DETROIT - (12/22/05) -- Members of Public Service CU, manyof them facing automotive job cutback, got some help paying fortheir Christmas gifts this week--a rebate deposit paid into theiraccounts Monday. The credit union made the special holiday payoutto all members, totaling about $310,000. The payout comes as manyof the credit union's members in the automotive industry are facinglayoffs or reductions in salary and benefits.
This data release means another milestone for the use of updated credit score models than the current FICO Classic has been met by Fannie Mae and Freddie Mac.
The Connecticut-based bank announced its release from a formal agreement with regulators. It is pushing to expand in wealthy areas such as Beverly Hills, California, and Palm Beach, Florida.
The fintech said that Senior Vice President of Group Finance Hwa Tsao would become the company's interim chief financial officer effective Sept. 1 following the departure of CFO Ethan Tandowsky at the end of August. Separately, Gayathri Rajan will assume the role of chief product officer, effective immediately.
The rise in completed modifications occurred as many other loan performance indicators plateaued, and may reflect the temporary impact of recent rule changes.
A bill setting national standards for earned wage access programs passed the House Financial Services Committee in a 29-22 vote.
Courts in Sweden told Google to pay price comparison website and Klarna subsidiary PriceRunner nearly $2 billion after the court found that Google favored its own price comparison service. PriceRunner initially sought more than $8 billion in damages.
