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The credit union regulator can accomplish so much more when board members work in a good-faith, fair-minded manner.
July 23
National Credit Union Administration -
Cadmus Credit Union agreed to merge into Chartway Federal Credit Union after one of its select employer groups said it would shutter the facility where its only branch was located due to business issues that arose from the coronavirus.
July 23 -
Banks lending against the oil and natural gas reserves of hundreds of independent U.S. drilling companies have pulled back from the sector at an unprecedented rate this year after oil and gas prices slumped.
July 23 -
Bad actors are taking advantage of e-commerce weak spots, using fake online businesses to process payments for drugs and other illicit purchase; masks may make sense at Walmart, but what about Bank of America?
July 23 -
Recruiting directors from a variety of backgrounds is a challenge familiar to many credit unions. A member of one of the nation's largest CUs is calling for that institution to address the problem.
July 23 -
Now is the best time for SMBs to adapt before the major influx of traffic that will come when businesses are allowed to fully reopen, says Fattmerchant's Suneera Madhani.
July 23
Fattmerchant -
Universities are facing the same uncertainties as any other business during the coronavirus pandemic. This is especially true for universities that cater to international students.
July 23 -
Many commercial property owners are locked out of existing coronavirus relief by financing terms that bar them from taking new loans. Under a House bill, they would receive government-backed equity investments.
July 22 -
Other regionals set more aside for loan losses than the Cleveland bank did in the second quarter, and its ratio of reserves to total loans is slightly lower, too. But Key executives say the portfolio is balanced and holding up well despite the pandemic’s economic toll.
July 22 -
The Dallas company, which in May terminated a deal to merge with Independent Bank, set aside $100 million for worrisome loans and incurred severance costs after cutting an undisclosed number of positions.
July 22





