Following the bursting of a pipe at Farmington Middle School West that damaged the school's entire computer lab, US Federal Credit Union has donated 40 computer systems to replace those ruined by the water and flooding. The donation was the result of USFCU employee Jon Hallberg, Director of Network Telecom Services who saw a televised news report of the incident and contacted the school. As the school closed for the day to allow clean-up, Hallberg discussed details with principal Dr. Steven Geis. School officials have been preparing to install the computers and expect to have them ready for students to use during April.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
February 9 -
Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
February 9 -
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
February 9 -
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
February 9 -
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
February 9 -
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
February 9





