The Florida Credit Union League remains alert to the possibility of an attack on credit unions' tax-exempt status. Along with their stated intent to take the leadership role in the national effort to repeal our tax exemption, Florida's banking lobby takes every opportunity to undermine credit unions' tax exemption at the state level. As a result of the league's relationships with Florida's legislative leaders, they understand the superior value of credit unions and our position in the financial services industry. Fortunately, they have not looked to credit unions to fill the holes in Florida's budget.
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Constellation Software subsidiary CORA Group rebranded its U.S. core banking service as regulators are looking to inspect core vendor relationships.
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Banks have embraced artificial intelligence for years. Now, after a week of dire warnings about the technology's risks, executives at two big banks are calling for caution and calm.
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More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
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Consumers' spending and payment behaviors were "holding very firm" despite inflationary pressures, Synchrony Chief Financial Officer Brian Wenzel said at the Barclays Global Financial Services Conference.
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Sen. Elizabeth Warren sent a request for information to the National Association of Insurance Commissioners about state regulators' efforts to address private equity ownership of life insurance companies.
10h ago -
Advisors are still slow to plan for handing down their businesses, in part because of difficulties finding new owners they can trust.
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