Location Root Tag

Experts say that despite having a few suits thrown out, the matter won't be settled until the Department of Justice provides clarity. But there are steps CUs can take to protect themselves until then.

BankFirst Financial Services in Columbus, Miss., has acquired HomeFirst, a mortgage services firm.

Doubling down on its surprise pivot to blockchain technology, the former parent company of Long Island Iced Tea—now Long Blockchain Corp.—is buying a U.K. tech firm specializing in distributed ledger technology and cryptocurrency.

Park National, which came to regret its acquisition of a Florida bank just before the financial crisis, took more than a year to vet NewDominion before making an offer.

The National Credit Union Administration cited "unsafe, unsound practices" that led to the move to conserve the $4 million-asset institution.

Online banks and some credit unions are responding to Fed rate hikes by aggressively raising deposit rates on CDs, savings accounts and money market products, while the nation's biggest banks are largely standing pat — for now.

Butke has been in credit unions for 40 years, the past 25 building the Ohio-based corporate.

With substantial regulatory relief within reach, community bankers should use their clout to shape cybersecurity policy and ensure a level playing field for banks and nonbanks, retiring ICBA chief Cam Fine says.

The company's deal for Coastway Bancorp in Rhode Island makes sense since both institutions are former credit unions.

Adyen is working to expand its point-of-sale presence in its push to become an omnichannel payments provider, this week reaching Singapore.

A customer is claiming that the Chicago bank operates a "predatory" overdraft fee program.

Organizers in Winston-Salem are planning to raise at least $25 million to form Community Bank of the Carolinas.

Just 16 months after demonetization forever changed the way Indians pay for things, WhatsApp is set to disrupt the market yet again.

Coinbase Inc., one of the largest cryptocurrency exchanges, said it obtained an e-money license in the U.K. as it expands services in Europe. A local subsidiary also opened an account at Barclays Plc, easing deposits and withdrawal for clients.

The credit union's deal for American Founders Bank would be the third credit union acquisition of a bank this year.

Roxana Willis was CEO of Battle Creek, Mich.-based School Employees Credit Union from 1991 to 2007. Today the credit union is known as BlueOx CU.

On-demand transportation and mobile payments provider Grab has launched Grab Financial, which will serve as its fintech platform.

China’s Ant Financial, which already has a large stake in India’s Paytm and operates its own Alipay wallet in China, is taking a 45% stake in Pakistan’s Telenor Microfinance Bank (TMB).

Timothy Zimmerman is optimistic about regulatory relief and the capabilities of the association's next CEO, but he remains wary of nonbank competition and cybersecurity risk.

The National Credit Union Administration has approved a field of membership expansion for the Myrtle Beach-based credit union.