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IAM Community Federal Credit Union in Enterprise, Ala., voted last year to rebrand as a way to attract more members under its community charter.
May 17 -
The U.S. and Europe should continue to harmonize their banking rules, including for foreign banking operations, just as they did in the wake of the financial crisis.
May 17
European Banking Federation -
Heritage will have 17 branches around San Francisco when it completes the $200 million acquisition.
May 17 -
Farmers were already taking on more debt to cover losses from falling crop prices. New tariffs and other retaliatory moves could hurt ag borrowers further and lead to loan losses and tighter underwriting.
May 16 -
Edward Rostohar, who was CEO of CBS Employees Federal Credit Union, could face up to 15 years in prison following a $40 million scheme that brought down the institution.
May 16 -
The American Institute of Certified Public Accountants says banks are fighting accounting fatigue — thank CECL for that — and wants the FASB to push back a deadline for privately held firms to put operating leases on their balance sheets.
May 16 -
Meridian Corp. may have breached sales agreements after originating nearly $100 million in loans in a state where it lacked a license.
May 16 -
The first day of CU Direct's annual Drive conference included insights from dealers, executives at online car-buying platforms and more.
May 16 -
From availability issues to regulatory hurdles and changes in marketing strategies, dealers say there is plenty credit unions can do to improve relations between the two sides.
May 16 -
A bill that would have capped payday loan rates at 36% failed to get through committee, but credit unions have pledged to continue to fight for the legislation.
May 16 -
The new initiative could help expose American credit unions to best practices in biometrics, payments and monitoring collateral from their counterparts in Africa, Asia and beyond.
May 16 -
As Metro Bank’s problems mount, calls for Hill’s ouster as chairman are getting louder.
May 15 -
Rep. Donald Payne, D-N.J., recently introduced the Payment Choice Act in the U.S. House of Representatives to prohibit retail businesses from refusing cash for payments.
May 15 -
Tencent Holdings Ltd. reported the slowest pace of sales growth since it went public in 2004, as China’s largest company struggles to revive a battered gaming division while battling the country’s decelerating economy.
May 15 -
More than half of all states don’t have an electronic system to track car titles and liens, which increases the potential for fraud and costs for lenders.
May 15 -
Sainsbury’s has launched the U.K.’s first mobile-only checkout-free grocery store, inviting comparisons to what Amazon Go is doing in the U.S. But their models are far from identical.
May 15 -
The Nashville, Tenn., company hired Tim Schools from Highlands Bancshares to succeed founding CEO Claire Tucker.
May 14 -
The new capital will allow the Austin bank to increase its lending limit.
May 14 -
Intense competition for information technology pros is forcing community banks to recruit from outside the financial industry.
May 14 -
The Illinois company will gain six offices after it buys Investors' Security Trust.
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