Credit unions hit new highs in membership, deposits and loans in 2025. But it was also a chaotic year for the industry's governing body, and the sector faced renewed attacks by banks.
The Structured Finance Industry Group and Chamber of Digital Commerce will explore ways distributed ledger technology might speed transaction processing and improve transparency.
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In the year ahead, financial services regulatory agencies should take the opportunity to pull back from ideology-driven supervisory decisions and embrace a fact-based approach that will boost the U.S. economy.
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A recent industry survey finds most participating banks predict asset growth for 2025; Frax Finance launches a new stablecoin backed by BlackRock; Camden National closes its acquisition of Northway Financial; and more in this week's banking news roundup.
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Banks are taking hits in the stock market as they use 2024 to restructure balance sheets and inflation slightly increased in November.
The promise of fintech is that it might offer underbanked consumers access to financial products. But some are worried that relying on algorithms to make credit decisions could open up problems of its own.
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Even for someone as accomplished as Rebecca Patterson, there are times when a little encouragement is helpful. That's why she keeps a book of quotations from Eleanor Roosevelt by her bedside.
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Diane Schumaker-Krieg knows firsthand that fear can lead to innovation — and, for her, the beginning of a career in research.
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With market volatility at the beginning of the year, and the acquisition of First Niagara Financial Group completed at midyear, 2016 was especially busy for Amy Carlson.
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The company, which recently completed an audit, set aside funds to cover issues tied with a lending program it discontinued last year. The move cleared the way for Sterling to file an overdue annual report with the Securities and Exchange Commission.
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Low rates and intense competition might lead some banks to ease underwriting standards in 2021, when the economy may not yet have recovered.
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Kathy Kraninger’s job status would be in question if Joe Biden wins the White House. If the president is reelected, she may continue balancing a deregulatory agenda with her unexpectedly tough stance on enforcement.
An IT problem at the bank left thousands of customers locked out of their accounts for several days.
The two government-sponsored enterprises are repositioning Common Securitization Solutions to align with priorities set by their regulator and President Trump.
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The biggest banks need to get creative about the kinds of products and services they offer, and their efforts to attract a broader customer base.
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Artificial intelligence promises to replace a large percentage of entry-level analysts, call center workers and others, while leaving most senior managers untouched.
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The FHFA's Home Loan bank report is that rare thing you never see in the nation's capital anymore — a balanced plan on a complex issue that could have lasting impact on a difficult problem.
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The bank is betting on demand from resource-challenged companies.
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Fifty-four individuals tied to the Tren de Aragua gang face charges for using Ploutus malware to drain millions from community banks and credit unions.
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Democratic senators are attributing a recent decline in lending activity to a Trump administration regulation that puts new restrictions on borrowers with foreign ownership.
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Paul Burdiss' departure marks the second time in as many years that the Salt Lake City-based company has switched the CEO of its Utah, Idaho and Wyoming division.
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A group of 22 Democratic state attorneys general filed a lawsuit against acting Consumer Financial Protection Bureau Director Russell Vought, the bureau and the Federal Reserve, arguing that the administration's position that the CFPB cannot be funded is wrong.
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ServiceNow, with its largest-yet M&A deal, will fold Armis' threat prevention services into its larger cybersecurity suite.
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The National Institute of Standards and Technology's preliminary draft helps banks integrate artificial intelligence into their existing security strategies.
The regulator signed off on the transaction just two months after the banks applied to merge.
The 23rd annual ranking of women leaders in the banking industry.
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