WASHINGTON—Sen. Roger Marshall’s (R-KS) effort to have the Credit Card Competition Act (CCCA) added as an amendment to the GENIUS Act has apparently failed.
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MIAMI—Is a recession on the horizon? Should credit unions prepare to support members through economic hardship? Maybe not just yet—new data indicate consumers’ purchasing power may be stronger than it appears.
ST. PETERSBURG, Fla.—In a move stirring quiet but critical debate across the financial sector, the potential rollback of CFPB Rule 1033 may not spell disaster—or deliver salvation—for financial institutions.
MIAMI—While some analysts view the CFPB’s decision to withdraw its open banking rule as a wise move, one expert remains skeptical, warning that credit unions and banks may ultimately suffer in the long run.
YUMA, Ariz—The $385-million Avenir Financial FCU here has agreed to acquire $195-million Mission Bank, based in Kingman, Ariz., according to Luse Gorman, which is serving as legal counsel to Avenir in the transaction.
WASHINGTON—The CFPB’s withdrawal of its contested consumer financial data rights rule is the right decision, say analysts, who shared concerns about the rule adding to fraud concerns, increasing FI costs, and simply being a regulation the U.S. banking system was not yet ready to fully adopt.
LAKE TAPPS, Wash.—Despite some large credit union combinations this year, assets acquired by credit unions via merger are trending below 2024 levels, according to CEO Advisory Group, which adds that poor financial performance is a growing reason for combinations.
WASHINGTON—Should America’s Credit Unions look for a savvy political operator who can navigate both sides of the aisle—and the Trump Administration—to succeed Jim Nussle, or a strategic thinker capable of evaluating credit union needs amid an increasingly uncertain and evolving financial services landscape?
Credit unions are incredibly honored and proud to serve our nation’s servicemembers. For nearly 100 years, veterans, active duty servicemembers, and their families have sought out credit unions to provide needed financial services at every stage of their lives.
NEW YORK—Artificial intelligence is poised to transform banking at a scale not seen in decades—unlocking up to $1 trillion in annual value for the industry, data show. As adoption accelerates, AI is rapidly moving from experimental to essential in financial services, a new report reveals.