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Belco Community Credit Union, headquartered in Harrisburg, Pa., and Cornerstone Federal Credit Union, Carlisle, Pa., on Thursday announced their intent to merge.

Receiving Wide Coverage ...Settled: JPMorgan Chase agreed to pay $264 million and admit it violated the Foreign Corrupt Practices Act to resolve charges that it hired relatives of Chinese government officials and managers of state-owned companies to win business in China. But it may only be the first of many banks to do so. Several other U.S. and foreign banks are under investigation for similar practices, including Citigroup, Goldman Sachs, Morgan Stanley, Credit Suisse, HSBC and UBS. "We do not expect this to be the last action resulting from that sweep," said Andrew J. Ceresney, the head of enforcement at the SEC.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

While around 70% of U.S. merchant locations still aren’t ready to handle EMV card transactions, Atlanta-based merchant acquirer Elavon, a unit of U.S. Bank, can tell the opposite story: 70% of its merchant clients will be EMV-enabled by the end of this year.

Forget about municipal governments. Through transactions such as payments, banks have a trove of data that can be used to revolutionize how cities work.

The Independent Community Bankers of America has asked a federal judge to reject a motion by the National Credit Union Administration petitioning for the dismissal of a lawsuit filed by the ICBA that challenges recent revisions to the agency's member business lending regulation.

The Independent Community Bankers of America have asked a federal judge to reject a motion by the National Credit Union Administration petitioning for the dismissal of a lawsuit filed by ICBA that challenges recent revisions to the agency's member business lending regulation.

WASHINGTON — Sen. Elizabeth Warren, D-Mass., sharply criticized President-elect Donald Trump's transition team on Thursday, saying he has reneged on his promises to "drain the swamp" and instead has put "swamp monsters" in charge.

WASHINGTON — Sen. Elizabeth Warren, D-Mass., sharply criticized President-elect Donald Trump's transition team on Thursday, saying he has reneged on his promises to "drain the swamp" and instead has put "swamp monsters" in charge.

Banks are butting heads with consumer groups and fintech firms over the need for new rules governing the use of financial data.