WASHINGTON - (06/28/05) The House was expected to pass HR 458,which deals with predatory lending practices on military bases. Ifthe bill passes, it will head to the Senate, which hasn't acted onthe legislation, as yet, according to NAFCU's Brad Thaler.It could be that the Senate is waiting for the GAO report onthis issue that is expected out later this year, he noted.The trade association representing payday lenders and check-cashersrecently enacted a voluntary code of ethics for theirmembers.
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Consumer debt aggregators such as Method, Payitoff, Spinwheel and Tally are partnering with financial institutions to embed solutions that aggregate account information and devise ways to optimize repayment — including with low-interest offers from the bank itself.
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Federal Deposit Insurance Corp. Chair Martin Gruenberg will testify next week in Congress. Those hearings — which will come after the publication of a bombshell report detailing widespread misconduct at the agency — could signal whether he has a future at the FDIC.
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Bank stocks are up this year as interest rates have leveled off and there are hopes that pressure on lenders' profits could moderate.
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National Australia Bank is adding a Pay By Bank option for near-instant payments, Italy is bringing open-loop payments to buses in Tuscany, and more.
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DCI in Hutchinson, Kansas, is giving employees unsure about retirement the option to work part-time and gradually ease into the next phase of their lives.
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McCargo will succeed Teresa Bryce Bazemore at what the former sees as a "transitional, pivotal moment" for the Federal Home Loan bank.
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