RALEIGH, N.C. – Friday the 13th was a lucky day for some members of Electel Cooperative FCU, which was offering a 1.3% APR for 13 months for personal loans.
The credit union loaned out $325,000 under the “Lucky Loan” special, almost twice its original goal.
Electel serves electric and telephone cooperatives in North Carolina, Virginia, Maryland, Delaware, Tennessee and West Virginia.
Upon receiving a conditional U.S. charter approval, 25-year-old CEO Ferdinand Dabitz is assembling a team of industry experts to build a new kind of bank.
Comptroller of the Currency Jonathan Gould reiterated his pro-preemption stance Wednesday in response to a question on whether he would move to preempt other state laws — like one passed by the state legislature earlier this month in Colorado — if they come to fruition.
The co-author of the landmark Dodd-Frank Act and progressive congressional trailblazer Rep. Barney Frank, D-Mass., has died.
The White House issued an executive order Tuesday directing the Treasury department, bank regulators and the Consumer Financial Protection Bureau to advise banks on "red flags" of informal work arrangements. How agencies implement the order will determine how onerous compliance will ultimately be for banks.
Flagstar — one of the largest regional banks, operating around 340 locations across nine states — recently hired four senior executives.
The newest version of the House housing bill would make a ban on institutional investors owning some homes less harsh than the Senate version by removing a seven year mandate on selling build-to-rent homes.
