The Latest

The chairman of First National Bank of Santa Fe has accepted additional duties ahead of the bank's upcoming merger.

With the Office of the Comptroller of the Currency evaluating the possibility of a nationwide charter for certain fintech firms, state regulators are voicing concerns that a charter could cut into their authority.

U.S.-based credit unions aren't the only ones engaged in a slew of mergers — the trend is also underway across the pond.

Carrier billing provider Boku will offer its service in Lithuania through an expansion of its partnerships with Google and Bite.

The shifting attitude of Asian consumers such as Chiu is upending the economics of the credit-card industry, and banks like Citigroup Inc., HSBC Holdings Plc and Standard Chartered Plc are taking note. The banks, which increasingly rely on the region’s swelling number of affluent people to drive profits, are slashing the number of card products they offer in Asia and focusing instead on getting a smaller range of cards adopted for online payments.

CUES welcomes Canadian CEO to its board, Florida CEO earns recognition and more CU professionals in the news.

The first commercial mortgage-backed security to comply with "skin in the game" requirements was extremely well received. Market participants credit the way the large banks sponsoring the deal retained the risk – a strategy unavailable to nonbank lenders.

Credit Unions are generally less likely to use or enforce arbitration clauses, but many institutions still include them as part of membership agreements.

The Consumer Financial Protection Bureau has appointed eight new credit union representatives to its Credit Union Advisory Council.

The California and Nevada Credit Union Leagues have partnered with education technology company EverFi to bring digital financial education to 70 of their member credit unions and the communities they serve.