Banks balk at NCUA proposal to expand membership criteria

The National Credit Union Administration proposed amending its common-bond provisions to allow the agency to approve some associations whose membership relies on the purchase of a product or service, a move banks say undermines the rationale for tax-exempt credit unions.

Will banks get in on the prediction market gold rush?

The burgeoning predictions market is gaining users and volume rapidly and is being largely embraced by the Trump administration. But banks are torn between the promise of new revenue streams and the iffy legal foundations of the new market.