FORT WORTH, TEXAS - (05/11/05) American Airlines CU said itand New Mount Zion Baptist Church CU, a small community developmentcredit union start-up, have won the contract to take over the ATMconcession at Dallas/Fort Worth Airport beginning in June 2005. Thecontract involves 21 ATMs spread across five different DFW AirportTerminals and other airport facilities, and will serve the morethan 20-million airline passengers who pass through the airporteach year. The five-year contract requires that 70% of surchargerevenues be paid to the airport. The $740,000, 3,000-member NewMount Zion Baptist Church CU primarily serves minorities and has a5% participation in the contract.
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The Department of Justice wants Federal Reserve Chair Jerome Powell to state if the central bank is profitable again and can, therefore, fund the Consumer Financial Protection Bureau.
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The Financial Services Forum, which represents the largest U.S. banks, formed a new 501(c)(4) advocacy group to amplify big banks' policy preferences, a move that could counter the crypto industry's growing political influence.
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New research from American Banker explores how bankers predict stablecoins, subprime credit, cyber security and other factors will shape the industry at large.
1h ago -
Federal Reserve Gov. Christopher Waller said monetary policy must remain insulated from political pressure, arguing that communication with the White House should be limited. Waller is slated to meet with President Trump Wednesday afternoon.
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Bank groups, crypto firms and regulators are divided over whether fiduciary digital-asset custody fits naturally within the national trust charter model — or whether, as critics argue, the agency is quietly reinventing the charter.
7h ago -
In a Senate Banking subcommittee hearing, lawmakers discussed a bill that would guarantee all legal industries and all individuals fair access to banking services.
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