LIVE OAK, Texas - Randolph-Brooks FCU here may have become the only credit union in the nation with a freeway exit sign in its name. After the $2.5 billion credit union moved its headquarters to this San Antonio suburb, and brought 300 jobs with it, the city of Live Oak changed the name of the Point Northeast Parkway to Randolph Brooks Parkway. The Texas Department of Transportation then erected signage along eastbound Loop 1604, near the intersection with Interstate 35, that announces 'Randolph Brooks.' The credit union serves 239,000 members.
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Beast Industries, owned by the YouTube star known as MrBeast, has acquired the Gen Z-oriented financial wellness app Step.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
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Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
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The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
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Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
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