Community Banks and Credit Unions

A pair of credit unions with a long history serving the aviation industry are planning a merger to improve service, sustainability and growth potential. The combining of Ent Credit Union of Colorado and Wings Credit Union of Minnesota will result in one institution with approximately $19.6 billion in total assets serving nearly one million members. Read on »

The National Credit Union Administration addressed concerns about the Trump administration’s decision to fire two of its three board members on April 18 in a message to the agency’s staff. Read on »

The Trump administration fired the National Credit Union Administration (NCUA) Board’s two Democratic members. The decision leaves NCUA Chair Kyle Hauptman, a Republican, as the board’s only remaining member. Read on »

The Office of the Comptroller of the Currency announced an organizational restructure which entails the consolidation of its supervisory functions for large, midsize and community banks, among other changes. The announcement set off alarm bells in the community banking sector. Read on »

The House passed its budget resolution, setting the stage for Congress to begin its reconciliation process, which is expected to include discussions about extending the 2017 Tax Cuts and Jobs Act cuts while implementing additional cuts, reducing spending, and raising the debt ceiling. Read on »

The House passed a resolution nullifying the Consumer Financial Protection Bureau’s (CFPB) final rule imposing a cap on overdraft fees charged by depository institutions. The 217-211 vote to repeal the controversial rule that would limit the maximum fee consumers could be charged for a single overdraft. Read on »

The 2024 Regulatory & Risk Management Indicator Survey by Wolters Kluwer highlighted key shifts in compliance concerns among financial services professionals amid persistent uncertainty from both a regulatory and economic perspective. The global information services firm supplemented its survey responses, compiled in December last year, with a webinar and a poll shortly after the second Trump administration entered the White House. Read on »

The financial services industry has had its hands full keeping up with a multitude of actions by federal agencies rescinding and sometimes replacing guidance and entire programs related to regulatory provisions and the treatment of digital assets. Learn about some of the most recent actions affecting financial policy in this regulatory roundup. Read on »

A bipartisan coalition of senators wrote to U.S. Department of the Treasury Secretary Scott Bessent expressing their support for the Treasury’s Community Development Financial Institutions Fund, which a recent executive order from President Donald Trump called for eliminating. Read on »

The National Credit Union Administration released its latest quarterly U.S. Map Review report for the fourth quarter of 2024, highlighting trends among credit unions across the nation using an interactive map on the agency’s website. Read on »