WASHINGTON - (12/09/04) -- The three major credit bureaus werereporting heavy demand for free credit reports required in 13states beginning Dec. 1 under the new credit reporting law, knownas the FACT Act. Rollout of the free reports wasstaggered--starting in the western states--to allow the three majorcredit bureaus to cope with expected heavy demand. Representativesof the three bureaus, Equifax, Experian and TransUnion, said tensof thousands of consumers had requested free copies of their creditreports, used by credit unions and banks, among others, to gaugecreditworthiness. Under the new law consumers are allowed one freecredit report from each agency.
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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.
April 25 -
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.
April 25 -
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