SAN JOSE, Calif. - (05/03/06) Tech CU said it has introduceda variety of new mortgage products to expand options for members.They include CUNAs HLPR ARM loan; the Prime Advantageone-year fixed home equity loan; as well as options forself-employed members or apartment owners. Also, Tech CUsmixed-use loans offers financing of up to $7.5 million onproperties with five or more units. Tech CU said it aims to makeeach home loan customizable, from first-time residential mortgagesto real estate investments.
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Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
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To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
6h ago -
Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hardline stance on modifications.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6





