Sharon Custer, President and CEO of BMI FCU in Columbus, Ohio, has been named "Professional of the Year" by The Ohio Credit Union League. Custer was recognized for leading BMI FCU from $50 million to $200 million in assets, and from one facility to nine in the past 16 years. BMI FCU also added an interactive online boardroom in 2001, and entered business services in 2003.
The Consumer Financial Protection Bureau is considering a proposal to reduce its oversight of auto finance lenders, saying the benefits of supervision may not justify the "increased compliance burdens."
A regulatory filing Wednesday sheds more light on how the megamerger came together. It also details the compensation arrangements for Comerica CEO Curtis Farmer, who will become Fifth Third's vice chair.
The credit union fintech and core provider partnered to launch three new agentic AI-powered tools for credit unions that work with existing systems.
As Standard Chartered boss Bill Winters says cash will soon fully give way to digital currency, Western Union, Worldline, Coinbase and Ripple entered separate collaborations to bring digital assets to wider audiences. That and more in the American Banker global payments and fintech roundup.
At its first investor day in a decade and a half, the nation's second-largest bank pegged its guidance for return on tangible common equity at a slightly higher level than what it reported last quarter. Not all investors were impressed.
Voters across the country swung hard to the left in yesterday's off-cycle elections, showing an acute interest on affordability issues ahead of the 2026 midterms.
