Senate Banking panel eyes 'too big to fail'
July 28, 2104 - NAFCU will monitor a Senate Banking subcommittee hearing on a Government Accountability Office report on "too big to fail" banks Thursday and a House committee mark-up tomorrow of several bills.
Thu Jul 24, 2014
Loan spike lifts Financial Institutions in 2Q
The parent company of Five Star Bank reported a 2.7 percent increase in net income for the second quarter, in part because loans reached record-high levels by the end of June.
Wed Jul 23, 2014
Financial Institutions, Inc. Reports Second Quarter 2014 Net Income of $7.0 Million
"We grew loans, credit quality continued to improve, operating expenses were well managed and capital levels strengthened.
Mon Jul 21, 2014
(Release): Brown Statement on Fourth Anniversary of Wall Street Reform Legislation
But while banks are back to huge profits and executive bonuses, too many working Americans are either struggling to find work or haven't seen a raise in years - all while their monthly costs continue to rise.
Stricter loan provisions alone can t force building code implementation: BFIs
Banking and Financial Institutions have expressed their helplessness in helping the government enforce the National Building Code in the country citing poorly functioning local bodies.
Sun Jul 20, 2014
Broll hosts maiden CEO cocktail on retail development
Broll Ghana has organised a maiden Broll Ghana Limited Chief Executive Officer cocktail, for the business community to principally share information and knowledge about development of Retail facilities that are springing up in the country.
Sat Jul 19, 2014
The Town Talk
The Daily Advertiser: State needs to address payday loans
Now, we find out the agency that's supposed to enforce the sparse existing regulations on payday lending has been remiss.
Thu Jul 17, 2014
Capital Thinking: Financial Services
This week, the Senate is expected to consider a bill that would reauthorize the Terrorism Risk Insurance Act for seven years, while making few changes to the current program.
Charleston Business Journal
Myrtle Beach-based South Atlantic Bank looking to expand in Mount Pleasant
The Myrtle Beach-based bank filed applications with the Federal Deposit Insurance Corp. and the S.C. State Board of Financial Institutions earlier this month to open its fifth office at 1127 Queensborough Blvd. in Mount Pleasant.
Wed Jul 16, 2014
sends Royce language for RBC 'stop and study'
July 17, 2014 - NAFCU President and CEO Dan Berger yesterday sent Rep. Ed Royce, R-Calif., proposed legislative language that would require NCUA to review its risk-based capital proposal further and report back to Congress before finalizing it.
As Naylon deal nears, Five Star plans personnel changes
Five Star Bank is seeking state approval to relocate nine commercial lenders to the Amherst office of Scott Danahy Naylon Co.
Jersey Business Tendency Survey reflects boost in activity and future prospects for finance industry
The latest Jersey Business Tendency Survey , released 9 July, indicates that the finance industry is the strongest and most optimistic it has been in five years in terms of Business Activity, Future Employment prospects and Profitability.
Letchworth nature center campaign reaches $1M raised
A public-private partnership to build a $4.8 million nature center at Letchworth State Park is several steps closer to reality.
Tue Jul 15, 2014
Audit raises questions about payday lending
A legislative audit says state regulators let payday lenders slide on more than 8,000 "major violations," a lapse that had at least one lawmaker seeking a joint legislative investigation.
Warren hammers Wall Street in W.Va. campaign stop
Massachusetts Sen. Elizabeth Warren took her fiery populist message to West Virginia on Monday, where she campaigned for Democratic Senate candidate Natalie Tennant.
Annual meetings of the General Council for Islamic Banks and Financial Institutions
The General Council for Islamic Banks and Financial Institutions , the global umbrella of Islamic financial institutions, held its annual meetings on 6th of July 2014 in the Hilton Hotel, Jeddah, Saudi Arabia.
Subcommittees to Review Justice Department's 'Operation Choke Point', ...
" and to discuss proposals that reduce the excessive federal regulatory burden. On Thursday, a third subcommittee will hold a hearing on matters related to court judgments against the Colombian terror group FARC for actions taken against Americans in 2003.
Mon Jul 14, 2014
witness Clendaniel testifies today on reg relief for CUs
July 15, 2014 - NAFCU witness David Clendaniel, president and CEO of Dover Federal Credit Union in Dover, Del., will let lawmakers know "enough is enough" when he testifies today on the impact of overregulation on credit unions before a House subcommittee.
State auditor says lax payday lending oversight putting consumers at risk
After several measures to cap short-term loans in Louisiana and limiting the amount of payday loan facilities in the state failed during the legislative session, opponents are asking for regulation at the federal level.
Audit finds lack of oversight of payday lenders
A scathing audit released this morning by the State Legislative Auditor's Office found major compliance problems with the state agency charged with making sure banks and lenders follow the law.