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SAN DIEGO—On the whole, the credit union industry is not known for a huge amount of drama as that is not in line with the member-focused mindset of the industry. However, a planned merger between California Coast Credit Union and San Diego County Credit Union, which would create the fourth-largest credit union in California and the 16^th-largest in the U.S., abruptly and loudly came to a screeching halt.

SAN DIEGO—On the whole, the credit union industry is not known for a huge amount of drama as that is not in line with the member-focused mindset of the industry. However, a planned merger between California Coast Credit Union and San Diego County Credit Union, which would create the fourth-largest credit union in California and the 16^th-largest in the U.S., abruptly and loudly came to a screeching halt.

ORLANDO, Fla. — Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Monday that bank regulators should reconsider how capital rules treat mortgage lending and servicing, arguing that current frameworks may be discouraging banks from participating in a core line of business and pushing mortgage activity toward nonbank firms.

CHESAPEAKE, Va. –The $957-million ABNB FCU here has agreed to buy two branches of First Bank of Virginia located in north central North Carolina, the organizations announced in a joint release.

TAMPA-- Velera announced it will provide Mutual Federal Credit Union with debit and credit card processing services and support.

WASHINGTON--Following a judge largely upholding the Illinois Interchange Fee Prohibition Act (IFPA) last week, America’s Credit Unions, the Illinois Credit Union League and the other plaintiffs filed an appeal with the U.S Court of Appeals for the Seventh Circuit Friday, ACU reported.