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Pomona Postal Federal Credit Union is the fifth institution for which the agency has taken this action this year.

Under federal law, individuals with criminal records must receive government approval to work at a bank. Leeway has been granted over the years, but now the industry plans to lobby Congress to eliminate major hiring hurdles.

Many of the consumers who embraced online and mobile channels during the pandemic are seeking help from human bankers more than ever, according to research from Cornerstone.

The Florida bank's agreement with the core provider FIS is expected to reduce annual expenses by $12 million. Analysts expect more banks to make similar moves.

Fearing government intrusion, financial institutions’ own clients rallied against the Biden administration plan for their account information to be shared with the IRS. Their involvement added weight to the industry’s opposition.

Citigroup, BNY Mellon, JPMorgan Chase and PNC are each working to enable wireless providers, public utilities and other companies to instantly receive funds from the consumers they bill.

The $457 million-asset Heritage Credit Union in Deforest has agreed to merge with the $3.7 billion-asset Connexus Credit Union in Wausau, forming a company with more than 420,000 members.

A new proposal to allow the Small Business Administration to offer credit directly would pull customers away from community lenders, writes the head of a credit union trade group.

With its agreement to buy KS StateBank’s residential mortgage operation, Kansas-based Armed Forces is going all in on home lending.

The Office of the Comptroller of the Currency has raised “certain regulatory concerns” about Blue Ridge Bankshares, delaying its combination with FVCBankcorp well into next year.