FedComp, Inc. and CUNA Mutual Group's Financial Management Services (FMS) Department have created an alliance to market CUPRO Asset/Liability Management (ALM). At no additional charge FedComp said it will provide its clients an interface with an automated general ledger download to CUPRO, saving staff time and increasing data accuracy. Currently FMS supports more than 850 credit unions using the CUPRO software. For info: 800-733-3266.
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The OCC had hit James Strother and other executives with civil charges a year ago in connection with the bank's phony-accounts scandal. His monetary penalty is lower than what the agency had first floated.
Federal relief efforts have minimized loan losses so far, but risks remain in credit card, auto and business lending. Many borrowers will need another lifeline to stay afloat until the economy rebounds, CEO Jamie Dimon says.