The Louisiana Credit Union League (LCUL) and the Mississippi Credit Union System (MCUS) have entered into an agreement that will allow Mississippi credit unions to join the nationwide Credit Union Service Centers (CUSC) shared branching network through a program administered by Louisiana's network, CU Cooperative Branching, LLC. Charles Elliott, President/CEO of the MCUS, said the deal opens the door for members living in Mississippi to utilize shared branching facilities near their home to conduct business.
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The customer-sourced investment will continue to support the digital banking provider's AI and digital loan origination initiatives.
6h ago -
Banks are posting record profits, benefitting from being in the middle of a hot credit cycle. Everything is going their way. The only question is, how long can it last?
6h ago -
A coalition of 20 state attorneys general, most of them Democrats, is opposing efforts by the high-cost lenders Enova International and Opportunity Finance to acquire banks. The state AGs warn that the companies are trying to dodge state interest-rate caps.
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FINRA's annual snapshot shows how the wealth industry is changing, from key business metrics and marketing trends to shifts in registration and a shrinking branch footprint.
July 16 -
The regional bank revealed plans Thursday to close most of its supermarket-based branches and replace about half of them with new, nearby standalone branches. The multiyear transition could attract $20 billion to $30 billion in low-cost deposits, executives said.
July 16 -
The bank regulators say they will limit the sending and storage of highly sensitive supervisory information, including by using alternatives such as on-site reviews and requiring notifying banks of data compromises within 72 hours.
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