Banking

Three executives at Space City Credit Union in Houston will get a total of $6.75 million if the cooperative's members approve a merger. The 12,000 or so members will split $5 million.

New York Attorney General Letitia James is accusing Capital One of deliberately deceiving customers and obscuring higher interest rates. The lawsuit comes less than three months after the CFPB dropped a similar case against the bank.

Credit unions' federal tax exemption survived as the House Ways and Means Committee cleared Trump-backed tax cut extensions, but the issue could reemerge as a pay-for in final budget negotiations.

Prior to the arrangement, gig workers were paid via prepaid cards. The new method is more secure and easier for users to manage.

The benefits of open banking are obvious and significant for consumers — especially those underserved by the current marketplace. Bankers and regulators should work to speed up its implementation.

Of the 10 deals that have occurred this year, nearly half were announced in April.

The Consumer Financial Protection Bureau has dismissed or withdrawn from more than 20 lawsuits as the Trump administration reverses the work done during the Biden era.

Average Americans are souring on their own financial health, according to a New York Fed survey. That includes their ability to pay off their debts.

Serious delinquencies on student loans jumped tenfold at the start of 2025, shortly after lenient pandemic-era policies came to an end. The greater pressure on consumers' wallets is a cause for concern at banks that rely on borrowers' ability to repay their debts..

Richmond, Virginia-based Atlantic Union is still integrating its recent acquisition of Sandy Spring Bank in Maryland. But CEO John Asbury has already begun plotting a new expansion course.

Tentative appointments at the Federal Deposit Insurance Corp. and the Federal Reserve have compliance officers reading the tea leaves for future policy plays.

Inclusion is a core tenet of the company, with headquarters in both the U.S. and India and a mission to expand access to education.

The 29 companies that made this year's list offered flexible work schedules, generous amounts of paid time off and fun activities to keep employees happy.

A draft spending bill slated for consideration in the House Ways and Means Committee Tuesday maintains the credit union industry's longstanding exemption from most federal taxes, but the issue is far from settled.

Citizens & Northern's deal for Susquehanna Community is the eighth involving a Pennsylvania seller in less than two years. An industry consultant based in the Keystone State expects the pace to slow as the number of buyers dwindles.

A 90-day pause on reciprocal tariffs between the U.S. and China boosted the near-term economic outlook for banks, but tensions and uncertainty around trade barriers remain high.

The fintech's first-quarter earnings results beat analysts' expectations on nearly every metric. Now, the second-look lender is looking to partner with regional banks as it builds out its pre-screen and lead generation platforms.

Navy Federal Credit Union is among the financial institutions that see an opportunity to serve the 20% of Americans born between 1997 and 2012.

New Jersey-based ConnectOne Bancorp received FDIC approval for its merger with First of Long Island Corp; lending-services fintech Oportun makes changes to its board of directors; Associated Banc-Corp's Steven Zandpour will succeed David Stein as head of consumer and business banking; and more in this week's banking news roundup.