Americas

The Federal Reserve Bank of New York has terminated a regulatory agreement with Intervest Bancshares (IBCA), declaring that the New York City company has satisfied all the provisions of the pact.

TAMPA, Fla. — From smartphone control of plastic to a growing need for tokenization, all the data breaches that have occurred in the last six months have created a buzz among analysts about how the compromises will affect cardholders and FIs.

MANSFIELD, Texas — Texas Trust Credit Union says it wants to be a $1 billion institution by the end of 2016, and the CU is moving in that direction with double-digit growth in assets, loans and members last year.

HAUPPAUGE, N.Y. — Many credit unions are missing out on auto lending opportunities because they're not engaging with their members early enough in the car-buying process.

ALEXANDRIA, Va. — After switching to a new analytics vendor, $16.8 billion Pentagon Federal Credit Union reports that it has improved the application process for its branded credit card, increasing the conversion rate on applications.

MADISON, Wis. — One of the most visible changes at credit unions in the wake of the Great Recession has been the sharp increase in expectations for credit union directors — especially when it comes to financial education.

Credit Karma has raised $85 million in equity funds from Google Capital and existing investors Tiger Global, Ribbit Capital and Susquehanna Growth Equity.

Community West Bancshares (CWBC) in Goleta, Calif., has been freed from a written agreement with the Federal Reserve Bank of San Francisco.

A trio of mutual thrifts have filed paperwork to sell a total of $350 million in stock as part of planned conversions to stock companies.

The $3.7 billion-asset company filed a registration form with the Federal Deposit Insurance Corp. on March 10 for an initial public offering.