Location Root Tag

Along with amendments to the Bank Secrecy Act, the Taxpayers First Act could help credit unions maintain their tax-exempt status.

Sloane, who died on Saturday, refused to bulk up on commercial real estate loans, a move that helped him survive two severe economic downturns.

The U.S. territory has some of the nation’s highest electricity prices, but a new law spurred by Puerto Rico’s cooperativas could be a game changer for the island.

The combined organization, representing nearly 500 member credit unions, is expected to launch early next year.

The moves are part of an ongoing effort by the Seattle bank to largely exit mortgage lending.

A plan to join Deer Valley and Canyon State credit unions still needs approval from regulators and members of both institutions.

The companies had planned to make Chemical CEO David Provost the new leader before October's market gyrations led them to break off talks. When they revisited the deal, several things changed — including Provost's role.

The Tennessee company has set up a $3.5 million reserve associated with the unnamed borrower.

Because various aspects of the General Data Protection Regulation were made public two years before they became official law, European lawmakers naturally felt it gave companies plenty of time to get data security compliance in place. But it appears most companies either lost track of time or haven't solved the compliance puzzle yet.

In a unique deal, organizers of Village Financial Cooperative received $500,000 from the Minneapolis City Council as they aim for a June opening.

The two banks will each give $15 million to the Foundation for the Carolinas, which supports affordable housing development in Mecklenburg County.

Mark Fierro, who was previously the CUSO's chief operations officer, was named as interim CEO late last year.

Commercial Bank of Ivanovo, in which former North Carolina Representative Charles Taylor owns an 80% stake, regularly broke anti-money-laundering regulations and used “schemes” to artificially inflate its capital, according to a central bank statement.

The speed of technological change is forcing Britain’s retail payments authority Pay.UK to redesign its core infrastructure.

The Bedford, Ind.-based credit union distributed a $2.7 million dividend to members in recognition of a year that saw loan growth exceed 9%.

The Jacksonville-based credit union kicked off 2019 by buying a bank and expanding into Georgia, but VyStar's moves may hold lessons for CUs far beyond the southeast.

The North Carolina company was hit with a tax penalty tied to its purchase of Chattahoochee Bank of Georgia.

The San Jose, Calif.-based credit union decided to make the change because there were too many other financial institutions with a similar name.

International payments provider Currencies Direct is offering a new online platform for batch payments to help clients making multiple payments in different currencies.

Visa’s proposal to buy Earthport — which already survived a brief bidding war with Mastercard — is getting a closer look by the U.K.’s antitrust watchdog group.