-
A lawsuit alleging Wells Fargo improperly compensated its California-based mortgage loan officers could have broader ramifications now that it has been granted class certification.
February 8
-
The three large banks banks are joining a number of institutions in agreeing to eliminate fees for Californians who receive benefits via electronic transfer cards. Chase and BofA will also waiving the fees nationwide.
February 8
-
Maureen Genna will take over from retiring CEO Linda Levy, who gained notoriety when she sued the Trump administration.
February 8
-
Michael Athens was the Albuquerque, N.M.-based institution's vice president of operations before serving as interim president and CEO.
February 8
-
BB&T is buying SunTrust Banks, creating a $442 billion-asset institution. Credit unions are hopeful the mega merger will present an opening to pick up new business.
February 8
-
Members at Star Credit Union, which has just $32,000 in assets, have approved the proposed merger into Summit.
February 7
-
After a 50% increase in bank acquisitions by credit unions last year, analysts are predicting even more deals in 2019.
February 7
-
The industry's largest acquisition in more than a decade will create the sixth-biggest bank in the country, with assets of more than $442 billion.
February 7
-
John Asbury says his Virginia bank, soon to be renamed Atlantic Union Bank, could eventually stretch from Charlotte, N.C., to Baltimore and take on the big players that dominate those markets.
February 6
-
Payments providers PXP Solutions and Kalixa have merged to form PXP Financial, a London-based company focused on delivering omnichannel services to merchant acquirers.
February 6 -
Nordea Finance will license Divido’s white-label point of sale lending platform for launch to retailers across several Nordic countries.
February 6 -
Hometown Financial will merge Abington Bank into Pilgrim Bank. The combined bank will be run by Andrew Raczka, Abington's CEO.
February 6
-
The Albany, N.Y.-based credit union has already named a successor for when CEO Paula Stopera retires in May.
February 6
-
The company will gain four branches in Athens, Ga., with the $52 million acquisition.
February 6
-
The pushback on stores that don’t accept cash seems to be gaining momentum, with Philadelphia the latest municipality to consider a law that would ban cash-free shops.
February 6
-
The division of the Indiana Credit Union League, along with CUs and other industry organizations, has made a number of new hires and promotions.
February 5
-
A top official at the Office of the Superintendent of Financial Institutions defended tougher underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that regulations could ease if conditions change.
February 5
-
Shareholders in Subchapter S corporations will get some tax relief of their own under a new Treasury Department rule that will let them take a 20% deduction on qualified business income, which includes loan originations and sales.
February 5
-
Tim Green is taking over at the California-based credit union following the retirement of longtime CEO Richard Andrews.
February 5
-
Peru is planning a real-time payment system with Vocalink that will put the country on par with similar systems in Thailand, Singapore, the U.S. and the U.K.
February 5
