Regulation

Recent political controversies are forcing credit unions and industry groups to reconsider their support for lawmakers they previously endorsed.

The regulator completed a thorough process, which included ensuring investors would treat borrowers well, before settling on a buyer.

The FDIC’s Quarterly Banking Profile said lackluster net interest income, likely resulting from lower short-term interest rates, drove a decline in fourth-quarter and full-year earnings.

Giving more Community Reinvestment Act credit to such partnerships will help low-income communities, despite industry concerns.

Legislation introduced Monday would go beyond changes the National Credit Union Administration put in place last year and increase parity with state-chartered institutions.

NCUA board member Mark McWatters defended the agency's position on credit union-bank purchases and called out the ongoing sniping on both sides of the argument.

The Credit Union National Association is submitting a FOIA request to get more information about the National Credit Union Administration's recent portfolio sale, but further action could be necessary if those answers aren't satisfactory.

The author of a recent op-ed fails to realize that making credit unions pay corporate taxes would drive up costs for customers and weaken the economy.

The deal, which could be announced Monday, would push the TurboTax maker into consumer finance; the bank would follow U.S. rival Goldman Sachs into the British market.

Bernie Sanders’ rise to front-runner status for the Democratic nomination worries many bankers, but their opinions diverge on his electoral chances and whether a Sanders presidency would pose a direct threat.