WASHINGTON - (09/30/05) -- President Bush signaled NCUAChairman JoAnn Johnson, the only member of the three-person NCUABoard, that help is on its way and said Thursday he plans tonominate Gigi Hyland, general counsel for Empire Corporate FCU tothe panel. Capitol Hill sources say they expect Hyland's nominationto be heard the same time as Rodney Hood, nominated for the Board'sother vacancy, potentially filling the panel to full strength intime for its regularly scheduled monthly meeting in a few weeks.Hyland has long experience with credit unions, having served as avice president for CUNA, as executive director of the Associationof Corporate CUs, and worked with her mother's and father's creditunion law practice, Hyland & Hyland, in Alexandria, Va. Hyland,a Democrat, would ostensibly fill the seat of Deborah Matz, also aDemocrat, who is leaving the NCUA Board Friday. The third seat onthe panel has been vacant for more than a year.
-
Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
6h ago -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
10h ago -
Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
10h ago -
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
11h ago -
The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
11h ago -
State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
September 17