ALEXANDRIA, Va. - (05/24/06) -- Due to legal considerations, theNCUA Board has postponed a controversial vote on a amendment to theagency's field of membership rules that would bar communitycharters and single common bond credit unions from addingunderserved communities to FOMs. The action, scheduled forThursday, has been forced by a legal challenge to the underservedrules brought by the American Bankers Association. The bankerscharge that NCUA has violated provisions of the Federal CU Act bygranting more than 200 underserved FOMs for community charteredcredit unions and that the FCU Act only allows multiple groupcredit unions to add underserved communities.
-
According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks, with survey respondents expressing heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
7m ago -
The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
40m ago -
Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
1h ago -
The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
1h ago -
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
1h ago -
Powered by younger, affluent cardholders, American Express saw a 6% increase in billed business during the first quarter, while weak growth still plagues its small-business segment.
3h ago