WEST PALM BEACH, Fla. -- In response to numerous reader requests,credit unions now have the opportunity to order reprints of the special report on credit union ROA entitled, 'The Big Margin Squeeze,' which appeared in the July 10 issue. Ideal for distribution in board packets, this comprehensive, insightful report includes views from nearly 20 analysts, in addition to three case studies, on what the decline in ROA means for credit unions and what can be done about it. Permission to make copies with a PDF prepared file is available at a discounted rate: 1-50 copies-$100; up to 250 copies-$500 (customizations available at full rate). Please note that these rates are only applicable for this article. For info: please contact Charlton Sanabria at (212) 803-8377 or charlton. san-abria@sourcemedia.com.
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The Bureau of Economic Analysis' personal consumption expenditures inflation report for May showed that inflation had risen 4.1%, meeting elevated expectations and casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve.
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The company, formerly known as LendingClub, moved from NYSE to Nasdaq as it officially launched its new name as a full-fledged digital bank.
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Critics of the OCC's broad preemption stance say the OCC is resurrecting an approach Congress curtailed after the financial crisis, setting up another Supreme Court test over the balance between federal banking powers and state consumer protections.
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Keweenaw Financial plans to acquire neighboring Range Financial in a transaction that would create an institution with nearly $1.7 billion of assets.
June 24 -
In 2024, a Honduras-born man who was buying a motorcycle was turned down for a loan. Two years later, Truist Financial is facing a discrimination lawsuit — and the plaintiff's lawyer says many lenders are vulnerable to the same accusations.
June 24 -
The nation's largest banks saw their aggregate capital levels decline the least since the stress testing regime was reformed in 2020. Even so, the Fed will keep stress capital buffers unchanged as it weighs structural changes to its annual capital test.
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