Two Michigan credit unions merge, roundup slide

Mercantile's pending acquisition of Eastern Michigan is approved by the Federal Reserve Bank of Chicago; the National Community Reinvestment Coalition and Rise Economy announce a $2.5 billion addendum to Columbia Bank's community benefits agreement following its acquisition of Pacific Premier Bank; the Federal Reserve Board and CFPB raise the thresholds for certain credit and lease transactions; and more in this week's banking news roundup.

Technology
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The deal points a way forward, not only to resolve the debate over screen scraping and ownership of customer data but to redefine banks' value proposition.

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Even in the age of Watson, computers are still only as smart as the people who teach them.

Wells Fargo CEO Charlie Scharf

Wells Fargo CEO Charlie Scharf validates some of the optimism, telling analysts he feels "really great about our progress." But he said executives "don't want to get ahead of ourselves."

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Department Of Justice And International Law Enforcement Hold News Conference

The DOJ says the Ukrainian national helped coordinate Russian state-sponsored DDoS attacks against banks internationally.

French Hill

The House Financial Services Committee discussed allowing banks to experiment with artificial intelligence with a waiver from regulatory penalties, including consumer protection laws, in a hearing.