Americas

As tax reform spurs demand, a rising rate environment is making the short-term loans more appealing to banks.

A bill before Missouri's House of Representatives has several provisions that would put more regulations on payday lenders without harming CUs offering similar, safer products.

LGE Community Credit Union has a deal to acquire Georgia Heritage Bank. It's the fourth time this year a credit union has agreed to buy a bank.

The Portland, Ore., company has hired four private bankers from City National as part of a broader effort to provide a full range of services to business owners and high-net-worth households in Orange County and San Diego.

For the U.S., being late to the real-time payments game has some tactical advantages, namely the ability to learn from other countries' successes and failures.

The credit union trades are standing behind The Infirmary Federal Credit Union in its motion to dismiss.

The $10.6 million-asset credit union has selected Credit Union Resources, Inc. to conduct a search for CEO Cecil Barker's replacement.

China's declaration on Wednesday that its payments market is now open to foreign companies gives Chinese payments processors an opportunity to grow globally — but it's made similar moves before, with little effect.

Rebeca Romero Rainey, while known as compassionate banker and less of a firebrand than her predecessor at the trade group, will take firm stands for small banks on reg relief, innovation and fair play, say those who know her.

UBS agreed to pay $230 million to resolve a New York state probe into the Swiss bank's marketing and sales of residential mortgage-backed securities before the financial crisis, boosting the state's recoveries in the investigation to almost $4 billion.