CHICAGO - (01/28/05) -- Credit unions received more than $1million in affordable housing grants under the new round of fundingannounced by the Federal Home Loan Bank of Chicago Thursday. Thefunding will help Royal CU, Eau Claire, Wis., renovate Ruth's Houseand Rehab Center, transitional housing for the homeless, for HopeGospel Mission in Eau Claire; and will allow First American CU,Beloit, Wis., to join four local banks in a project rehabilitatinga housing project and financing subsidized home improvement loansfor low- and moderate-income people, and a separate projectdeveloping a homeowners assistance program to help providedownpayments and closing assistance. The Chicago bank announced$15.7 million in grants for 52 affordable housing projects inIllinois and Wisconsin.
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The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
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Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
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The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24