A crew of credit union community sailors will be aboard a boat captained by Honda FCU CEO Jim Updike when it participates in this year's Race for the Kids, also known as the Newport to Ensenada International Yacht Race. Seeking to raise money for the Children's Miracle Network, the goal is to surpass the $11,000 raised last year. This crew of 10 aboard the 48' boat will include, in addition to Updike, Matt Flynn and Brian Scott from The Members Group in Iowa; Bill Enslin of Creditor's Insurance Services; Tom Swedberg and Tim Sidley from Wescorp; Kevin Kindschi from CUNA Mutual; Charles Clark from LBS Financial CU, and Ken Facer from Arrowhead Credit Union. Each crew member is contributing toward the expenses. The 125-mile race is from Newport on April 23. More than 600 boats participated last year.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
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A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025.
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The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
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The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
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New York State's former top regulator Adrienne A. Harris has rejoined Sullivan & Cromwell as of counsel and senior policy advisor; Founders Bank appointed Karen Grau to its board of directors; Deutsche Bank's DWS Group is opening an office in Abu Dhabi; and more in this week's banking news roundup.
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Earned wage access provider EarnIn, which historically has been known for direct-to-consumer EWA, is now integrating its services with payroll providers. The move comes as consumer advocate groups step up efforts for stricter regulation of the industry.
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