GREENSBORO, N.C. - (08/25/05) Premier FCU's board has voted to amendits bylaws to require a majority of the membership vote onconversion to any non-credit union charter. News of the $68-millionCU's decision to insert a poison pill amendmentmaking it harder for the credit union to convert to a bank chartercomes on the heels of the announcement by Chocolate Bayou CommunityFCU, Alvin, Texas, which has moved to require any non-CU conversionbe initiated by a special meeting of the membership instead of bythe board or management. CBCFCU's bylaws amendment has already beenapproved by NCUA. Premier has sent its proposed bylaws amendment toNCUA for approval.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3