Daily Edition

The company has agreed to buy Fortune Financial, which would give it a toehold in the St. Louis area.

Rohit Chopra, a liberal consumer watchdog, was approved as the agency’s director nine months after the Biden administration first announced him as the nominee.

The National Credit Union Administration issued two prohibition orders and two notices of prohibition, bringing the yearly total to 20.

Clothilde Hewlett, executive director and chief legal officer of the Cal Alumni Association, would succeed Manny Alvarez, who stepped down in June.

Acting Director Sandra Thompson said the Federal Housing Finance Agency is considering changes to the risk-based fees that critics say have disproportionately hurt minority borrowers of low down-payment loans.

TD and others are partnering with the money transmitter to respond to the competitive threat posed by startups offering low-value remittances. "Change is going to happen. Real-time payments are coming," a TD executive said at American Banker's Card Forum.

The Federal Reserve chairman told lawmakers that the central bank wouldn't try to block other cryptocurrency providers if it decides to issue a digital dollar. At the same hearing, Treasury Secretary Janet Yellen continued to defend a proposal requiring banks to report customer account information to the IRS.

The company has already surpassed a five-year target announced in 2018, and set a new goal of hiring an additional 10,000 by 2025.

The $63 million-asset Texas Federal Credit Union in Dallas is combining with the $1.6 billion-asset Texas Trust Credit Union in nearby Arlington.

The account, which is similar to those offered by numerous other banks and credit unions, has been certified as meeting certain affordability criteria for low-income people.

The cash and stock deal, which is expected to close early next year, would nearly triple the number of branches Mississippi-based BancPlus has in the greater New Orleans area.

Daily edition for September 30, 2021

Employees at Beneficial State Bank secured banking's first labor union contract in 40 years and now are calling on Congress to pass legislation, drafted by House Democrats, to protect front-line workers across the industry.

The dispute turns on the “discharge for value” defense, established by a 1991 New York court ruling that creditors can keep money sent to them in error if they didn’t realize the payment was a mistake.

Several company leaders will relocate to Atlanta as part of the expansion, and the office will focus on technology and client services.