TULSA, Okla. - (01/25/06) -- Red Crown CU celebrated itspartnership with Bryant Elementary School with milk and cookies forevery class. As part of the celebration, the credit union presentedthe local school with 350 credit union tee-shirts, a $500 check,alarm clocks, hats and mittens and $10,000 worth of schoolsupplies. The students expressed their thanks by singing holidayand thank-you songs. Red Crown is inviting all of its members tojoin in the new partnership by donating school supplies, books,snacks or volunteering their time.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
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At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
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Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
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The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
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Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
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