NEW YORK - (05/13/05) -- Insurance giant AmericanInternational Group is making strides to enter the credit unionmarket. The company said this week that its signed with MicroBiltCorp. To provide Personal Internet and Identity Theft coverage toMicroBilt's credit union and community bank customers. And an AIGrepresentative was working at this week's annual NACUSO conventionin Las Vegas in an effort to open relationships with credit unionsand their CUSOs. The new effort comes at a time the insurance giantis embroiled in an ongoing accounting scandal that has forced theretirement of its long-time CEO Maurice 'Hank'Greenberg.
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The digital bank slashed its share volume and pricing the day before its public debut and following a mixed U.S. public debut for fellow Brazil fintech PicPay.
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The Ohio bank said its 2027 earnings per share will be lower due to an accounting revision linked to its acquisition of Cadence Bank. But CEO Steve Steinour remains sold on Huntington's expansion plans, calling the Cadence deal a "home run transaction."
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Houston developer Colony Ridge Development agreed to resolve allegations that it operated a bait-and-switch scheme targeting Hispanic immigrants that led to massive foreclosures.
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JPMorganChase, Citi and Custodia are among the banks that have built digital asset projects on the Ethereum blockchain.
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The district's appeals court let stand a May 2025 ruling that dismissed most of the D.C. Attorney General's claims against EarnIn in a major win for the firm and good news for fintechs looking for favorable regulatory treatment.
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Delinquencies on credit-card debt mostly held steady at the end of last year, but certain groups of consumers are faring better than others.
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