The Ohio CU League has become the first league to enter into a partnership in which CUNA will provide educational services to credit unions. Under the agreement, CUNA is responsible for managing the Ohio curriculum and program development, marketing, and registration process. As part of the agreement, the education and training portion of the league's website has been redesigned. Ohio's credit unions will be offered more than 600 different education and training opportunities. The OCUL said it will hire a market development manager by year's end, whose primary role will be the development and sales of these new education services. "Instead of having one professional employee dedicated to education and training for Ohio's credit unions, we now have more than 40," said Paul Mercer, president of the OCUL.
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The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
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The Charleston-based company agreed to pay $267 million to acquire Piedmont Bank in Peachtree Corners, Georgia. It's United's 34th deal, but the first since 2021.
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The Puerto Rico-based company's board of directors has given an additional title to COO Javier Ferrer, naming him president as of May 9. His career path closely resembles that of his boss, CEO Ignacio Alvarez.
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Truist Financial completes the sale of its remaining stake in Truist Insurance Holdings; City National Bank has hired Rick Bechtel as executive vice president and head of mortgage and residential lending; Associated Bank names Chun Schiros as its first chief analytics officer; and more in the weekly banking news roundup.
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Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
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When the Trump tax cuts expire next year, the White House will ask for higher corporate taxes and a buyback tax as Congress enters one of its biggest economic fights of the decade, which will have major implications for bankers.
7h ago