PENSACOLA, Fla. - (04/07/06) -- Navy FCU is preparing to breakground on the second phase of its 350,000 square-foot call centerhere, the biggest call center among credit unions. Phase one wasopened two years ago this month and employs about 500representatives in 56,000 square-feet of space. Phases two andthree will add another 1,000 employees in 300,000 square-feet, thecredit union giant's largest facility outside of its Vienna, Va.,headquarters. The facility will also include cafeteria space,fitness rooms, a family center, and a 1,200-car parking garage.Total cost of the project is estimated to be as much as $10million. The project is located on a 19-acre lot on theBell-Heritage Oaks corporate campus outside the city ofPensacola.
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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.
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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