ARLINGTON, Va. - (08/31/04) -- NAFCU is asking that NCUA provide anexception to its experience requirement for lendersthat have been approved by the U.S. Small Business Administrationto make SBA-backed loans, since the SBA is providing a guarantee onthe loans. NAFCU is also pressing the agency to consider utilizingthe net member business loan balance for purposes of calculatingthe net worth, or minimum capital, requirement and permit creditunions to exclude MBLs from the calculation once the loan balancehas been paid below the $50,000 threshold.
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The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27 -
A panel at CBA Live explored the contract provisions banks need to consider before embarking on new banking-as-a-service relationships and what catches their eyes in consent orders from banking regulators.
March 27