BETHESDA, Md.—The Federal Reserve has fined EagleBank here $9.5 million for violation of the insider lending regulations, while the SEC has also announced fines for the bank and its former CEO.
Fresh Today
SAN FRANCISCO—The buy now, pay later (BNPL) market has yet another player—sort of.
NEW YORK—Apple Bank has announced that Ukrainian nationals who have recently arrived in the New York City area are now eligible to open an account with the bank by visiting any of its 82 branch locations.
WASHINGTON—The U.S. Congress Joint Economic Committee (JEC) has released a new report that finds nearly one in five U.S. adults are either unbanked or underbanked, and of the roughly 20% who lack access to a bank account or rely on alternative financial services, a disproportionate share are lower-income earners or people of color.
WASHINGTON — President Biden has announced a new round of federal student loan debt relief, saying he is cancelling $10,000 in debt for those earning less than $125,000 per year and $20,000 for those who had received Pell grants for low-income students.
BERKELEY, Calif.–Mortgage market analysts don’t expect a bubble to burst similar to what happened during the crisis of more than a decade ago, but many are forecasting a string of mortgage companies to file for bankruptcy in the months and year ahead.
MADISON, Wis. – The Lab at Filene is reporting it is taking the “next step in innovation” by testing new products and ideas to help credit unions “grow and make a positive impact on their members and communities.”
ST. PETE BEACH, Fla.–The African American Credit Union Coalition offered updates on its many programs as well as the programs that are to come during its annual meeting here.
ABERDEEN, S.D.–Area Federal Credit Union has named a new president and CEO.
BANNOCKBURN, Ill.–Great Lakes Credit Union (GLCU) said its members can now open an investment account with as little as $200, and “typically in minutes,” directly through its online and mobile banking platforms following the launch of a new offering.