RIVERWOODS, Ill.-CU members were more optimistic about the economy than non-members, according to the April Discover U.S. Spending Monitor. The poll tracks economic confidence and spending intentions throughout each month with 8,200 consumers. Members ranked the economy at 92.2 in April-an increase over 90.8 in March. Non-members' sentiment was at 87.5 in April and 88.7 in March, while rankings by overall adults-members and nonmembers alike-were at 89.4 in April and 89.5 in March. Still, 55.8% of members and 55% of total adults surveyed rated the overall economy as "poor" in April. In March, 53.3% of members gave the same rating.
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Banesco USA in Miami is among the banks that are eyeing the government-guaranteed lending program as a source of growth.
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The House Financial Services Committee unanimously passed bills that would give the Federal Deposit Insurance Corp. more options in resolving failed banks, including by waiving the "least-cost resolution" requirement in some circumstances.
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The Treasury official renewed a pledge to avoid hurting how mortgages trade in a Fox Business News interview as a new study highlighted one way to do that.
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A federal appeals court agreed to have the full bench rehear arguments by the Consumer Financial Protection Bureau's union about whether the Trump administration planned to gut the agency through mass firings.
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Daryl Byrd, who led Iberiabank until it was acquired by First Horizon, has assembled an investor group to acquire MC Bancshares and its subsidiary, MC Bank & Trust Co. in Morgan City, Louisiana. Byrd will become CEO.
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Nine banks and lenders were impacted by the yearslong, $923 million fraud enterprise, according to an indictment of top Tricolor executives. The banks were not publicly named, but JPMorganChase, Fifth Third, Barclays, Louisiana-based Origin Bancorp and Texas-based Triumph Financial have said they would take write-downs.
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