WASHINGTON--Credit union loans outstanding increased 0.19% in April, compared to a -0.12% decrease in March and an 0.2% increase in April 2025, according to America’s Credit Unions’ latest Monthly Credit Union Estimates.
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WASHINGTON--Consolidating and relocating relevant NCUA regulations on requirements for share insurance will enhance clarity and reduce burdens, America’s Credit Unions wrote to the agency in support of the proposal Monday.
SAN FRANCISCO--A California federal judge has declined to certify a proposed nationwide class of Wells Fargo customers who allege the bank underpaid interest on cash sweep accounts, ruling that individualized questions over each customer's state statute of limitations prevent certification at this stage, according to Law360.
SOUTH BOSTON, Mass.—The $367-million Mass Bay Credit Union has named Chief Operating Officer Kelli Cullen as its next president and CEO, succeeding retiring CEO Terry Dorilas, according to AOL.com.
SAN FRANCISCO—Former Silicon Valley Bank CEO Greg Becker testified during a California federal bench trial that he received millions of dollars in compensation and sold nearly $30 million in company stock as regulators were downgrading the bank’s risk-management rating ahead of its 2023 collapse, Law360 reported.
OSHKOSH, Wis.— The $1.6-billion Verve, a Credit Union, has entered into a multiyear partnership with the Chicago White Sox, a move the credit union said will expand its presence in the Chicago market while strengthening ties to the South Side community.
NEW YORK--For nearly six decades, Mastercard has built its business around a simple challenge: creating trust between parties that have never met. In the age of artificial intelligence, the company believes that challenge is becoming even more important as software agents begin making purchases on behalf of consumers and businesses.
WASHINGTON—Federal banking regulators are diverging in how they plan to unwind the Biden Administration's overhaul of the Community Reinvestment Act (CRA), with the Federal Reserve remaining in litigation while the FDIC and Office of the Comptroller of the Currency move to exit a pending Fifth Circuit appeal, according to new court filings reported by Law360.
ROME, Italy—Federal Reserve Governor Christopher J. Waller said central banks must focus on current economic conditions rather than historical averages when setting monetary policy, arguing that the unique circumstances following the pandemic demonstrate why "initial conditions" are critical to understanding how policy will affect the economy.
CHEYENNE, Wyom.--The $281-million Western Vista Credit Union has become the newest members of the Defense Credit Union Council, DCUC announced.