Pushback from banks, a smaller pool of sellers and potential regulatory hurdles could pose setbacks for credit unions this year.

Federal legislation introduced this week by Rep. Gregory Meeks, D-N.Y., would ensure that taxi drivers don't get taxed on medallion debt that gets forgiven. The bill dovetails with a debt forgiveness plan under development in New York, where hundreds of drivers have filed for bankruptcy.

Federal legislation introduced this week by Rep. Gregory Meeks, D-N.Y., would ensure that taxi drivers don't get taxed on medallion debt that gets forgiven. The bill dovetails with a debt forgiveness plan under development in New York, where hundreds of drivers have filed for bankruptcy.

People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans.

Following a 44% jump in the number of CU-bank acquisitions in 2019, some observers believe the volume could plateau this year.

The company will pay $24 million in cash for Central Federal Bancshares.

The Colorado Banking Board may be the first regulator to ever block a credit union-bank merger.

Colorado's State Banking Board voted 6-1 to stop Elevations Credit Union from buying Cache Bank & Trust. This is believed to be the first time regulators have blocked such a deal.

While the Maryland company claimed it has margins and credit issues under control, it couldn't provide any clarity on rising legal expenses.

Lenders grew more optimistic that Congress will undo or narrow the loan-loss accounting standard after members of a House subcommittee assailed Russell Golden for approving the rule without studying its impact on credit availability.

Alan Kline, a 22-year veteran of American Banker, has previously served as editor-in-chief of US Banker.

Executives at Beach Community want to pursue more acquisitions in central Florida.

The Massachusetts savings bank will gain branches in two communities as part of the acquisition.

The Atlanta Fed offers ways rural institutions can keep and nurture talent while pooling resources with their peers to excel in a challenging environment.

Organizers of First Women's Bank have also filled two key executive posts.

The Wyoming-based credit union will gain about $100 million in deposits as a result of the deal.

As the regulatory agencies have struggled to reach a consensus, a proposal championed by Office of the Comptroller of the Currency has divided lawmakers and been assailed by community groups.

Blue Federal Credit Union in Wyoming will also gain about $100 million in deposits.

The Colorado Bankers Association claims that state law bars Elevations Credit Union from buying Cache Bank & Trust.

Driver Management wants shareholders of Community Bankers Trust to push the Richmond company to find a buyer.