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Moderates on the Financial Services Committee are attempting to block legislation that would extend the 36% interest rate cap on loans to military personnel to all consumers.
December 6 -
Federal and state policymakers wagged their fingers this week at high-cost lenders that might be looking to team with banks to evade a 36% ceiling on interest rates.
December 6 -
In theory, the beauty of e-commerce is that a merchant can court any shopper in any part of the world with an internet connection. In practice, attracting a shopper and providing them with the customer experience they expect will look different in every country, says Lee Clifton of JP Morgan Merchant Services.
December 6
JPMorgan Merchant Services -
The company will pay $122 million for six branches and nearly $1 billion in assets.
December 5 -
While digital channels are becoming more popular, many banks remain committed to highway advertising.
December 5 -
Stephen Grech, currently CEO of Monroe County Community FCU, will move to the $225 million-asset LOC early next year.
December 5 -
Those yard-long paper receipts that spew from cash registers may be following plastic bags and foie gras into the dustbin of New York City history.
December 5 -
The country's top six banks were sideswiped by rising provisions for soured loans and slumping capital markets.
December 5 -
The Albany-based credit union has picked up tiny City of Schenectady Employees FCU, which has struggled with profitability issues for years.
December 5 -
EVP/COO Kim Reedy will take the helm after David Doss steps down.
December 5 -
Christopher Maher, who has announced seven bank deals since 2015, says a stable rate outlook will help buyers and sellers crunch merger numbers.
December 4 -
The industry's dominant growth strategy of 2019 was a hot topic during a House Financial Services Committee hearing.
December 4 -
Nationwide Building Society is investing in the U.K. fintech charity app Percent, broadening Nationwide's support of charities and expanding Percent’s user base beyond its traditional core segment of students and young adults.
December 4 -
The Mechanicsburg, Pa.-based credit union has revamped its financial literacy offerings to align with in-school curricula on the topic developed by the Pennsylvania Department of Education.
December 4 -
Paytm and Walmart are each offering credit in India to obtain a competitive advantage in an environment that's typically more welcoming than that of China.
December 4 -
Apollo Bank's agreement to be sold to a credit union has bankers worried there will be larger such sales in 2020.
December 3 -
Craig Howie, who joined the bank after a merger, will succeed the retiring Jon Evans on Jan. 1.
December 3 -
Negative benchmark interest rates are becoming commonplace in Europe and Japan. Here’s what US credit unions need to know in case that happens here.
December 3
Bonneville Power Administration -
Concerns over surviving another recession coupled with issues such as keeping up with technology could cause more credit unions to find partners.
December 3 -
The chairman of the National Credit Union Administration will have to answer lawmakers' questions about his political activities, while comments on various agency proposals are also due this week.
December 3























