NCUA has signed a memorandum of cooperation with the Export-Import Bank of the United States that seeks to strengthen financing support for America's small businesses. NCUA Chairman JoAnn Johnson and Ex-Im Bank Acting Chairman James Lambright signed the agreement at the Ex-Im headquarters in Washington. "The loan program guarantees available through the Ex-Im Bank are a great resource for the nation's credit unions to assist their members' small businesses, by facilitating additional access to capital and credit to expand and grow their small businesses," said Johnson at the signing ceremony. For info: www.exim.gov.
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New York Attorney General Letitia James and 12 of her peers alleged Monday that the personal installment lender surreptitiously adds costs for unwanted products. OneMain denied the claims.
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While it's moving away from embedding transactions in ChatGPT to funneling purchases through third parties, analysts say the artificial intelligence lab's shift doesn't dilute the threat large language models pose to traditional card issuers.
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The Alabama-based regional bank plans to open 135 to 150 branches over the next five years, while closing the same number. Regions' decision to accelerate its timeline by two years comes as large and regional banks try to capture more market share in the Southeast.
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A coalition of Democratic attorneys general, led by California and Illinois, have sued the Department of Housing and Urban Development over a guidance that they argue will scale back enforcement to strict federal standards and threaten state funding to enforce fair housing laws.
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CEO René Jones told American Banker that private-credit firms are both partners and competitors. "Today, one of the concerns is that we don't have that full transparency, as much as we would like. And so we have to be cautious as we move in that direction," he said.
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