EL PASO, Texas -- The El Paso Affordable Housing CUSO, a project developed by eight area credit unions, received a $25,000 grant from the Texas CU Foundation, the Foundation announced Tuesday. The Foundation, a unit of the Texas CU League, has provided more than $80,000 in funding to the CUSO, which has offered low-cost mortgages, financial literacy, and as much as $6 million in home loans to residents of this west Texas city. Participating credit unions are: Government Employees CU of El Paso, First Light FCU, West Texas CU, El Paso Area Teachers FCU, One Source FCU, El Paso Employees FCU, Mountain Star FCU and Golden Key FCU.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3