When Texas credit unions host their annual Credit Union Texas Twister run in Austin, Texas on Oct. 30, members of the military deployed here will stage a sister run. At the Army's Task Force Eagle base in Bagram, Afghanistan, Tim Villasana of the National Guard's 111th Area Support Group from Austin and Task Force Eagle, is arranging the run. "This gives us something to get our minds off what is going on over there," he said. In addition to Task Force Eagle members, members of the Navy, Air Force, Marines and other coalition forces such as Korea, Poland, France and Slovakia will participate. The second annual Credit Union Texas Twister, which raised $50,000 in funds for the Children's Miracle Network in 2004, will also forward some proceeds to hurricane relief.
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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.
9h ago -
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.
9h ago -
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.
10h ago -
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.
11h ago -
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.
April 24 -
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.
April 24