PORTLAND, Ore. - (09/30/05) -- TitleAuctions Inc. Announced it hassigned two of the largest credit unions, Texans CU and VyStar CU,to sell their repossessed cars on its auction site. The site,CUAuctions.co., allows credit unions to sell repo vehicles onlineto their members on their own websites. Inventory is also marketedto non-members through search engines, like Google, MSN and Yahoo.Privately owned TitleAuctions has a client base of 59 credit unionsin 19 states. Texans CU is based in Richardson, Texas and has morethan $1.4 billion in assets, and VyStar CU is in Jacksonville,Fla., and claims almost $3 billion in assets.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3