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First Tennessee Bank in Memphis announced Wednesday that it will commit $1 million to Operation Hope’s new HOPE Fund to offer free financial literacy education in low-income communities.

The National Credit Union Administration on Tuesday said it will receive $1.1 billion to settle legal claims against Royal Bank of Scotland related to the sale of faulty mortgage-backed securities to two corporate credit unions.

Comptroller of the Currency Thomas Curry provided new details Wednesday about guidance expected soon that will attempt to discourage banks from cutting off relationships with foreign financial institutions in certain parts of the world.

A trio of executives moved up to the C suite and other CU professionals in the news.

CU Bancorp in Los Angeles has agreed to a consent order to address deficiencies in its Bank Secrecy Act and anti-money laundering compliance program.

NCUA Chairman Rick Metsger has proposed changing the name of NCUA's Office of Consumer Protection to the Office of Consumer Financial Protection and Access.

Boeing Employees Credit Union (BECU), a $15-billion institution based in Tukwila, Wash., announced that industry veteran Parker Cann will retire at the end of this year.

If stories like the Wells Fargo scandal are repeated at other institutions, U.S. banks could soon experience the same reputational and regulatory fate of their cousins in the United Kingdom.

A new wave of exciting innovation is presenting businesses with opportunities to improve processes and the consumer experience.

Though the IBM survey did not include any credit unions, the industry has been monitoring this trend for some time and will bet keeping a close watch on the banks' experience with this technology.