Credit unions

Lobbyists for the credit union industry are decrying a proposal to limit forced arbitration clauses despite ample evidence that credit unions don’t use such clauses in the first place.

Citibank is offering surcharge-free ATM access to the customers of 16 credit unions and minority-owned banks in six cities.

By teaming up, community banks are hoping they'll be able to get some leverage in hammering out tech agreements with megavendors such as FIS, Fiserv and Jack Henry.

The prospect of banks and credit unions meeting small-dollar loan demand is at risk under the Consumer Financial Protection Bureau's restrictive proposal.

The latest crop of prohibition orders includes one against an employee involved in the fraud that led to the failure of Taupa Lithuanian CU.