NCUA has signed a memorandum of cooperation with the Export-Import Bank of the United States that seeks to strengthen financing support for America's small businesses. NCUA Chairman JoAnn Johnson and Ex-Im Bank Acting Chairman James Lambright signed the agreement at the Ex-Im headquarters in Washington. "The loan program guarantees available through the Ex-Im Bank are a great resource for the nation's credit unions to assist their members' small businesses, by facilitating additional access to capital and credit to expand and grow their small businesses," said Johnson at the signing ceremony. For info: www.exim.gov.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
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The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
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Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
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Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
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The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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