Location Root Tag

David Murphy, the credit union's vice president of risk and finance, will succeed Carol Adler, who is retiring.

Brim Financial contends there's an innovation gap for installment lending that favors larger lenders.

Two banking bills signed by Gov. J.B. Pritzker carry implications for payday lenders, auto title lenders, credit unions and nonbank mortgage lenders. Pritzker, a Democrat, said the bills will address racial-equity gaps in the state.

Paul Marsh resigned as president and CEO of the South Bend, Ind., credit union on Tuesday after 30 years there. An interim chief has been named and the board is searching for a permanent successor.

The fintech, which has applied for a California banking license and federal deposit insurance, aims to become a full-service online bank for 1 million Americans by year-end, says Ron Oliveira, its U.S. chief executive.

Timothy Collia will step down from the Portsmouth, N.H.-based institution later this year. A search for his successor is already underway.

The Rhode Island institution's next CEO has led lending operations at nearby Navigant Credit Union since 2017.

The State Department has added 14 Chinese lawmakers, including a member of the Communist Party’s ruling Politburo, to a blacklist under the Hong Kong Autonomy Act. Banks face sanctions if they do business with them.

Facing accusations of illegally using client accounts to move money to its U.K. headquarters from a Brazilian bank, Wise (formerly Transferwise) vehemently denied those actions and said it is the target of a smear campaign.

Longtime leader John Young plans to retire at the end of 2021, and the credit union has hired Humanidei to find a replacement.