Mid-States Corporate FCU has introduced a "Loan Exchange Program." Using a secure website, the service matches buyers and sellers of loan participations. "Sellers can list loans that are available to buyers and buyers can review the characteristics of the loan package," MidStates noted. "By keeping the buyers and sellers anonymous, the program provides the avenue for buyers to 'kick the tires' before there is any contact with the seller." Once a buyer's bid is accepted, Mid-States then links the buyer and seller together to finalize the transaction. There is no cost to the credit union to list loans that are available for participation or to "shop" the listing of loans offered by others.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3 -
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3