TULSA, Okla. - (01/02/06) The wildfires that have streaked acrossportions of Oklahoma and Texas so far havent touched any ofthe credit unions in those areas, according to the Oklahoma CULeague and the Texas CU League. We do have credit unions inthose areas, but we dont know of any that have beenaffected, the OCUL said. We have not heard of anycredit unions that have been affected or any credit union membersor employees who have lost homes, said Allison Castle,TCULs communications director for advocacy. Most ofthese fires are in very rural areas and not really near any creditunion facilities. But with more warm, dry weather expectedover the next few days, more fires could crop up, so the entireregion is on alert. Fireworks on New Years Eve arepretty common, especially in rural areas, but most areas aredeclaring burn bans, which would include fireworks because Texas isjust like tinder right now, Castle noted. The mediahas really done a good job of reporting on this situation, sopeople should be aware of the ban.
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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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At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
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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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The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
April 24 -
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.
April 24