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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The Office of the Comptroller of the Currency and 10 former officials filed amicus briefs that provide legal heft to banks battling the state of Illinois over a law that removes sales taxes and tips from interchange fees.
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Federal Reserve Chair Jerome Powell, in a post-FOMC meeting Wednesday, said he intends to stay at his post until a successor has been confirmed, adding that he will remain on the Fed board until a Justice Department investigation into him is concluded.
March 18 -
Sen. Cynthia Lummis, R-Wyo., one of the most pro-crypto lawmakers in Washington, said any compromise on stablecoin yield would have to be limited to prohibiting rewards for stablecoin holdings rather than a broader ban.
March 18 -
Fannie Mae and Freddie Mac's single-family updates include some roof coverage options somewhat similar to what's used in one of their other divisions.
March 18 -
Following similar glitches at Lloyds and the London Metal Exchange, a tech outage at UBS has renewed scrutiny on modern banking platforms.
March 18 -
Jurors determined that Aaron Luneke, the former chief financial officer of Bank of the Valley in Nebraska, obtained millions of dollars in loans — including from his own bank — by inflating contractor bills for a new car wash business.
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