ALEXANDRIA, Va. - (03/25/05) -- Mainline credit unions continued tosee NCUA's underserved field of membership policy as the bestchance to expand their markets last month. The federal regulatorsaid it approved a request form JSC FCU, in Houston, to serve thecity's entire two million residents under its underserved policy;one of the biggest expansions ever granted under the policy. NCUAalso approved applications from Southeast Financial FCU, Nashville,to serve almost one million people in the Nashville area; fromMOCSE Central Valley FCU, Modesto, Calif., to cover 900,000 peoplein greater Modesto; and from Hiway FCU, St. Paul, Minn., to serve500,000 people in the metropolitan area.
-
Earlier in the day, Fed Gov. Stephen Miran chastised the Fed for wading into politics under the Biden administration, as he currently takes unpaid leave from President Donald Trump's top advisory council.
9h ago -
CEO Chris Gorman applauded what he sees as a transformation of bank regulation since President Trump took office. He described a shift from layers of exams and documentation to a streamlined focus on liquidity, capital and earnings.
10h ago -
Zions Bancorp. is among the latest banks to report material losses due to alleged borrower fraud. Stocks of regional lenders plunged on Thursday.
10h ago -
Merchants alleged the major card networks illegally conspired to shift fraud liability onto them with the adoption of EMV chip technology.
10h ago -
The Buffalo-based bank said Thursday that the paring of its CRE loan book, which has nearly halved in volume over the last three years, may be near its inflection point.
11h ago -
The BNPL lender is launching a three-day shopping event that pushes 0% financing offers to draw more consumers into the app and increase sales volumes for merchants ahead of the holiday season.
11h ago





