DALLAS – City CU, one of the largest credit unions in the Dallas-Fort Worth area, said yesterday it has agreed to acquire DART FCU. City CU, founded in 1942 to serve Dallas employees, has $153 million in assets and serves 32,000 members. DART FCU, with almost $5 million in assets, was founded in 1939 and serves Dallas Area Rapid Transit, members of the Dallas Gay and Lesbian Alliance, and several select groups.
A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
