RALEIGH, N.C. - (08/09/04) -- State Employees' CU said iteliminated the service fees on a number of products, saying it wasseeking to make basic financial services more cost effective formembers. Fees for check copies and statements, debit card reissuesand travelers checks have all been dropped. In the case of the feefor check and statement copies, SECU had been offering the copiesfree via the secured Member Access section of the SECU website,ncsecu.org. But members who needed to order paper copies werecharged 50 cents for the first two copies and $1 for eachadditional copy. In the case of debit cards, after being free atfirst issue, a $3 fee had been charged on expired or lostcards.
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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
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Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
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The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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