MILWAUKEE—Amid significant ambiguity coming out of Washington, credit union leaders and analysts are raising numerous questions about the economy and the industry's future. But the most pressing question credit unions must answer for themselves is whether their earnings model is suited for these uncertain times, Raddon is saying.
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WASHINGTON—Another credit union purchase of a bank is drawing fire again from the Independent Community Bankers of America (ICBA).
MADISON, Wis.—Elissa McCarter LaBorde has stepped down as president and CEO of the World Council of Credit Unions (WOCCU), the organization announced.
WASHINGTON—The total number of loans now in forbearance decreased by 2 basis points from 0.38% of servicers’ portfolio volume in the prior month to 0.36% as of March 31, 2025, the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey reveals.
WASHINGTON—Despite regulatory approval of Capital One’s plans to acquire Discover, passage of the Credit Card Competition Act is still needed to bring competition to billions of dollars in soaring credit card “swipe” fees, the Merchants Payments Coalition said.
SAN JOSE, Calif.— Brad Canfield is retiring as CEO of the $1.6-billion KeyPoint Credit Union here, the organization announced.
DAVENPORT, Iowa—The $247-milion The Family Credit Union has named Michael Brandt CEO, effective April 28, the Quad Cities Regional Business Journal reported.
WASHINGTON—In a sign of the depth of staff cuts that may come at NCUA, the FDIC is reportedly seeking to reduce its workforce by a another 20% as part of an effort to reduce the overall size of government.
WASHINGTON—A Federal Reserve survey of risk officers at financial institutions found that debit card fraud was the leading driver of fraud losses in 2024, closely followed by check fraud, ABA Banking Journal reported.
SAN JOSE, Calif.— PayPal has passed $30 billion in global loan originations and has extended more than 1.4 million loans and cash advances to more than 420,000 business accounts globally since 2013, the company announced.