NEW YORK–The nation’s banks reported strong earnings for the first quarter, including Wells Fargo, which managed to find ways to bolster its bottom line despite recent scandals and a decrease in loans and deposits.
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WASHINGTON–The General Accounting Office (GAO) has published a list of 10 priority recommendations for the Federal Reserve that it says could “significantly improve the Federal Reserve’s efforts to more effectively oversee risks to consumers and the safety and soundness of the U.S. banking system.”
BOSTON– Credit Unions Kids at Heart said it has raised $500,000 this year for research initiatives conducted at Boston Children’s Hospital.
NEW YORK—Inclusiv, in partnership with the Filene Research Institute, Coopera and PolicyWorks, is launching a series of free interactive workshops designed to expand and promote financial inclusion in underserved communities throughout the U.S., the organization said.
WESTMEATH, Ireland–A credit’ union here is being featured as part of a series on this country’s public service broadcast network. Mullingar Credit Union will be the focus of an eight-part series called “The Borrowers” on Radio Television Ireland, better known as RTE.
ONTARIO, Calif.–Dwight Johnston, well known to many in credit unions as the chief economist for the California and Nevada Credit Union Leagues and especially for having famously forecast the housing crisis of a decade ago, is retiring.
CHARLOTTE, N.C.—Early Warning Services, which operates Zelle, said it has partnered with Levvel as its professional services provider to provide Zelle Network participants and prospects with technical design, development, and integration solutions to accelerate the deployment of Zelle, and other faster payment initiatives.
LONDON—British bank Standard Chartered has agreed to pay $1.1 billion to settle allegations by authorities in the United States and Britain that it violated money-laundering laws and economic sanctions.
ALEXANDRIA, Va.—The NCUA board during its open meeting this week is expected to issue an advanced notice of proposed rulemaking related to compensation in connection with loans to members.
MARIETTA, Ga.–It’s tax day, a day on which many taxpayers find themselves getting heated. To help them cool off, Georgia's Own Credit Union is offering a free Tax Day treat: 850 King of Pops popsicles for a limited time at its Marietta branch at 401 Cobb Parkway, as well as its Woodruff Park location in downtown Atlanta.