Fynanz Tops 200 CU Lending PartnersNEW YORK-Fynanz, Inc., a provider of student loan marketing, education, origination and repayment solutions for lenders, said it added four CUs, raising its list of clients to more than 200 credit unions that are leveraging its private student lending technology: $376-million Sunmark FCU, Latham, N.Y., $725-million Los Angeles FCU, $1.9-billion Travis Credit Union, Vacaville, Calif., and $301-million CommonWealth One FCU, Alexandria, Va.For info: www.fynanz.comCUNA Mutual Names CIO 100 AwardMADISON, Wis.-CUNA Mutual Group said IDG's CIO magazine named the CUSO as one of its 2012 CIO 100 honorees, which recognizes organizations that exemplify the highest level of operational and strategic excellence in information technology. CUNA Mutual was honored for its Smartphone Loan technology, a mobile web application that enables credit union members to apply for a loan anywhere they take their smartphones.For info: www.cio.com or www.cunamutual.comCallahan Expands OwnershipWASHINGTON-Callahan & Associates announced an expansion of ownership, as Jon Jeffreys, VP of Callahan Financial Services, Jay Johnson, EVP, Alix Patterson, chief operating officer, and Scott Patterson, VP of new business innovation, joined Chip Filson and the Callahan Employee Stock Ownership Program as equity owners of the firm.For info: www.creditunions.comCovera Adds 83 ContractsALBANY, N.Y.-Since the Durbin interchange amendment took effect Oct. 1, 2011, Covera has added a total of 83 new CU contracts, the firm said, noting that 56 credit union clients entered into new contracts that added PIN processing with FIS in order to be compliant. An additional 13 credit unions signed new contracts to add NYCE as their second unaffilated POS network. Of the 56 credit unions, 14 also chose to provide additional value to their members by contracting with Covera to add access to CO-OP's surcharge free network.For info: coverasolutions.comCoastal selects STARî NetworkATLANTA-Coastal FCU of Raleigh, N.C., has signed a multi-year agreement with STARî Network for PIN-secured debit point-of-sale (POS) and ATM access to its cardholders.For info: www.star.comCU Adopts Teller Management SystemALPHARETTA, Ga.-Financial Management Solutions, Inc. (FMSI), said Warren Federal Credit Union has adopted FMSI's Teller Management System(tm), replacing its in-house staffing model. The CU said it outgrew its in-house model because it was designed only to prevent overstaffing, as opposed to dealing with more detailed staffing and scheduling requirements.For info: www.fmsi.com
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The Federal Trade Commission has ended enforcement of disparate-impact claims under federal antidiscrimination law, aligning with the stance taken by other federal agencies during the Trump era.
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Berger Financial Group plans to more than double its footprint and staff, and Investcorp is looking at more opportunities beyond supporting Berger in the "untapped" wealth space.
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The federal agency has denied the Dutch neobank's de novo bank charter application, citing "significant supervisory and compliance concerns."
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Gateway Bank, which has narrowed its losses under new CEO Mukhtar Ali, hired a team of residential-construction lenders to speed its return to profitability.
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The core provider is conducting a review of its offerings after a 21% decrease in earnings per share and a drop in revenue from its core banking sector.
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Near-term expectations for price growth fell in the latest consumer sentiment survey from the Federal Reserve Bank of New York, but remains above the central bank's target across all time horizons.
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