FARMERS BRANCH, Texas - (09/12/05) -- The Texas Credit Union League (TCUL)plans to offer a toll-free telephone number to help displaced GulfCoast credit union members find a Texas credit union that isproviding services. "We appreciate the dozens of credit unions thathave responded to our call to provide an accounting of the servicesthey are providing both for credit union members and non-membersalike," said Dick Ensweiler, TCUL president/CEO. "With thisinformation, we are preparing to launch a statewide publicityeffort to help people find credit unions in their area that areproviding vital financial services in their hour of need." Theleague is also working to create a statewide database ofinformation on where services are available.
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The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
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The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
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The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.
April 23