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Other executives are being considered, too, but the list is dwindling as JPMorgan’s Gordon Smith and other big names are said to be out of the running. Meanwhile, senior Wells executives have pushed to keep interim CEO Allen Parker.
July 12
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President says Facebook could face “full banking regulation”; big banks’ farm loan portfolios have shrunk more than 17% since 2015
July 12
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The autonomous vehicle lending market isn’t expected to peak for decades, but some CUs are already jumping in, and they could be at the forefront of rapid shifts in the automotive industry.
July 12
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Readers react to the Fed warming up to CRA reforms, criticize the Democratic presidential candidates, defend Pittsburgh as a megabank attraction and more.
July 11
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CUs in both states surpassed total asset milestones, but many business lines are growing at a slower pace than they were one year ago.
July 11
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As more credit unions deploy mobile video banking, some observers say if credit unions don’t hop on board now they could be left behind in the next few years.
July 11
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A recent investigation found that institutions taken over by the National Credit Union Administration “are often the least willing to work with borrowers struggling to afford their loans.”
July 10
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CUs in the Keystone State saw loan balances rise by 8.5%, while membership rose more than 3.3% to top 4.2 million.
July 10
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The Gramm-Leach-Bliley Act is a successful privacy law that ought to govern all financial services providers, not just banks.
July 10
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A growing number of credit unions are moving their headquarters to revitalized urban areas, and while some say that could help recruit new staff, it also carries the risk of being associated with gentrification.
July 10
