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The Saginaw, Michigan-based credit union brought its credit card program back in-house to capture more member spending and gain added control over customer relationships. Previously, its credit card program was managed by a third-party vendor.
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Megan Ryan joins American Banker from the Chicago Fed, bringing insights on the payments industry exclusively for subscribers.
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The New York-based bank, which serves plaintiff law firms, agreed to pay $348 million for a Windy City community bank.
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A New York state bill would reduce the barrier for minority-bank and community-bank participation in the state's long-standing Banking Development District program.
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A threat that was probabilistic is now official. An Iranian military spokesperson warned of a "painful response" against U.S.-linked banks.
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Industry comments are favorable, but with statements like "no bill is perfect" and "bold action is needed," groups want changes before it goes to the president.

















