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WASHINGTON–The nation’s 4,568 FDIC-insured banks and savings institutions reported aggregate net income of $64.2 billion in first quarter 2024, an increase of $28.4 billion (79.5%) from the prior quarter, according to new data, which also show some “material deterioration” in banks’ credit card and commercial real estate portfolios.

WASHINGTON–CUToday.info has learned Sen. Elizabeth Warren (D-MA) intends to propose legislation aimed at making housing more affordable and ending housing discrimination, with provisions that would also add a host of new Community Reinvestment Act-like rules for certain federal credit unions, including around mergers.

FORT WORTH, Texas–A lawsuit challenging the CFPB’s cap on credit card late fees may want to sign up for an airline miles credit card of its own, as it’s on the move again.

LA CROSSE, Wis.–Corporate Central hosted its 43rd Annual Meeting at the La Crosse Center here, as it participated in the Wisconsin Credit Union League’s Annual Convention & Exposition.

CORK, Ireland–Two Irish credit unions that have completed a merger have also unveiled their new name.

NEW YORK—A growing number of Americans are maxed out on their credit cards, new data show.

HAUPPAUGE, N.Y.–Teachers Credit Union raised more than $600,000 for Children’s Miracle Network Hospitals through its second annual golf tournament.

ATLANTA—The $2.5-billion Atlanta Postal Credit Union and its subsidiary Center Parc CU have agreed to purchase the $870-million Affinity Bank, based in Covington, Ga. The bank is headquartered approximately 35 miles east of the credit union.

MADISON, Wis. – America’s Credit Unions, the trade group formerly known as CUNA prior to its merger with NAFCU, plans to lay off up to 30% of its workforce in Madison, Wis., according to the Office and Professional Employees International Union (OPEIU) Local 39.