ABI Blog Exchange

2020-09-04
The bank's Pershing unit is using fingerprint and facial recognition technology on Apple devices to protect user access to its desktop software.

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2020-09-04
The central bank said it had miscalculated the loss rates for certain public welfare investments, which led to incorrect capital requirements for the two companies.

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2020-09-04
Wallace Watanabe spent more than 40 years at the Honolulu-based credit union, including serving as CEO from 1992 until his retirement in 2013.

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2020-09-04
Two bills — one providing relief from a loan accounting standard and another extending forebearance measures — would collectively contain credit losses.

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2020-09-04
A plan to merge the $5.5 million-asset credit union into Cal-Com FCU will provide additional services for members while also easing the process of replacing several employees who plan to retire this year.

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2020-09-04
Investment banking and trading income hit an eight-year high, buoyed by heavy pandemic-fueled borrowing; the division’s revenue has jumped as it poaches advisers from rivals.

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2020-09-04
Texas Trust Credit Union boosted loan volumes with marketing tool inspired by “Game of Thrones,” but gamification strategies can be risky due to data privacy concerns.

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2020-09-03
Several community banks are warning Congress that their participation in the Paycheck Protection Program could cause them to cross a threshold that may lead to, among other things, supervision by the CFPB and a cap on interchange fees.

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2020-09-03
The New Jersey company will add three branches in the northern part of the state as part of the transaction.

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2020-09-03
The company also plans to shed some corporate office space by the end of this year.

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2020-09-03
The bank is selling $355 million of Paycheck Protection Program credits to the Loan Source, a nonbank lender that is also buying PPP loans from three other banks.

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2020-09-03
When it comes to branch cleanliness and mask-wearing, the San Francisco bank is more diligent than its rivals in helping to reduce the spread of coronavirus, according to a new study.

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2020-09-03
The purchase-and-assumption transaction, if approved, would become the first credit union-bank merger in Alabama.

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2020-09-03
Victories in Massachusetts earlier this week bring the Credit Union Legislative Action Council to a 96% success rate backing races in this election cycle.

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2020-09-03
With on-site supervision off the table indefinitely, various credit union trade associations have suggested how NCUA could improve remote exams, including issues related to exam timelines and cybersecurity.

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2020-09-03
Many community banks, like Peoples Community in Wisconsin, say they proceeded despite the technological challenges presented by social distancing because the crisis has exposed the shortcomings of their digital systems.

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