SOUTHBOROUGH, Mass. - (05/19/04) --The legalization of same-sexmarriages in this state means that credit unions must now beprepared to deal with a new set of spouses. But what it means tocredit unions in other states remains very much a "gray area,"according to CUNA's General Counsel, Eric Richard. "I think itdepends on the attorney general in every state," said Richard. "Andmy guess is that it's going to go to the Supreme Court in the end.Each state is going to have to take a position. A credit uniondoesn't have to go along, but it's taking a risk if it doesn't."Rob Kimmett, a spokesperson for the Massachusetts CU League, saidthe league is not preparing to send any special notice toaffiliates. "We'll likely say something in our publications, butbecause it's like any other marriage, it's simple to deal with," hesaid. More than 500 couples had applied for marriage licenses onthe first day same-sex marriages were permitted inMassachusetts.
-
Mastercard launches service to fight instant-payment fraud, EU may green-light Apple's NFC-access plan, and more.
2h ago -
The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
7h ago -
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.
10h ago -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
April 23 -
Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
April 23 -
The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
April 23