TORONTO - (07/14/06) The National Federation ofCDCUs is expected to announce an initiative in the next few days incooperation with the National CU Foundation to place DevelopmentEducators in CDCUs on a short-term basis. Cliff Rosenthal,executive director of the Federation, told The Credit Union Journalthe project will provide much-needed help for CDCUs in areas ofexpertise for the Educators group, such as finance, accounting andoperations. There are more than 600 active Development Educators, aprogram conducted by CUNA that gives participants a comprehensiveinitiation in credit union history, philosophy andoperations.
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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.
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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.
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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.
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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.
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