Ken McCarthy

Dec 12, 2023 | americanbanker.com | Frank Gargano |Ken McCarthy |Jim Dobbs |Jordan Stutts

In this year's roundup of top banking news for 2023: Navy Federal Credit Union joins The Clearing House's real-time payments network amid ongoing military contract woes, major banks across the U.S. announce staff cuts, regulators shutter Signature Bank and more. Navy Federal is now on the RTP network. Will other credit unions follow?

Oct 30, 2023 | americanbanker.com | Frank Gargano |Ken McCarthy |Orla McCaffrey |Jordan Stutts

In October's roundup of top banking news: Navy Federal's contract with the Department of Defense remains in limbo, check fraud takes a bite out of Regions Financial's third-quarter earnings, a Community Reinvestment Act rule gets finalized and more. Click here to read last month's roundup of banking industry news.

Oct 24, 2023 | americanbanker.com | Ken McCarthy |Rebeca Romero Rainey

Navy Federal Credit Union's contract with the Department of Defense to provide banking services to military personnel serving abroad faces an obstacle bigger than any bank lobby — the credit union's own regulator, which insists it cannot provide deposit insurance under the terms of the deal. The Department of Defense established the overseas banking program after World War II to provide active-duty military members with retail, financial and cash services.

Jul 14, 2023 | nationalmortgagenews.com | Ken McCarthy |Jim Dobbs

Jul 14, 2023 | americanbanker.com | Ken McCarthy |Jim Dobbs