Regulatory actions and programs

LeDu has formerly dealt with compliance matters for the Michigan Credit Union League, CU Solutions Group and more.

Physical cash is likely to have utility for years to come. If it passes away, better the death blow comes from superior commercial payment systems than government edict.

Regulatory moves to reduce paper money often have confusing, and even dangerous results, writes Eric Grover, a principal at Intrepid Ventures.

The bank is the second failure in Illinois so far in 2017. Seaway Bank was closed in late January.

The Government Accountability Office has agreed to a request by a GOP lawmaker to examine whether Congress can reject regulators' guidance.

The agency sold nearly 10.3 million shares in First BanCorp in San Juan, Puerto Rico, for $57.7 million.

The regulator cited "operational weaknesses" as the reason for conservatorship.

NCUA cites safety and soundness concerns at the $107 million-asset credit union.

The bank says it will push the rest of the industry to follow its lead and step up lobbying for policies that increase minority homeownership.

Ousted CEO John Dee Carruth is continuing his war of words against the state regulator, but he may not have much recourse under a provision of Alabama law.