John Collins comes to the credit union industry after spending 20 years in a variety of roles at the national bank, including helping integrate two acquisitions.
Florida and West Virginia recently joined four other states in setting up regulatory sandboxes that allow startups to test products with consumers without obtaining a license.
New data from the state regulator showed that CUs in the Badger State grew assets by 28% during the first half of this year, up from 14% during the same period in 2019.
Fannie and Freddie’s regulator said it will delay imposing the 0.5% fee until December 1; JPMorgan Chase is also making a strategic investment in buyer in the fintech, ConsenSys.
"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.
Citigroup’s $900 million payment blunder in a usually sleepy part of the financial market dominated by a handful of banks has experts wondering if regulators will uncover a deeper problem.
The former chairman of the National Credit Union Administration served at the agency during a crucial time for regulatory reform and credit union growth, though his tenure also had its share of scandals.
