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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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3