CASA GRANDE, Ariz. – First American CU has hired Rico Bautista, former president of GHS FCU in Binghamton, N.Y., as president and CEO of the $75 million credit union.
Bautista, who also served as director of information systems for Affinity FCU in Bedminister, N.Y., is returning to Arizona, where he previously worked as senior vice president for Tempe-based Altier FCU.
Industry experts say custodial firms' services have largely become "commoditized." The acquisition of Altruist opens the door for Vanguard to have cutting-edge services related to tax planning, cash sorting and more.
The Trump administration issued guidance Tuesday forbidding a set of lending programs meant to combat discrimination. But banks saw the government's action coming — and some had already dismantled their programs.
Non-QM securitizations hit $78B as lenders ease guidelines to capture unserved borrower demand, even as total impairments rise for the 10th time in 13 months to 6.27%.
More than half of the independent brokerages participating in this year's IBD Elite study declined to disclose the share of women among financial advisors at their firms. Those that did provide data have done more to advance women than many of their rivals in the independent brokerage channel of wealth management.
Firms like Nium and Amex GBT are using virtual cards and agentic commerce to take a crack at easing the complicated processes involved in business trips.
A second lawsuit challenging the Federal Reserve's debit interchange fee regime is set to be heard in the U.S. Court of Appeals for the 6th Circuit in October. JPMorganChase, Bank of America and Wells Fargo — as the largest debit issuers by purchase volume — are most at risk to see a dramatic cut in interchange revenue.
