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News
FDIC Wins Appeals Court Ruling In $1.7B Silicon Valley Bank Fight
9+ hour, 31+ min ago (295+ words) cutoday.info NEW YORKâÂÂThe FDIC scored another victory in its multibillion-dollar legal battle stemming from Silicon Valley BankâÂÂs collapse, with a federal appeals court ruling the agency did not have to file a proof of claim…...
OCC Gives Initial Approval To Revolut, OpenReserve National Banks
9+ hour, 30+ min ago (224+ words) cutoday.info WASHINGTONâÂÂThe Office of the Comptroller of the Currency has granted preliminary conditional approval for Revolut and blockchain-focused OpenReserve to establish full-service national banks, according to separate decisions dated Sept The approvals do not authorize either bank…...
Trump Again Calls for Credit Card Swipe Fee Reform
3+ day, 8+ hour ago (480+ words) WASHINGTON—President Donald Trump renewed his call for credit card swipe fee reform Wednesday evening, saying during the Republican midterm convention in Dallas that reducing the fees would save families money. “We will cut out-of-control credit card swipe fees, saving…...
Bank Regulators Expand 18-Month Exam Cycle To Banks With Up To $6B in Assets
2+ day, 23+ hour ago (139+ words) CU Today WASHINGTONâÂÂFederal banking regulators have issued an interim final rule doubling the asset threshold for certain community banks to qualify for an 18-month examination cycle, increasing it from $3 billion to $6 billion.The change implements provisions of the…...
America???s Credit Unions Sets 3 Priorities For Final Congressional Push
3+ day, 7+ hour ago (251+ words) America’s Credit Unions Sets 3 Priorities For Final Congressional Push CU Today WASHINGTON--Time in Washington is running out for the current Congress, but AmericaâÂÂs Credit Unions has three priorities it is working to advance through the end of…...
New CUSO Targets Credit Union F&I Refund Compliance
3+ day, 23+ hour ago (182+ words) SOUTHLAKE, Texas — Lender Compliance Technologies (LCT) today announced the launch of a new credit union service organization (CUSO) – LCT CUSO – dedicated to making advanced automated-compliance solutions seamless and accessible to credit unions across the U.S. LCT CUSO is a…...
Longtime Reliant CEO Pamela Heald To Retire in January
3+ day, 21+ hour ago (275+ words) CUToday SODUS, N.Y.âÂÂPamela Heald, who has spent more than 34 years with Reliant Community Federal Credit Union and has served as president and CEO since 2007, will retire in January 2027, the credit union announced Reliant said its board has launched…...
Chime to Acquire Bank Partner Stride In $590M Deal
3+ day, 23+ hour ago (219+ words) cutoday.info SAN FRANCISCOâÂÂChime has agreed to acquire longtime bank partner Stride Bank for $590 million in cash, a deal that would give the financial technology company its own nationally chartered bank, PYMNTS reported According to PYMNTS, the transaction…...
New CUSO Targets Credit Union F&I Refund Compliance / Fresh Today / CUToday.info - CU Today
3+ day, 23+ hour ago (182+ words) SOUTHLAKE, Texas — Lender Compliance Technologies (LCT) today announced the launch of a new credit union service organization (CUSO) – LCT CUSO – dedicated to making advanced automated-compliance solutions seamless and accessible to credit unions across the U.S. LCT CUSO is a…...
54 Credit Union Leaders Earn CUDE Designation
5+ day, 2+ hour ago (363+ words) cutoday.info MADISON, Wis.âÂÂThe National Credit Union Foundation has named 54 credit union leaders as the newest Credit Union Development Educators after they completed the FoundationâÂÂs Credit Union Development Education program Sept The weeklong, in-person program…...