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COLUMBUS, Ohio—Lee Butke is stepping down as president and CEO of Corporate One FCU, leaving the organization in sound financial shape. But what may be most notable about that accomplishment is that Corporate One is still around.

WASHINGTON–The Federal Financial Institutions Examination Council (FFIEC) has issued new examination procedures on the final rule, “Customer Due Diligence Requirements for Financial Institutions,” issued by the Financial Crimes Enforcement Network.

NEW YORK–Hope Federal Credit Union here has won the first-ever Financial Inclusion Challenge in the United States conducted by the Wall Street Journal.

NEW YORK–Why do people who are underwater on their mortgages continue to make payments? Although the housing market is robust, more than two-million people still owe more on their mortgages than their homes are worth, according to recent data.

SAN FRANCISCO–A cease-and-desist order has been issued by the California Department of Business Oversight against an entity operating as Coceptive Credit Union, which the regulator said is entity is not licensed by the DBO and is not authorized to conduct business as a credit union in California.

NEW YORK—American Express has introduced a new credit card for wealthy “jet-setters.”

WASHINGTON–NCUA Chairman J. Mark McWatters’ living arrangements–he resides in Dallas and commutes to the agency’s Alexandria, Va. headquarters for board meetings once per month–were the subject of a profile in the Washington Post.

NEW YORK–Just how the role of big banks in mortgage lending has changed was evident in a statement from Bank of America reporting its first quarter revenue.

WASHINGTON—Globally, 69% of adults, representing 3.8 billion people, now have an account at a bank or mobile money provider, a crucial step in escaping poverty, the World Bank has said.

WASHINGTON–NCUA and the Bureau of Consumer Financial Protection have both released their rulemaking agendas for Spring.