ALEXANDRIA, Va. - (03/02/06) -- NCUA is expected to propose newrules later this spring that would expand the roll of credit unionmembers in the conversion to mutual savings banks. The proposalswould, among other things, require a board of directors to collectcomments from members prior to voting on converting to bank andfacilitate communications between members on the charter switch,sources told The Credit Union Journal. They would also require thatballots on the conversion be included only in the final of threerequired mailings disclosing the details of the conversion, so asnot to suggest that members need to vote quickly. The proposals areexpected to be issued for public comment some time thisspring.
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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.
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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