Fitch Ratings said last week it affirmed the long-term issuer default rating and short-term issuer default rating for U.S. Central FCU at AAA and F1+, respectively, a week after U.S. Central reported strong retained earnings growth for 2005. Fitch said U.S. Central's rating "reflects its solid credit fundamentals, particularly the low risk and liquid nature of its balance sheet...U.S. Central's role within the domestic payments system due to its importance in the credit union industry is a key rating factor,"
- AB - Policy & Regulation
The high-cost lender wants a federal court to vacate a nine-figure judgment, claiming the Consumer Financial Protection Bureau acted in "bad faith" by abandoning a settlement agreement that would have sharply reduced the company's payment.
2h ago -
Analyses show that generally speaking, companies that deploy AI the most are also recruiting more humans.
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Lisa Cook can keep her seat on the Federal Reserve Board thanks to the Supreme Court's procedural concerns. Deeper questions about the central bank might not come for years — if at all.
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Senate Banking Committee ranking member Elizabeth Warren, D-Mass., said the National Credit Union Administration's efforts to roll back 31 rules without a board quorum could jeopardize the credit union system's stability and legitimacy.
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Groups representing community banks and credit unions argue that the Department of Agriculture used a faulty process when it removed 10 lenders from its OneRD loan guarantee program
June 29 -
The Kansas City bank plans to purchase St. Louis-based Nolan & Associates, adding to its investment banking advisory capabilities.
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