Fresh Today

Fresh Today

WASHINGTON—Passing into law the SAFE Banking Act (H.R. 1595), which would institute a safe harbor for financial institutions serving legal marijuana businesses, would increase insured deposits at credit unions by about $200 million by 2022 and $350 million by 2029, according to the Congressional Budget Office (CBO).

WASHINGTON–Commercial banks and savings institutions insured by the FDIC reported aggregate net income of $60.7 billion in first quarter of 2019, up $4.9 billion or 8.7% from one year earlier. 

HAUPPAUGE, N.Y.–The $7.3-billion Teachers FCU here has selected a candidate from the opposite coast as its new CEO. TFCU has selected Brad Calhoun to lead the organization and succeed Robert G. Allen, who is retiring.

COSTA MESA, Calif.—New data reveal the appeal of auto leasing continues to decline even as the same report also shows, as expected, the total dollars spent on leasing is rising, as car prices climb.