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.
-
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
11h ago -
The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
11h ago -
At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
11h ago -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
April 24 -
The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
April 24 -
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
April 24