Eight of the 12 Hawaii credit unions that in 1999 formed a shared branching CUSO have now joined the Financial Service Centers Cooperative (FSCC) network. The eight members of the HICUSO network-Hawaii Community FCU, Hawaii State FCU, HawaiiUSA FCU, Hawaiian Tel FCU, Honolulu City & County EFCU, Honolulu Federal EFCU, Pearl Harbor FCU and University of Hawaii FCU-are adding their branches to FSCC's network of 750 credit unions and 803 locations in 37 states and four foreign countries. The eight Hawaiian credit unions have 29 branches located on Oahu and the Big Island. Overall, the 12 HICUSO credit unions have 34 branches located across three islands.
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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.
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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.
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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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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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