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Maryland passes legislation to oversee the earned wage access industry; Truist Financial adds ex-Morgan Stanley Finance Chief Jonathan Pruzan to its board; The Citizens Bank agrees to buy a First Capital Bank branch in North Carolina; and more in this week's banking news roundup.
7h ago
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The top five credit unions had more than $234 billion in loans and leases as of the end of Q4 2024.
May 29
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The Consumer Financial Protection Bureau's erosion and the second phase of the Capital One merger with Discover are top of mind for bankers going into June.
May 28
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Citadel Credit Union is joining the small cadre of credit unions active in the Small Business Administration's biggest loan program as it seeks to expand in its small-business-rich footprint.
May 27
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More than 200 employees are exiting the National Credit Union Administration as the credit union regulator pursues its Trump-era mandate to shrink government and slash operating costs.
May 22
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The top five credit unions in the ranking had combined deposits of more than $278 billion as of Dec. 31.
May 21
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The spending and tax package, which includes bank-friendly provisions, tax perks and GOP priorities, cleared a procedural hurdle after fiscal conservatives withdrew their objections over the weekend.
May 19
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The merger, which provides for $6.75 million in payments to three Space City Credit Union executives, had drawn criticism. But Space City members approved it by an 82% to 18% margin.
May 16
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Banks scored well in the tax bill out of Ways and Means this week, with wins on S Corps and rural lending, but have so far lost out on credit union taxes and additional burdens on payments competitors.
May 15
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Questions remain whether Trump can legitimately remove board members from the National Credit Union Administration, and the answers lie in the courts.
May 15
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The top five credit unions in the ranking had combined assets of more than $326 billion as of Dec. 31.
May 15
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Three executives at Space City Credit Union in Houston will get a total of $6.75 million if the cooperative's members approve a merger. The 12,000 or so members will split $5 million.
May 14
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Credit unions' federal tax exemption survived as the House Ways and Means Committee cleared Trump-backed tax cut extensions, but the issue could reemerge as a pay-for in final budget negotiations.
May 14
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Tentative appointments at the Federal Deposit Insurance Corp. and the Federal Reserve have compliance officers reading the tea leaves for future policy plays.
May 13
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The 29 companies that made this year's list offered flexible work schedules, generous amounts of paid time off and fun activities to keep employees happy.
May 13
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A draft spending bill slated for consideration in the House Ways and Means Committee Tuesday maintains the credit union industry's longstanding exemption from most federal taxes, but the issue is far from settled.
May 12
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The credit union partnered with Bloom Credit to offer members a new way to build their credit score by sharing rent and utility payment data.
May 7
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Vectra Bank Colorado President Bruce Alexander is retiring after 25 years with the bank; Unilever Federal Credit Union in New Jersey was shut down by NCUA; Vista Bank hired Bob Mahalik in preparation for Texas bank M&A; and more in this week's banking news roundup.
May 2
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Ex-National Credit Union Administration board member Todd Harper outlined legal, economic and political dangers of recent firings of independent regulators.
May 1
