PEWAUKEE, Wis. – The Wisconsin Credit Union League is blasting a bill introduced in the state legislature that has the backing of the state’s bankers association and which would apply provisions of the Community Reinvestment Act (CRA) to credit unions.
Brett Thompson, CEO of the WCUL, issued a statement saying the bill was introduced to deflect attention from that scrutiny on banks. The legislation isn’t expected to get far—it has one co-sponsor.
The bank was determined, by multiple industry rankings and experts, to be the best mobile banking provider in the U.S.. Bank of America took second place.
Succession planning experts say that the possible next generation of RIA owners need clear communication, tangible career paths and thoughtful compensation plans. But that is often easier said than done.
The move came 12 days after Canada's bank regulator said tokenized deposits are not legally distinct from ordinary deposits.
Bank of America, Capital One and other large banks have teamed up to publish a set of principles for agentic commerce. But the call for a set of standards from banks comes as other fintechs and payment companies are already forging ahead with the technology.
WestStar Bank of El Paso is acquiring Albuquerque's Southwest Capital Bank, bringing it six new branches in New Mexico.
The U.S. economy is expected to keep growing despite nagging inflation, according to the latest consensus report from the American Bankers Association's Economic Advisory Committee.
