A Black sorority starts its own credit union; auto loans; FedNow and RTP

Banking on sisterhood: A Black sorority launches a credit union. For Members Only Federal Credit Union in Chicago, which was founded by the African American sorority Alpha Kappa Alpha Sorority, Incorporated , is focused on helping members build generational wealth.

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Why credit unions are charging more than banks for auto loans: Credit unions like to boast that they offer lower rates than banks, but many are bucking that trend to boost liquidity and offset other costs.

Neobank for Latino immigrants raises $4.5 million in seed funding: Comun is one of several emerging neobanks specifically for Latino immigrants to the U.S., but has a standout feature: the default language is Spanish.

Why FedNow and RTP are courting the same tech partners: Dozens of vendors are joining real-time settlement networks from the Federal Reserve Board and The Clearing House . These partnerships are the first step toward making both systems interoperable.

Sen. Tim Scott fleshes out his views on crypto regulation: Senate Banking panel ranking member Sen. Tim Scott, R-S.C., called on U.S. Securities and Exchange Commission Chairman Gary Gensler to appear before the committee.