TEXAS CITY, Texas - (11/02/04) -- Amoco FCU said it has honored itslong-time president and CEO George Ballis by naming its officeshere after him. Ballis, who originally worked for the creditunion's sponsor, Amoco Chemical and Amoco Oil Refinery, spent morethan 40 years at the credit union, becoming assistant manager in1965, then CEO in 1973. He oversaw the growth of the institutionfrom 4,000 members when he took over, to more than 40,000 membersand $350 million in assets when he retired in 1998.
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Banks that don't offer buy now/pay later risk pushing customers—especially younger ones—into fintechs' arms.
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Over the course of its first year in office, the second Trump administration has neutralized the enforcement of key civil rights laws by reorienting Consumer Financial Protection Bureau rules and eliminating "disparate impact," that allows banks to be penalized for the discriminatory effects of policies without proving discriminatory intent.
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In an interview at ICE Mortgage Technology's annual conference, Bob Broeksmit also expressed skepticism of market dominance among just a few large lenders.
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For the first time, we're expanding coverage powered by our sister brands Financial Planning and National Mortgage News.
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