ST. PAUL, Minn. - (02/09/06) -- St. Paul Travelers continued itsefforts to grow its credit union market by expanding protectionfrom claims involving negligence in disclosing inaccurateinformation, the insurance giant said Wednesday. The broadercoverage for the company's SelectOne for Credit Unions managementliability policy will also include lender liability for claimsbrought by any third-party or non-borrower or claims arising fromloan participations; and professional liability insurance broughtby any third-party or non-member.
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The Bureau of Economic Analysis' personal consumption expenditures inflation report for May showed that inflation had risen 4.1%, meeting elevated expectations and casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve.
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The company, formerly known as LendingClub, moved from NYSE to Nasdaq as it officially launched its new name as a full-fledged digital bank.
3h ago -
Critics of the OCC's broad preemption stance say the OCC is resurrecting an approach Congress curtailed after the financial crisis, setting up another Supreme Court test over the balance between federal banking powers and state consumer protections.
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Keweenaw Financial plans to acquire neighboring Range Financial in a transaction that would create an institution with nearly $1.7 billion of assets.
June 24 -
In 2024, a Honduras-born man who was buying a motorcycle was turned down for a loan. Two years later, Truist Financial is facing a discrimination lawsuit — and the plaintiff's lawyer says many lenders are vulnerable to the same accusations.
June 24 -
The nation's largest banks saw their aggregate capital levels decline the least since the stress testing regime was reformed in 2020. Even so, the Fed will keep stress capital buffers unchanged as it weighs structural changes to its annual capital test.
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