BALTIMORE - (02/01/05) -- Municipal Employees CU of Baltimoresaid it returned $3.7 million to its members in the form of loaninterest rebates and extraordinary dividends for 2004. Loaninterest rebates were deposited into members share accounts the endof November and the extraordinary dividends were deposited the endof December. The $750 million credit union ranks in the top 3%nationally in 'give-back factor,' a measurement in the credit unionindustry that looks at the interest rate charged on loans, theinterest paid on deposits and the amount returned to members at theend of the year.
-
The Office of the Attorney General in New York says the bank violated the state's Exempt Income Protection Act, illegally transferring customers' money to debt collectors.
7h ago -
The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
7h ago -
After the Minneapolis-based company reported stubbornly high commercial deposit costs, it reduced its full-year forecast for net interest income by $200 million-$500 million.
9h ago -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
10h ago -
Rising deposit costs have plagued banks in general, and the Tennessee bank had to pay up to bolster liquidity after its failed merger with TD. But First Horizon retained customers in the first quarter while not paying them the special rates they got last year.
10h ago -
U.S. customers who have previously used Sweden-based Klarna's buy now/pay later financing — and paid off their loans in full — will be prequalified for interest-bearing loans through a new version of the Klarna Visa card rolling out later this year.
10h ago