'This Grand Canyon of tax loopholes': Comments of the week
Readers react to the Office of the Comptroller of the Currency's fintech charter, respond to another bank outage, opine on the impact of regulation and more. ... Read full article
News Topic: Credit unions
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Botnets increasingly prey on small banks and credit unions
Every month, from January to April of this year, there were roughly 3.2 billion attacks perpetrated by malicious code that infiltrated business' networks. Representatives of smaller financial institutions disputed the notion that they are one of the ... Read full article
Credit union will be first recreational pot banker in Mass.
The $506 million-asset GFA Federal Credit Union says it will begin accepting clients in the recreational marijuana business, making it the first Massachusetts financial institution to do so. ... Read full article
End the free ride for tax-exempt credit unions
Policymakers are right to re-examine the industry’s exemption and the unfair competitive advantage it provides. ... Read full article
Credit unions push NCUA for exam parity with small banks
The Credit Union National Association believes the NCUA has not moved quickly enough to grant an 18-month exam cycle to credit unions with $3 billion or less in assets. ... Read full article
Google pays Mastercard for data; Wall Street’s AG choice
The deal lets Google learn more about what people buy based on online ads, but raises privacy concerns; checkbooks favor Congressman Sean Maloney. ... Read full article
Community lenders tell big tech vendors to get up to speed
Small banks and credit unions say slow responses and outdated products from the establishment tech vendor can become a drag on their innovation efforts. ... Read full article
How to tell if you're banking a pot business
Many financial institutions are unaware that they're banking marijuana-related businesses, pot bankers and regtech experts say. ... Read full article
Bank lobbyists’ hollow campaign against credit unions
The banking industry has been raising alarms about the growth of a few credit unions, but the critiques ignore the vast size differences between the two sectors and the tremendous growth banks have seen since the crisis. ... Read full article
Credit Unions with the Largest Portfolios of Home Equity Loans
On Mar. 31, 2018. Dollars in thousands. ... Read full article
Credit Unions with the Largest Credit Card Portfolios
On Mar. 31, 2018. Dollars in thousands. ... Read full article
Credit Unions with the Largest Portfolios of First Mortgage Loans
On Mar. 31, 2018. Dollars in thousands. ... Read full article
Credit Unions with the Largest Portfolios of Loans and Leases
On Mar. 31, 2018. Dollars in thousands. ... Read full article
Credit Unions with the Most Assets
On Mar. 31, 2018. Dollars in thousands. ... Read full article
Credit Unions with the Most Deposits
On Mar. 31, 2018. Dollars in thousands. ... Read full article
Wells settles DOJ mortgage charges; Fidelity to offer no-fee index funds
The $2.1 billion settlement is likely to be the last of the big toxic mortgage cases from the financial crisis; the move pressures rivals to lower prices. ... Read full article
Bankers gird for fight over credit union trust application
Seven credit unions have asked Michigan's banking regulator for permission to launch a trust company, a move that bankers says oversteps that industry's role of helping people of "modest means." ... Read full article
Bankers lobby for 11th-hour changes to CECL standard
The industry continues to push for leniency as the clock ticks toward adoption of the drastic change to how banks account for expected loan losses. ... Read full article
Small Fla. bank to sell to IBM Southeast Employees’ Credit Union
The credit union, which plans to keep all of Oculina Bank's employees, will also provide more products and services. ... Read full article
After Senate reg relief bill, House package would be cherry on top
As part of a capital-formation bill, House lawmakers are attempting to sprinkle in a handful of provisions to ease the industry’s burden. ... Read full article