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Credit union executives at the C-level have seen the writing on the wall about millennials for years, but a recent mobile-banking milestone has resulted in significant takeaways for the industry.

CU Journal asked readers to weigh in on why the industry has been losing small CUs at a rate of one a day for the last 15 years — and if that's a problem.

Despite being warmly received by the industry, the nomination joins a long list of presidential appointments that are being help up in the Senate.

Second-quarter earnings at Cathay General Bancorp in Los Angeles fell 22.9% to $34.8 million from a year earlier on a triple-digit spike in chargeoffs.

Profits rose by 9% at Capital One Financial during the second quarter thanks to strong growth in the firm's credit card and commercial banking businesses.

Visa and Mastercard both face the prospect of becoming "dumb pipes" as other companies innovate on top of their networks. To combat this trend, both are taking steps to be major players in the digital economy.

The Consumer Financial Protection Bureau's plan to rein in payday and other lenders has some noticeable benefits for consumers, but much of the proposal should be revised.

JPM to Settle Hiring Probe; PayPal, Visa Make Nice

LegacyTexas Financial Group in Plano has met its original purpose of becoming a big player in its home market.

SunTrust Banks in Atlanta on Friday reported a slight increase in profit that could have been greater were it not for a surge in energy chargeoffs.