GRAND RAPIDS, Mich. - (06/12/06) A federal court Friday set aJuly 6 hearing for a suit in the members revolt over theattempted conversion of DFCU Financial to a mutual savings bank.The suit challenges a decision by the DFCU directors to reject arecall petition which was signed by 1,800 angry members askingspecial meeting to vote to oust the directors. Two members of the$1.8 billion credit union, Richard Sly, a former director himself,and Raymond Ward, charge in a civil suit that directors violatedthe credit unions bylaws requiring the board to hold aspecial meeting it petitioned to do so by 500 members ormore.
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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