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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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.
2h ago -
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.
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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 -
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
September 17 -
The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
September 17