CHICAGO - (01/28/05) -- Credit unions received more than $1million in affordable housing grants under the new round of fundingannounced by the Federal Home Loan Bank of Chicago Thursday. Thefunding will help Royal CU, Eau Claire, Wis., renovate Ruth's Houseand Rehab Center, transitional housing for the homeless, for HopeGospel Mission in Eau Claire; and will allow First American CU,Beloit, Wis., to join four local banks in a project rehabilitatinga housing project and financing subsidized home improvement loansfor low- and moderate-income people, and a separate projectdeveloping a homeowners assistance program to help providedownpayments and closing assistance. The Chicago bank announced$15.7 million in grants for 52 affordable housing projects inIllinois and Wisconsin.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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