During the chairman's report to the membership at CUNA's Annual General Meeting, Dick Ensweiler read from yet another bank-sponsored ad attacking credit unions for trying to go beyond their mission. The ad was put together by a group calling itself the National Tax Equality Association, but Ensweiler said it was a front for bank attacks. What made this ad of note in a sea of such efforts by banks? It was published in 1949. "The banks have been at this for 55 years," Ensweiler pointed out. "They have made a pastime out of challenging credit unions' tax status."
-
While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
3h ago -
The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
5h ago -
GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.
6h ago -
As banks consider their strategies, other big names are also considering a role for digital assets.
7h ago -
The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
8h ago -
Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.
9h ago