AMES, Iowa - (02/27/06) -- Greater Iowa CU said last week ithas sold its credit cards portfolio to US Bancorp's Elan FinancialServices unit, which will manage and market the credit union'scards program under an agent contract. The portfolio had more than3,900 accounts and $6.5 million in receivables. Greater Iowa CU,formerly known as ISU Community CU, has $202 million in assets andis the state's sixth largest credit union.
A threat that was probabilistic is now official. An Iranian military spokesperson warned of a "painful response" against U.S.-linked banks.
The Senate passed a bipartisan housing bill in an 89 to 10 vote, but how quickly and easily the bill can pass the House remains unclear.
The payments fintech's Nasdaq debut marks the largest U.S. listing by a Japanese company in a decade and had a strong start despite market turmoil caused by the Iran war.
The conflict pushed oil price futures above $100 a barrel for a short time earlier this week, which affected bond investors and the 10-year Treasury yield.
Federal Reserve Vice Chair for Supervision Michelle Bowman outlined upcoming changes to the bank regulatory capital framework in a speech Thursday, focusing on streamlining bank capital requirements through Basel III and global systemically important bank surcharge rules.
