RIDGECREST, Calif. - (09/27/05) AltaOne FCU said it made $16million in new mortgage loans in July with a mortgage loan campaignbased on TVs hit Desperate Housewives show.The campaign, developed by Redbeard Communications, depicts anattractive house with a white picket fence and climbing roses. Eachad features one of four females resembling the DesperateHousewives cast. The melodramatic copy details the peril of gettinga home loan with another company and explains the benefits thatAltaOne offers. The campaign consists of local newspaper and radioadvertisements as well as statement inserts, teller signs, branchposters and graphics for the credit union's newsletter and Website. The print and branch materials are being repeated this monthdue to the campaign's success.
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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
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St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
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The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
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