ATLANTA – Rick Foley, president of Delta Community CU, will retire from the $4.3-billion credit union later this year, the credit union announced yesterday.
Foley joined Delta Air Lines, the original sponsor of the credit union, in 1966 and served on the credit union’s management team since 1986. He was promoted to president in 2004, when the credit union had $2.5 billion in assets.
The credit union said it will conduct a national search for Foley’s successor.
Upon receiving a conditional U.S. charter approval, 25-year-old CEO Ferdinand Dabitz is assembling a team of industry experts to build a new kind of bank.
Comptroller of the Currency Jonathan Gould reiterated his pro-preemption stance Wednesday in response to a question on whether he would move to preempt other state laws — like one passed by the state legislature earlier this month in Colorado — if they come to fruition.
The co-author of the landmark Dodd-Frank Act and progressive congressional trailblazer Rep. Barney Frank, D-Mass., has died.
The White House issued an executive order Tuesday directing the Treasury department, bank regulators and the Consumer Financial Protection Bureau to advise banks on "red flags" of informal work arrangements. How agencies implement the order will determine how onerous compliance will ultimately be for banks.
Flagstar — one of the largest regional banks, operating around 340 locations across nine states — recently hired four senior executives.
The newest version of the House housing bill would make a ban on institutional investors owning some homes less harsh than the Senate version by removing a seven year mandate on selling build-to-rent homes.
