Washington DC

The most common credit union mergers involve a small credit union being acquired by a much larger one, but that could be changing, as three recent deals involving credit unions with more than $300 million in assets as the ones being merged out.

Bigger credit unions present a formidable challenge for banks in areas such as business lending.

The two major national credit union trade associations have sent recommendations for improving the Consumer Financial Protection Bureau’s enforcement processes.

Rebeca Romero Rainey, who has been on the job for less than a week, has already slammed postal banking and pressed for more regulatory relief. In a Q&A, she discusses her plans to foster innovation, tackle succession issues and encourage more banks to stay independent.

Christopher Bergstrom led Cardinal Financial when it sold itself to United Bankshares in 2017.

CUNA and NAFCU have both submitted letters requesting civil investigative demands from the bureau be more specific as to the conduct under investigation.

On one hand, banks could face regulatory pressure to restrict services to the firearms industry. But banks that take a strong stand also risk the wrath of GOP lawmakers opposed to such restrictions.

Both national credit union trade associations submitted letters in advance of CFPB acting director Mick Mulvaney's House Financial Services Committee hearing.

Credit unions will know soon how much regulatory relief they might see from Congress and the Consumer Financial Protection Bureau.

Congress has left Washington for a two-week recess, and credit union leaders are being urged to make their case for reg relief while legislators are back at home.

Credit unions will be watching as the Senate's regulatory relief bill heads to the House, but government spending and interest rates may delay that process by several weeks.

The bill – similar to legislation previously put forward – would delay implementation of NCUA's risk-based capital rule by an additional two years.

Marathon International Bank would target the Ethiopian community with specific advertising and educational programs.

Lower East Side People's Federal Credit Union's case against the appointment of Mick Mulvaney as head of the CFPB turns on whether it has standing to sue.

Rather than jump right away into lending to car buyers, Access National will start by offering CRE and M&A financing to dealerships.

The regulator on Thursday announced a delay in the implementation of its prepaid rule, along with safe harbor for HMDA data reporting.

Credit union trade associations applaud as legislation moves forward with bipartisan support.

Mary Anne Bradfield currently serves as chief of staff at the U.S. Small Business Administration.

Beyond overall tax cuts, there's also potential benefits for investors in fintech and payments innovation, writes Rick Lazio, former Republican Representative from New York and current senior vice president at alliantgroup.

Letters from CUNA and NAFCU say credit unions are facing significant litigation threat from frivolous suits.