Tom Landry of Athol (left) and Bill Anderson unveil the birthday cake that they and their fellow students at Monty Tech baked for Workers' Credit Union's 90th Birthday Celebration. They both received $250 for creating the winning design. The credit union asked the students in the Culinary Arts Department to create designs that depicted its heritage and service to the community. The cake, the largest ever the school has created, fed more than 600 people The $450-million Workers Credit Union was the sixth CU founded in Massachusetts, beginning its life with a desk in the corner of a local newspaper's office.
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The private student loan market figures to benefit from Republican-led changes to the much larger federal program. But other consumer lenders could face a fallout as more Americans are forced to reconsider which debt payments to prioritize.
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The buy now/pay later provider and aspiring neobank submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to establish Klarna Bank.
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The U.S. has created just 36,000 jobs on average every month over the last year; that's long enough to be a trend, and a weak one at that.
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Federal Reserve Board Gov. Christopher Waller says he is OK with dialing down the amount of communication issued by the central bank's monetary policy committee, but doesn't want the central bank to throw out the baby with the bathwater.
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Banking law scholars warn the Supreme Court's ruling in Trump v. Slaughter will further politicize bank regulation, clouding policy expectations for firms and reshaping the balance of power between the White House and financial regulators.
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Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
July 3









