This week's editors' picks include a Data Dispatch on the CFPB's record penalty for Well Fargo and a feature on credit unions' views on the marijuana industry.
CFPB has fined Wells Fargo more than all other companies, combined
The pace of Consumer Financial Protection Bureau enforcement actions has slowed under interim Director Mick Mulvaney, with the exception of a record penalty for Wells Fargo & Co.
Deposit betas are catching up with loan betas at US banks
Deposit costs have risen notably across the banking industry and are poised to reprice more quickly than loans during the remainder of 2018, threatening margin expansion for some banks.
C&I loans continued to rise as credit quality improved in Q2
U.S. banks and thrifts added $25.48 billion in commercial and industrial loans in the second quarter, setting a new all-time high.
Melrose's imminent failure may have dragged down NCUA's crisis-fund payouts
The National Credit Union Administration's largest-ever liquidation of a retail credit union may have played a role in the amount of money the regulator rebated to credit unions in July, experts said.
Some CUs see opportunity in marijuana industry; others still wary of the sector
Some U.S. credit unions are exploring the marijuana industry in search of new streams of non-interest income. However, others are still hesitant because of stigmas and confusing federal guidance.