While the attention of credit unions this week will be on Washington, D.C., where thousands have gathered for CUNA's annual Governmental Affairs Conference, The Credit Union Journal asked each of the state leagues to discuss the potential threat to the credit union tax exemption at the state level, where most bank attacks seem to be centered. This year's questionnaire: How would you rate the tax threat in your state? Is your state looking to credit unions for revenue? What's been your best response on these issues? Editor's Note: Some responses are written in the first-person voice of the respective state league or association.
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Banks maintain lists of consulting firms that they trust to help troubled commercial borrowers to fix their businesses. These specialists say they're getting more calls, especially in areas such as multifamily and CRE, from business owners who need help.
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Nearly 15 years ago, Les Lieberman and other organizers of Porticoes Capital used a shelf charter to buy a spate of failed banks. Now they're hoping to replay the strategy.
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The financial services company has found that engineers report higher satisfaction and save time when using a copilot to assist with coding.
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The embedded banking services Amazon offers to third-party sellers come from the hidden hand of JPMorgan Chase's corporate payments arm, which markets its services to e-commerce platforms on a white-label basis.
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The embattled Long Island bank unveiled a turnaround plan that involves selling noncore assets and diversifying its commercial loan book. But first, it will need to sort through credit-related challenges in its large commercial real estate portfolio.
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During this week's Federal Open Market Committee meeting, officials voted to lower the cap on the amount of Treasury securities that can roll off the central bank's books each month from $60 billion to $25 billion.
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