DULUTH, Ga. - (08/12/04) -- Georgia Central CU plans to roll outan online loan particiation service, called MemberMatch, later thismonth that will match credit unions anywhere in the U.S. who wantto participate in loans. To dat, particiapation in the service hasbeen limited to Georgia credit unions. The program connects creditunions interested in either buying or selling loans, stores thedata about loan participation pools that are available, as well asspecifics about what buyers are looking for. Purchasing creditunions may sign up to use the notification agent, which will alertthem when a pool of loans is posted meeting their criteria. Theservice will be offered free throughout the remainder of the year,after which it will be priced on a market-based feeschedule.
-
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
7h ago -
Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
9h ago -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
11h ago - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
11h ago -
A panel at CBA Live explored the contract provisions banks need to consider before embarking on new banking-as-a-service relationships and what catches their eyes in consent orders from banking regulators.
March 27 -
VersaBank in London, Ontario, agreed nearly two years ago to buy a small Minnesota bank. The buyer's CEO says he remains hopeful approval will come soon.
March 27