GLENDORA, Calif. – In one of the first deals of its kind, officials with the United Pentecostal Church said they have signed a deal with America’s Christian CU making the $225 million credit union the Church’s preferred financial provider for the whole denomination. The officials said the credit union technologies and services from remote locations and automated processes will make managing finances easy for churches of all sizes. America’s Christian CU has been serving people and ministries since 1958.
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The federal banking agency has conditionally approved Mission Lane's request for a limited-purpose credit card bank charter.
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The Federal Reserve and Federal Deposit Insurance Corp. said they have doubts about the feasibility of American Express' resolution plan, yet issued no formal deficiencies with theirs or any of the other 14 other large banks' resolution plans reviewed.
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Home value fell in real terms, as inflation ran 1.5 percentage points above price growth, down slightly from 3.5% in June, according to the Case-Shiller index.
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The Federal Reserve voted 6-1 to finalize its proposed stress test reforms, including seeking input on stress test scenarios and models annually and averaging results over two years.
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After Congress passed a bill speeding up its demise, the penny will be more curiosity than currency.
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The Federal Reserve's preferred measure of inflation came in lower for August than it had in earlier months, but a recent methodology change raises questions about the strength of the signal.
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