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Financial Services

Are you ready for video banking? (access required)

photo of itm

It’s still a nascent technology, but Idaho financial institutions are looking into video banking. Video banking falls into three categories: interactive teller machines (ITMs) that include video in the ATM, video in the branch office, and online video via smartphone ...

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Study: Small banks are spending more on compliance (access required)

A new study found that nearly all small banks are spending more on compliance due to legislation, forcing institutions to reconsider offering certain products such as mortgages and overdraft protection. The study by the Mercatus Center at George Mason University ...

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New credit scores are coming soon (access required)

FICO is releasing a new version of its credit score this summer. While the company behind the credit rating isn’t revealing details of the changes yet, the updated rating will likely become a part of Idaho lenders’ decision making when ...

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Sunwest Bank closing downtown branch (access required)

A new face in Idaho banking is leaving downtown Boise. Sunwest Bank notified its customers on March 10 that it will close its branch and offices at One Capital Center at 10th and Main streets. Bank CEO and President Chris ...

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Two Boise credit unions set to merge (access required)

Boise U.S. Employees Federal Credit Union members on March 5 overwhelmingly approved a plan to merge with Icon Credit Credit Union, also based in Boise. The proposed merger would go into effect June 1, with Boise U.S. adopting Icon’s name. ...

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Idaho regulators are keeping an eye on Bitcoin (access required)

Leading financial regulators from nine states recently formed a task force to look into Bitcoin and other emerging payment systems. While Idaho Department of Finance Director Gavin Gee isn’t on that task force, organized by the Conference of State Bank ...

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