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ALBANY, N.Y.—The New York State Department of Financial Services (DFS) said it is opposed to the U.S. Department of Treasury’s endorsement of regulatory “sandboxes” for fintech companies that essentially allow fintechs to receive special bank charters.

WASHINGTON—The Federal Reserve's second-quarter senior loan officer survey showed that banks reported less of a demand for auto, credit card and most categories of residential real estate loans overall, but a stronger demand for commercial and industrial loans by small firms.

WASHINGTON—The Bureau of Consumer Financial Protection is being asked to expand its payday lending rule exemptions at the same time NCUA is considering proposed rulemaking to enhance its payday alternative loans (PALs) program.

AUSTIN, Texas–The CUTomorrow Conference, where more than a dozen credit unions will share innovative and effective growth strategies with attendees, is now just over a month away. The deadline to take advantage of the discounted room rate at the Omni Hotel is just a week away.

BOSTON–CU Engage is hosting its fourth annual CU Executive Summit Sept. 19-20 here.

ANTIGO, Wis.–Two Wisconsin credit unions have announced plans to merge. Members of the $79-million CentralAlliance Credit Union have voted in favor of merging into the $1.5-bllion CoVantage Credit Union, Tonni Larson, CEO of CentralAlliance, told the Antigo Times.

ALEXANDRIA, Va.—Total retail sales rose 0.5% in July. Although fewer new vehicles were sold, auto sales contributed to overall growth thanks to a record high average transaction price, said NAFCU Research Assistant Yun Cohen.

WASHINGTON—The Senate Banking Committee is expected to vote on the nomination of Kathy Kraninger to lead the Bureau of Consumer Financial Protection on Aug. 23.

ST. PETERSBURG, Fla.—PSCU announced that it has what it described as another “weapon” to help it predict and defend against fraud.

DELRAY BEACH, Fla. –IBM Southeast Employees Credit Union’s Southeast Credit Union Foundation hosted the 2nd Annual School Ready Day events during the summer to help local Florida and Georgia kids in need