WASHINGTON - (10/27/05) -- The U.S. Department of Housing andUrban development has awarded a $701,000 grant to the National CUFoundation to help finance homeownership counseling programs at 13credit union programs around the country. The credit unions willprovide a full range of counseling services, from pre-purchase topost-occupancy. Program leaders are participating this week in anorientation at the foundation's Madison offices. Alternatives FCU;Border FCU, Cincinnati Central CU, CU Housing Partnership (GTE FCUand Suncoast Schools FCU); El Paso Affordable Housing CUSO (eightEl Paso, Texas, area credit unions); First Choice CU; LA DOT FCU;Opportunities CU; OUR FCU; Security 1st FCU; South Side CommunityCU; Syracuse Cooperative FCU and WCTA FCU.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
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The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
April 25 -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
April 25 -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25 -
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.
April 25