INDIANAPOLIS - (01/20/06) -- The Federal Home Loan Bank ofIndianapolis said Thursday it lifted its fourth quarter dividend to4.75% for B-1 stock and 3.80% for B-2 stock. That's up from 4.25%paid on B-1 stock and 3.40% on B-2 stock for the fourth quarter in2004. The dividends will be paid in cash to the bank's 432financial institution members, including 92 credit unions, inIndiana and Michigan.
The Federal Reserve Board finalized changes to its supervisory rating framework, allowing large bank holding companies to be considered "well managed," even with one deficient rating.
As the emerging form of artificial intelligence impacts payments, pace of payment disputes and the workload will change.
The chairman and CEO of First Independence Bank in Detroit is the new chairman of the American Bankers Association. He said his extensive involvement in industry advocacy roles over the past eight years has made him a better leader.
The Consumer Financial Protection Bureau is considering a proposal to reduce its oversight of auto finance lenders, saying the benefits of supervision may not justify the "increased compliance burdens."
A regulatory filing Wednesday sheds more light on how the megamerger came together. It also details the compensation arrangements for Comerica CEO Curtis Farmer, who will become Fifth Third's vice chair.
The credit union fintech and core provider partnered to launch three new agentic AI-powered tools for credit unions that work with existing systems.
