hurricane Irma Recovery Process

Virtually all of the state’s 136 credit unions remained closed Monday after Hurricane Irma poured more than a foot of rain in several areas of South Florida, such as Palm Beach and Fort Pierce, whipped Naples and Marcos Island with winds of 130 to 142 mph, and...

DeVos Tells CFPB to Back Off on Student Loans

When federal policymakers killed banks’ ability to make government-backed student loans, David Bergeron should have been celebrating. A career official at the U.S. Department of Education, he had favored the move for years; it would save the government...

Nearly 90 Florida CUs Close Ahead of Hurricane Irma

As Hurricane Irma barrels toward Florida, nearly 90 of the state’s 136 credit unions closed up shop early Friday or Saturday and virtually all of them will be shut down on Monday. The CU Times reviewed 124 Florida credit union websites Friday night to determine...