NCUA said it made a single loan from its Community Development Revolving Loan Fund in December of $100,000 to Coastal Waters FCU, Mobile, Ala., closing the books on one of the fund's slowest years ever. The fund made just six loans for a total of $980,000 in 2003, compared to 20 loans in 2002 and 10 loans in 2001. Officials said the overflowing liquidity in the credit union movement limited the need for extra funding. The fund also made a total of 168 small technical assistance grants for a total of $367,657 in 2003; that's down from 274 awards for a total of $1.6 million in 2002.
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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.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
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.
July 3 -
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.
July 3 -
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.
July 3 -
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3