SAN ANTONIO, Texas - (07/18/05) -- San Antonio FCU, which runs thebiggest indirect car loan program for credit unions, said it isimplementing a system that will allow dealers to transmit loanapplications to the credit union and receive their funding on thesame day. The system, offered by DealerTrack, will speed the timefor completing car sales for both members and dealers. The $1.8billion credit union has 400 member dealers in Texas and alsopurchases loans for 16 other area credit unions.
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The New York-based bank, which serves plaintiff law firms, agreed to pay $348 million for a Windy City community bank.
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A New York state bill would reduce the barrier for minority-bank and community-bank participation in the state's long-standing Banking Development District program.
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A threat that was probabilistic is now official. An Iranian military spokesperson warned of a "painful response" against U.S.-linked banks.
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The Senate passed a bipartisan housing bill in an 89 to 10 vote, but how quickly and easily the bill can pass the House remains unclear.
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The payments fintech's Nasdaq debut marks the largest U.S. listing by a Japanese company in a decade and had a strong start despite market turmoil caused by the Iran war.
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The conflict pushed oil price futures above $100 a barrel for a short time earlier this week, which affected bond investors and the 10-year Treasury yield.
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