LAS VEGAS - (07/15/05) -- The opening general session of theNAFCU annual convention here got off to an inauspicious start. Therear of the stage featured a replica of a famous local landmark,the "Welcome to Fabulous Las Vegas, Nevada" sign that sits at thesouth end of the Strip. Just before NAFCU Chair Diane Furnasstepped up to the podium to address the group, the "M" of "WELCOME"fell down with a loud thud. A few minutes later, the first "E"dropped. Luckily, no one was near either of the falling letters.Furnas, who is departing the NAFCU Board after the meeting, saidthe conference theme, 'Raising the Stakes, is "appropriate for ameeting in Las Vegas, a town full of high stakes games." Thecombination of bank attacks, rising interest rates and threats tosecurity "raise the stakes," she said. In response, "credit unionsare stepping up their marketing efforts and making innovativechanges to attract more members."
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Alessandro DiNello, who served as Flagstar's executive chairman in 2024, said he's leaving in order to enjoy his retirement. Meanwhile, a lawsuit accusing him of various wrongdoings is still pending.
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Cybersecurity experts at RSAC urged banks to treat the transition to post-quantum cryptography as an enterprise risk, not just an IT headache.
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The Minneapolis-based regional bank is extending home-improvement loan durations by as much as two years in a bid to continue capitalizing on a long-running remodeling boom.
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The Department of Labor proposed a rule that would bring private credit more into retirement accounts, as pockets of the market bubble up and some point to contagion.
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The government MBS guarantor ended a 15-day advance notice mandate for extensions on a filing deadline so those with a March 31 due date can still ask for one.
7h ago -
The federal court rejected Flagstar's attempts for both a panel rehearing and an en banc hearing to overturn California's interest on mortgage escrow rule.
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