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Iowa credit union proposes buying Illinois, Nebraska banks

Dive Brief:
North Liberty, Iowa-based GreenState Credit Union is buying two banks Oak Brook, Illinois-based Oxford Bank & Trust and Omaha-based Premier Bank, the credit union announced Tuesday.
The deals, each expected to close by the fourth quarter of 2021 pending regulatory approval mark the third and fourth banks to be bought by a credit union this year.
Credit union purchases of banks typically draw objections from trade groups such as the Independent Community Bankers of America (ICBA), which argues credit unions’ tax-exempt status allows them to offer a higher purchase price for acquisitions than banks can, and lets them grow more freely. ....

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A Campaign to Opt-Out - Credit Slips

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posted by Chris Odinet
Following-up on my prior post, let’s talk more about what’s at stake in this little legislative kerfuffle in the Hawkeye state, as well as how consumer advocates should seize on this moment in a different way.
First, repealing this 521 provision in Iowa law is really all about whether states should have, to a large degree, the ability to control the interest rates charged on products and services that are offered to consumers by nonbank firms.
Many readers of this blog may already know this history backwards and forwards – but for those who don’t, here’s the backstory. In ....

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Callahan Financial Planning Joining TS Prosperity Group

Callahan Financial Planning Joining TS Prosperity Group
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OMAHA, Neb., April 21, 2021 /PRNewswire/ Callahan Financial Planning, an independent, fee-only fiduciary financial advisory firm, has announced it will be merging its operations with TS Prosperity Group. This partnership will double the size of the combined businesses to an estimated $450 million in assets under management, and help the firms provide trustee services, enhanced tax planning, and improved technology to clients.
Both organizations share the highest level of client care and integrity in financial services as fiduciaries. This form of relationship ensures conflicts of interest are mitigated and recommendations are always in the best interests of clients. ....

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Callahan Financial Planning Joining TS Prosperity Group

Callahan Financial Planning Joining TS Prosperity Group
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