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Another credit union buys a bank as industry groups sharpen criticism

American Banker

Gesa Credit Union in Washington agreed to acquire a 103-year-old community bank in Centralia, as it eyes opportunities for additional growth in the Pacific Northwest. In the District of Columbia, a bank group is calling for exit fees on banks selling to tax-exempt credit unions.

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CFPB issues report on state community reinvestment laws

CFPB Monitor

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Fiserv Enables SNAP Online EBT Payment Acceptance For Grocers

PYMNTS

In addition to New York, the program is now available for SNAP recipients in Alabama, Arizona, California, Florida, Iowa, Kentucky, Nebraska, New York, Oregon and Washington. Eight additional states, Idaho, Minnesota, Missouri, Nevada, North Carolina, Texas, West Virginia, Vermont and the District of Columbia, are slated to be added in June.

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Saving Main Street: Fairfax County, VA Kicks Into Gear

PYMNTS

Located outside of Washington, D.C., This is near an office environment and a vibrant community, and we see a chance to create an exciting and interesting destination.”. We recognize small businesses are critical to the well-being of our communities and to the county’s economic recovery.”.

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Entering the cannabis banking market

Independent Banker

While the legal status of banking cannabis-related businesses remains fuzzy at the federal level, community banks in some states are finding that, with proper controls, they’re able to enter this niche market and offer banking services to these local businesses. It’s a strategy that an increasing number of community banks are embracing.

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Industry trade groups urge HUD to make significant changes to its disparate impact rule; state attorneys general oppose changes

CFPB Monitor

Supreme Court ruling in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc. The trade groups’ views are set forth in comment letters submitted to HUD in response to its advance notice of proposed rulemaking seeking comment on the need for revisions to the Rule following Inclusive Communities.

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SNAP Users Shut Out Of The Digital Grocery Aisles

PYMNTS

Online purchasing is a potential lifeline for SNAP participants living in urban neighborhoods and rural communities where access to healthy food choices can be limited,” then-U.S. Agriculture Secretary Tom Vilsack said in a statement announcing the effort.