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The multifamily market is heating up as apartment owners and investors refinance in a rush to lock in low interest rates, but caps on government-backed lending programs are threatening to disrupt momentum.

Computer Sciences Corp. rose as much as 7.1 percent after Reuters reported the technology consulting company plans to split in two.

The Federal Accounting Standards Board (FASB) has indicated it plans to make changes to how financial institutions calculate allowances for loan loss reserves, moving from an incurred loss model to an expected loss model.

Credit unions that offer services such as mobile banking, will have a competitive advantage by providing additional touch points, delivering a top-notch customer experience and engaging with customers via their preferred method of banking.

Moreover, conventional wisdom says that these people are understandably wary of going further into debt and therefore don't have much of an appetite for additional loans, even if a credit union was willing to make them.

Just two days after Rick Menton became CEO of Cherokee Strip, all but one member of the loan department resigned. Yet just 18 months later, the $88 million CU boasts 100% loan growth, 10% membership growth and a positive ROA for the first time in five years at .88%.

Unemployment and gas prices are both down, and interest rates may soon be heading up — all of which spells good news for credit unions' bottom lines. That's the verdict from a number of CFOs and economists who spoke with Credit Union Journal and predicted that while sunnier times may be on the way, CUs can do more now to bolster the bottom line later.

B of A's Board Backs Moynihan; Is Nick Szabo the Real Bitcoin Creator?

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

A Jackson County, Mo. jury awarded a woman $251,000 in damages and assessed $82 million in punitive damages against the collection agency that sued her for a debt she said was not hers.