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AHMADABAD, India–While traveling in India to learn more about that country’s cooperatives, Brian Branch, president of the World Council of Credit Unions, was asked during a media interview why India’s credit cooperatives have such small market share and whether co-ops in the U.S. are really “too corporate” to be co-ops.

CHARLOTTE, N.C.–Two large regional U.S. banks have announced plans to merge. BB&T and Atlanta-based SunTrust said they plan to combine to create a $442-billion institution that would be the sixth-largest U.S. bank based on assets and deposits.

OVERLAND PARK, Kan.–Mazuma Credit Union has named a new president/CEO. The $661-million Mazuma has selected Deonne Christensen, who had been serving as interim CEO, to lead the organization on a permanent basis.

WASHINGTON—The House of Representatives has passed the Financial Technology Protection Act, which is designed to combat illicit activities that use fintechs, such as digital currencies.