MARLBORO, Mass. - (09/08/04) -- Members Insurance Agency, LLC., aprovider of insurance services for credit unions in Massachusetts,Rhode Island and New Hampshire, said it has agreed to marketbundled settlement services provided by First Lenders Data, Inc.,under a private label version of FirstClose. So far, 20 of MIA'scredit unions are using MemberClose, the company's name for theFirst Lenders Data suite of products. MIA provides insuranceproducts and services for 300 credit unions in the three states.Fist Lenders Data is based in Austin, Texas.
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Markets were bracing for the chaos of a regional war; banks may be the target of sophisticated cyberattacks, experts warn.
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The financial advisory firm initially sought an industrial loan charter back in 2020. It's the third company to receive the necessary approvals this year, joining General Motors and Ford.
February 27 -
Though changes to bank capital rules previewed by Federal Reserve Vice Chair for Supervision Michelle Bowman in February are being viewed as welcome, experts say other more significant hurdles — not all of them regulatory — are keeping banks on the sidelines of mortgage servicing and lending.
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The proposed national trust charter company would be a wholly owned subsidiary of Morgan Stanley. The application was filed on Feb. 18.
February 27 -
Fulton Financial received the necessary approvals to acquire Blue Foundry Bancorp; JPMorgan hired two Bank of America health care veterans while shuffling leadership; Mizuho Financial Group has plans to replace about 5,000 administrative jobs with artificial intelligence over the next 10 years; and more in this week's banking news roundup.
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Preferred Bank moved a $115 million block of loans to nonaccrual status after the borrower, which is battling fraud charges leveled by other banks, began missing payments.
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