WASHINGTON - (01/16/06) NCUA and the banking regulatorswill unveil a new campaign of public service announcements thisweek that will urge the hundreds of thousands of hurricane Katrinaand Rita victims to continue working with their credit union orbank to resolve the ongoing financial recovery caused by themassive storm. The PSAs will run in print and on radio in thestorm-stricken areas and will urge victims to Contact YourLender to discuss and develop financial strategies to. Theregulators are also calling on the lenders to continue forebearanceon the affected borrowers by restructuring repayment terms andschedules, deferring principal or interest for additional periods,and providing help ful information. Although four months havepassed since the two major storms, regulators note that manyvictims have still not contacted their lenders.
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The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
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In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
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To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.
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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.
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