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Two years after Illinois became one of several states to pass their own version of the federal Community Reinvestment Act, credit unions and banks continue to fight over whether the law is necessary and how strict the corresponding regulations should be.
May 24 -
Zest AI and Origence designed a new white-labeled product for institutions that lack the resources to develop a custom platform based on artificial intelligence.
May 22 -
Chicago has one of the largest unbanked populations in the country, so United Credit Union rolled out a loan program aimed at those people who would typically use a payday lender.
May 18 -
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Roughly 450 organized staffers of the Madison, Wisconsin-based insurance provider are prepared to head to the picket line — unless mediators can find common ground by Friday.
May 17 -
F.N.B. Corp, the holding company for First National Bank, is making its second investment in the $13 million-asset Hill District Federal Credit Union.
May 17 -
Generations United Federal Credit Union's first president and CEO, John Linzey, expects to attract the very customers that banks might turn away if the economy sours.
May 12 -
Jay Champion had been chief executive of the $2.2 billion-asset company since late 2018.
May 12 -
Michigan State University Federal Credit Union is partnering with Debbie, a Miami-based fintech that helps consumers break free of delinquency and correct bad spending habits, to strengthen its financial education tools and build its deposit base.
May 11 -
Sens. Mark R. Warner, D-Va., and Mike Crapo, R-Idaho have reintroduced a bill that would deploy roughly $100 million in aid through the Community Development Financial Institution Fund to back pilot programs that would foster secondary markets for loan sales.
May 9