Eastern Financial Florida Credit Union, said it netted $1.8 million in loans in March as a result of an on-site car sale at which members bought more than 88 new and used cars. The credit union, which worked with AutoAdvisors in assembling the sale, said that more than 500 people turned out for the 10-hour event at which rates as low as 3.99% were available. EFFCU also recognized Teller Loran Danford, who learned of one member who wanted to visit the sale but did not have a car. Danford gave up her day off and drove the member to the sale, where she bought a car.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
October 31 -
A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025.
October 31 -
The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
October 31 -
The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
October 31 -
New York State's former top regulator Adrienne A. Harris has rejoined Sullivan & Cromwell as of counsel and senior policy advisor; Founders Bank appointed Karen Grau to its board of directors; Deutsche Bank's DWS Group is opening an office in Abu Dhabi; and more in this week's banking news roundup.
October 31 -
Earned wage access provider EarnIn, which historically has been known for direct-to-consumer EWA, is now integrating its services with payroll providers. The move comes as consumer advocate groups step up efforts for stricter regulation of the industry.
October 31





