MANHATTAN BEACH, Calif. – An article in Monday's CUJ Daily briefing about a rebound in California incorrectly said Kinecta FCU reported a $3 million loss for the first half of the year because of a $3.6 million NCUA charge. Kinecta actually reported net income of $3 million for the first half in spite of the NCUA charge.
Analyses show that generally speaking, companies that deploy AI the most are also recruiting more humans.
Lisa Cook can keep her seat on the Federal Reserve Board thanks to the Supreme Court's procedural concerns. Deeper questions about the central bank might not come for years — if at all.
The high-cost lender wants a federal court to vacate a nine-figure judgment, claiming the Consumer Financial Protection Bureau acted in "bad faith" by abandoning a settlement agreement that would have sharply reduced the company's payment.
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., said the National Credit Union Administration's efforts to roll back 31 rules without a board quorum could jeopardize the credit union system's stability and legitimacy.
Groups representing community banks and credit unions argue that the Department of Agriculture used a faulty process when it removed 10 lenders from its OneRD loan guarantee program
The Kansas City bank plans to purchase St. Louis-based Nolan & Associates, adding to its investment banking advisory capabilities.
