ROCKVILLE, Md. - (07/26/05) -- Student interns have taken over MCTFCU for the summer. The credit union brought in 11 student internsfrom the local Montgomery County Public Schools to learn and workdifferent jobs, including, collections, call center, humanresources, accounting, and tellers. The interns in the brancheswork as tellers-handling cash, cashing checks, and distributingmoney orders. The other interns throughout the various departmentsassist the staff with account reconciliations and other duties.This is the fifth year in a row the credit union, formally known asMontgomery County Teachers FCU, has run the internshipprogram.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
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At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
April 24 -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
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The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
April 24 -
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
April 24