The Latest

The No. 3 U.S. bank by assets has made a change at the top after a snowballing scandal involving the creation of fraudulent accounts.

The change at the top of the No. 3 U.S. bank by assets after a snowballing phony-accounts scandal marks the rare case of a major U.S. bank CEO resigning amid accusations of company misconduct. His successor, Tim Sloan, faces a hard road to recovery.

Helping kids, rewarding excellence in law enforcement and other noteworthy achievements are all part of the latest round-up of credit union community news.

Birthday greetings from Facebook friends are far more dangerous than many consumers realize.

WASHINGTON — Rep. Scott Garrett, R-N.J., is demanding answers from the Federal Reserve Board on whether one of its board member's political ties to the presidential campaign of Hillary Clinton compromises the central bank's independence.

The latest Filene study is the first research report to emerge from the "think and do" tank's Center for Consumer Decision Making.

The Futurestep division at Korn Ferry, an organizational advisory firm, said it is establishing a dedicated Credit Union and Community Banking Recruiting practice area.

Heightened regulatory scrutiny, stricter credit-quality reviews by buyers themselves, cautiousness over systems conversions and other factors have added about three weeks to deal closings in recent years. There are inherent risks in that trend and ways to minimize them.

Canadian Imperial Bank of Commerce Chief Executive Officer Victor Dodig said new federal government housing rules will slow growth in mortgage lending, though he expects the decline to be manageable.

The $4.3 billion-asset parent of Century Bank and Trust Co. said in a press release Tuesday that its net income increased 5.2% in the quarter from a year earlier to $6.4 million, or $1.16 a share.