ONTARIO, Calif.-DU Direct Corp. said it has signed three more CUs to its CU Direct Lending platform. Oklahoma Central CU, Aloha Pacific FCU and Charter Oak FCU will be integrating their back-office processing and loan origination with CUDL's platform. Two others, Sandia Laboratory FCU and Franklin Mint FCU, have also signed a partnership agreement with CUDL to implement its AutoSMART program. Those two credit unions will employ the AutoSMART program to help extend their brand and member offerings by providing members with a wide-range of online vehicle research tools, as well as access to dealers and their inventories.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
7h ago - Yahoo Finance Feed
Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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The Senate passed President Trump's tax and spending bill Tuesday, but questions around Consumer Financial Protection Bureau funding, 1071 delay and remittance taxes remain as GOP leaders scramble to pass the bill out of the House before Trump's July 4 deadline.
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