It was George E.P. Box, the eminent statistician, who said, “Essentially, all models are wrong but some are useful.”
Papers to seize million-dollars suburban Cleveland home served on wife of fugitive former CEO Alex Spirikaitis.
An innovative housing finance company is poised to introduce a new approach to mortgage lending, just when mortgage finance reform has put the future of the 30-year fixed rate mortgage in doubt.
Vincas Urbaitis, a former board director of the now-shuttered Taupa Lithuanian Credit Union, said he has been doing a lot of thinking lately about how he and six board members were double-crossed by Alex R. Spirikaitis, their former CEO.
This preview from our Aug. 14 print edition looks at how board members of the failed credit union say they were misled by fugitive CEO.
The $1.2 billion Numerica Credit Union in Spokane, Wash., is now using an automated software program to help jump into commercial and industrial lending, an area of untapped potential for many credit unions, the credit union said.
Credit unions in Ohio, Texas and Wisconsin are hoping to create a buzz for their services after partnering with a social media marketing and rewards program called BuzzBanking.
Credit unions aim to create a buzz through social media marketing rewards program.
FDIC to probe bank payday loans in response to a petition signed by 250 consumer rights advocates critical of a Fiserv lending software program.