WASHINGTON - (12/15/05) Texas Rep. Jeb Hensarling (R) has askedthe Government Accountability Office to investigate whether NCUA isobstructing the conversion of credit unions to mutual savingsbanks. The request by Hensarling follows a similar appeal by thebanking trade group Americas Community Bankers for a GAOstudy. ACB suggested that unwarranted interference" by NCUAis preventing some credit unions from converting to mutual savingsbanks. In his own letter, Hensarling said recent news reports had"given the impression that a bias against credit union conversionsmay exist at the NCUA and could lead the administration tointentionally or unintentionally obstruct the ability of creditunion members to decide freely and fairly the future of theircredit union." Two Texas credit unions are in the process ofconverting to mutual savings banks. In both cases, NCUA challengedthe process before being turned back in the courts.
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To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
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Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
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Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
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