COLUMBIA, Md. - (01/02/06) A strict statute prohibiting predatorylending has been signed into law here by Montgomery CountyExecutive Douglas. The bill, which had earlier passed the CountyCouncil, will go into effect on March 8 and affects all federal andstate-chartered institutions, including credit unions, that loanmoney secured by a dwelling on real property in Montgomery County,Md. The reason federal charters are not exempt is the statute fallsunder anti-discrimination laws.
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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.
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The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3