Kum & Go to stop accepting checks in Iowa stores
Kum & Go will stop accepting personal checks at locations in Cedar Rapids Iowa City and Marion beginning July 1 The West Des Moines chain cites slower service and higher store complexity as reasons while noting a small but valued share of customers will be affected Casey's plans no change Road Ranger Kwik Trip still accept checks in their markets
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Kickbacks alleged common at Fannie Mae
Investigators probe claims by former Fannie Mae foreclosure specialists that kickbacks were a normal business practice at the government sponsored lender. A former Irvine foreclose specialist says she was fired in 2011 for trying to expose the practice as suit in Orange County concerns the case. Fannie Mae remains the largest buyer of home loans and mortgage guarantor.
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Iowa banks see 11 percent profit drop in Q1 2013
Iowa aggregate bank profits slid 11 percent to 196 million in the first quarter from 220 million a year earlier. FDIC data show national banks earned 40.3 billion, up from 34.8 billion. Net interest margins fell to 3.23 percent from 3.47 percent.
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