CAMARILLO, Calif. – Pacific Oaks FCU said yesterday it has chosen Creative Brand Communications of Portland, Ore., to provide it with a full range of media services. Creative Brand is also the agency of record for Cascade Community CU in Roseburg, Ore. Pacific Oaks FCU was formerly known as Point Mugu FCU.
Spring Bank CEO Barry Mann has accumulated a 6% stake in New York City-based Carver Bancorp, Carver has a history of underperforming, but Mann is optimistic about its chances under new CEO Donald Felix.
The number of states with earned wage access legislation doubled in 2025 with six states passing new laws. Connecticut regulators have been particularly strict, creating conflict between lenders and the government.
Following the lead of banking regulators, the National Credit Union Administration has proposed a rule that would eliminate references to reputational risk from its examination manuals and would forbid debanking based on political views.
The effort to establish rules governing consumers' access to their financial data has been effectively derailed by litigation, moves made by the Trump-era CFPB and JPMorganChase's decision to start charging data aggregators for access to customer data.
Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
