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Following a new blueprint, card issuers are seeing returns on assets above 4% for the first time since before the financial crisis. How long the good times last will depend partly on how well the U.S. economy weathers turmoil in China and other markets.
January 11 -
Conventional wisdom suggests scheduling ATM maintenance during slow periods to minimize impact to member service, but what if you didn't really know when those slow periods were?
January 11 -
DNB Financial in Downingtown, Pa., said its chairman and chief executive, William Latoff, has died. He was 67.
January 11 -
The Federal Deposit Insurance Corp. is using outdated methodologies to define "brokered deposits," stigmatizing stable sources of funding and forcing banks to pay higher premiums, according to bankers and several outside groups.
January 11 -
The rule, set for 2018 implementation, would force companies to record gains and losses from equity investments on their income statements. That should create volatility for 50 to 70 institutions, mostly mutuals, that have such investments.
January 11 -
A fintech startup is hoping that a pop-up branch approach will inspire consumers to replace check-cashing services and checking accounts with a mobile app that connects to a prepaid account.
January 11 -
CorePlus Federal Credit Union in Norwich, Ct., has rolled out new branding as it starts a major renovation of its company headquarters.
January 11 -
A municipal tax collection agency in Ohio has confirmed it lost personal data for an estimated 50,000 people who filed tax forms with the agency.
January 11 -
Eagle Bancorp in Bethesda, Md., has hired four bankers to a develop a business line making Federal Housing Administration-insured loans for multifamily rental properties.
January 11 -
The Financial Accounting Standards Board is giving a handful of community banks a chance to explain why a plan to change the accounting for loan losses will result in major hardship and credit unions may want to follow suit, according to one CU advocate.
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