The W.K. Kellogg Foundation has made a $92,000 grant to help underwrite the launch of a community development credit union here. The "Yes We Can!" grant is being used by a steering committee that has been formed to help guide Battle Creek Community Development CU as it seeks to begin operating. According to the United Way of Greater Battle Creek, 34% of Battle Creek residents have an annual income of less than $24,999, in an area where the self-sufficiency wage is $32,000 for a family of four. A representative from the National Federation of CDCUs will visit the CU.
-
The Office of the Comptroller of the Currency and 10 former officials filed amicus briefs that provide legal heft to banks battling the state of Illinois over a law that removes sales taxes and tips from interchange fees.
6h ago -
Federal Reserve Chair Jerome Powell, in a post-FOMC meeting Wednesday, said he intends to stay at his post until a successor has been confirmed, adding that he will remain on the Fed board until a Justice Department investigation into him is concluded.
7h ago -
Sen. Cynthia Lummis, R-Wyo., one of the most pro-crypto lawmakers in Washington, said any compromise on stablecoin yield would have to be limited to prohibiting rewards for stablecoin holdings rather than a broader ban.
7h ago -
Fannie Mae and Freddie Mac's single-family updates include some roof coverage options somewhat similar to what's used in one of their other divisions.
7h ago -
Following similar glitches at Lloyds and the London Metal Exchange, a tech outage at UBS has renewed scrutiny on modern banking platforms.
8h ago -
Jurors determined that Aaron Luneke, the former chief financial officer of Bank of the Valley in Nebraska, obtained millions of dollars in loans — including from his own bank — by inflating contractor bills for a new car wash business.
8h ago











