SAN DIEGO - (04/27/06) Linda Baughman, the host of thepopular radio show Money Matters With Linda B, forthe past year, has resigned as president and CEO of USE CU, whereshe developed her financial literacy program. Baughman, whose showdebuted on local radio and expanded to the Internet, will besucceeded as acting CEO by Jim Harris, chief operating officer forthe $770 million credit union, and former executive vice presidentfor The Golden 1 CU. Baugham's show discusses critical financialissues like surviving divorce or women and retirement, and includedcall-in questions from listeners or interviews with popularauthors. Officials with the credit union said they do not know whatBaughmans plans are but she is rumored to be interested in amedia job to put her financial education skills to use. Baughmanheaded USE CU for 12 years after a career in banking.
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Andrew Foster, the bank's chief data officer, explained how he has been instilling data discipline across the organization and making the bank's data AI-ready.
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The Office of the Comptroller of the Currency will announce Senior staffers overseeing large, regional and community banks early next month, apparently reversing the unified approach to supervision it implemented earlier in the year.
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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
September 17 -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
September 17 -
Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
September 17