The $386-million Georgia FCU has named someone to fill one of the more unique job positions among U.S. credit unions-Catholic Community Coordinator. After a 13-year career in banks, Leigh Gant has been named to the position, in which she will be responsible for promoting credit union membership eligibility within the Catholic community of the Archdiocese of Atlanta. In addition to serving as liaison for the Catholic community, she will support increased awareness of the affiliation with the Atlanta Archdiocese through communication with the various Archdiocesan ministries.
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At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
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Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
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The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
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Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
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Mastercard launches service to fight instant-payment fraud, EU may green-light Apple's NFC-access plan, and more.
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