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WASHINGTON–Demand for commercial and industrial (C&I) loans weakened over the second quarter of 2017, while banks left their standards on C&I loans basically unchanged, according to new data released by the FDIC.

HARRISBURG, Penn.—Should refunds from the corporate stabilization fund be paid to credit unions in 2018, the funds will be put to good use, according to several CEOs who noted that when—or if—the money goes directly back to members will depend on capital positions at the time.

WASHINGTON—Federal Trade Commission Acting Chairman Maureen K. Ohlhausen announced that she has selected D. Bruce Hoffman, a partner at the law firm of Shearman & Sterling LLP, to be the Acting Director of the FTC’s Bureau of Competition, effective August 7, 2017.

PURCHASE, N.Y.—Citi Mastercard credit customers in the U.S. can now begin using Citi Pay, the mobile tap-and-pay service the bank first announced in November.

SAUK CITY, Wis.–A man suspected of robbing a credit union was busted after he hit the jackpot in a local casino.

IRVINE, Calif.—The home values trend continues, with new data showing that home prices are up strongly both year over year and month over month.

BROOKFIELD, Wis.–Fiserv said it is equipping financial institutions to better understand consumers and identify marketing opportunities within their consumer base through a new marketing analytics solution that is already being implemented by banks and credit unions.

PORTLAND, Maine–Infinity FCU has announced a program to make loans to those Maine residents aspiring to become citizens of the United States.