Americas

While social media is helping get younger members in the door, observers say credit unions won't get far without the right mix of products and services for millennials.

Wilmington Trust and some of its executives had been accused of intentionally understating past-due loans in 2009 and 2010.

Canadian startup Payment Rails, which aims to use APIs, blockchain and artificial intelligence to find efficient routes for cross-border payments, has closed a seed round bringing funding for its concept to $1.1 million.

Lending rose by more than 9 percent during the first half of the year and membership hit a new record.

Jeremia Kossen succeeds retiring CEO Darrell Olson, and has spent years in the credit union movement, including positions with CUs and at NCUA.

The loan product, which allows consumers retroactively to adjust a payment amount, illustrates how community-based institutions are trying to reach technologically savvy consumers.

The Ohio company's CRA rating took a hit after it inadvertently overcharged some customers.

The company, which is still recovering from two recent hurricanes, said it will voluntary comply with several key restrictions that were in the 2010 written agreement.

Rhode Island’s oldest CU is adding branches in the southern part of state, including purchasing former bank branches.

Wells Fargo's home state of California passed a law aimed at curtailing the bank's use of closed-door arbitration to shroud complaints from aggrieved customers affected by its scandals.