UT Federal Credit Union is headed back to where it first opened its doors 40 years ago-on campus at the University of Tennessee, Knoxville.
UTFCU has announced plans to open a new branch on campus in the Carolyn P. Brown Memorial University Center. The new full-service facility will offer members checking, savings, loans and check-cashing services.
The UTFCU branch will be the only financial institution on campus.
SEC Tracks Market Risks
The SEC has created a new division to help identify risks and trends in the financial markets.
The SEC's division of risk, strategy, and financial innovation will perform strategic and long-term analysis, identify new developments and trends in financial markets and systemic risk, and make recommendations as to how these new developments and trends affect the commission's regulatory activities.
The division will also conduct research and analysis to support the functions of the SEC and its divisions and offices and to provide training on new developments and trends and other matters.
The SEC has hired University of Texas School of Law Professor Henry T. C. Hu as director of the new department. According to the SEC, Hu has expertise in the areas of bank, derivatives, hedge fund and mutual fund regulation, corporate governance, global competitiveness of U.S. derivatives markets, model risk, risk management, swaps and other financial innovations.