ORLANDO, Fla. - (06/13/06) As tropical storm Alberto wasrapidly approaching the Florida coast, CUNA announced Monday at itannual Future Forum the launch of a toll-free number credit unionmembers may call throughout the U.S. to find out the status of thecredit union during natural disasters. CUNA Strategic Services saidthe service, available at 1-877-CU-LOCATE, has already beenprogrammed to accommodate every credit union in the U.S. Memberswill be able to call the number, and then choose a menu to find thecorrect mailbox for their respective credit union. The credit unionwill be responsible for updating information, such as any newlocation at which the credit union is operating, branch status,changes in hours, etc. The suite of services, conducted inconjunction with VoiceGard, is part of a disaster responseinitiative developed in the wake of the 2005 hurricane seasons whengiant storms like Katrina and Rita knocked out hundreds of creditunions and their branches.
-
The FDIC Board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
37m ago -
The state's Comptroller of Public Accounts is one of several notable non-depositories with access to the Fed's payments system, along with the Chicago Mercantile Exchange and the Tennessee Valley Authority. So why do they have accounts while some neobanks don't?
44m ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
45m ago -
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
3h ago -
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
April 24 -
The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
April 24