Compensation
Compensation
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Black-owned OneUnited is getting grief for its depiction of the abolitionist on a debit card; the bank plans $4.5 billion in cost cuts, with 35,000 jobs cut.
February 18 -
"To wake up one day and assume everyone in America is going to be above average at math and above average rational is crazy," says Ethan Bloch, whose app is designed to help people achieve financial health.
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The inspector general also said high turnover at the chief information officer position has limited the agency's ability to modernize its technology.
February 14 -
Gene Foley joined Harvard University Employees CU as a teller in 1979 and has been CEO since 1994.
February 14 -
Section 705 FCU, originally chartered to serve postal employees, has a new chief executive following the retirement of its longtime CEO.
February 14 -
The tight labor market and public pressure to raise minimum wages are expected to nudge noninterest expenses upward in a year when the watchword is cost control.
February 13 -
Elizabeth Warren, Sherrod Brown and three other Democrats asked nonbank lenders to ensure they comply with fair-lending laws following a report suggesting they charge higher rates to those who have attended historically black or predominantly Hispanic colleges.
February 13 -
Connie Roy plans to retire from the Louisiana-based institution this fall after two decades at the helm.
February 13 -
Authorities looking into Barclays CEO’s dealings with Jeffrey Epstein; controversial pick Judy Shelton, critics charge, would jeopardize Fed independence.
February 13 -
Humanidei and the African-American Credit Union Coalition have committed to the goal of at least 30% racial and gender diversity in the C-suite within the next 10 years. It will take more than just lip service from the rest of the movement.
February 13 -
A study by the House Financial Services Committee on the industry’s efforts to hire and promote more women and minorities has sparked a dispute over whether banks should have to be more transparent about those efforts.
February 12 -
Wells is thought to be the first big U.S. bank to allow harassment victims to go to court instead of arbitration. An investment firm that advocates for progressive causes claimed credit for the policy change.
February 12 -
It could take a while to achieve those goals – more than half of credit union boards don’t have term limits for directors, the report showed.
February 12 -
Louisiana Medicaid plan launches telehealth effortHealthy Blue of Louisiana plans to provide its members with access to medical and behavioral healthcare via telehealth.
February 11 -
The presidential hopeful wants to mirror a German policy that allows employees of large corporations to vote for board members. Here’s why that won’t fly in the U.S.
February 11 -
The BofA CEO’s $26.5 million salary was about the same as in 2018; investors hoping for quick riches still fall for cryptocurrency-based Ponzi schemes.
February 10 -
From taboos to cost concerns, some say the industry hasn’t moved quickly enough to tackle a key risk area.
February 10 -
Want a winning team at your bank? Take some tips from LSU’s head coach Ed Orgeron on empowering leaders.
February 7 -
Credit Union Journal's popular annual program is back on the heels of its biggest year yet.
February 7 -
A new religion swept Wall Street after the 2008 crisis: Pay executives with stock, make them wait to collect it, and there will be fewer problems. Now a generation of executives retiring from Wells Fargo is experiencing what can happen to those payouts when new scandals arise.
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