LAKE MARY, Fla. – Central Florida Educators FCU recently made good on its five-year commitment to donate $500,000 to Orange County Public Schools for books. Last month, the $1.1-billion credit union made its final payment of $100,000 divided among 10 Orange County public schools. This year Cypress Park, Lake Como, Lockhart, Maxey, McCoy, Ridgewood Park, Rosemont elementary schools; Union Park and Wolf Lake middle schools; and Apopka High School received $10,000 each to buy books for their media centers.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
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As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
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While bankers generally seem to support a draft rule that would make larger companies eligible for SBA loans, smaller firms and Democratic lawmakers have panned the proposal.
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Even as it also spends big on AI, Bank of America is sending a clear signal that human workers will still play an important role in tomorrow's workforce.
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Sixteen percent of consumers took out a buy now/pay later loan in 2025, according to the Federal Reserve, as more low-income consumers turn to the short-term installment loans for everyday expenses such as groceries. That's creating a blind spot for banks that underwrite consumer credit.
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