NCUA Chairman Dennis Dollar has appointed NCUA Vice-Chair JoAnn Johnson to serve as the agency's designated representative on the Financial Literacy and Education Commission, a commission created by a newly enacted federal law which is designed to coordinate efforts among twenty federal departments with responsibilities to promote and implement financial literacy programs. "Financial literacy is a keystone component to the success of NCUA's Access Across America initiative," said Chairman Dollar in announcing the appointment. "This new commission will enable NCUA to coordinate with our fellow agencies in a systematic way to prioritize financial literacy wherever possible."
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Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
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Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
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The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
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The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
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American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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