ROSEBURG, Ore. - (12/22/04) -- Area motorcyclists collected morethan 900 toys to be distributed to needy area kids for Christmasduring Cascade Community FCU's ninth annual 'Rudolph Run' lastweekend. The annual toy drive included 127 bikers who made roundsto eight collection sites in Douglas County. The annual toy drivewas marked by a promise--since fullfilled--by Kenny Thomas, discjockey with local radio station COOL FM, to shave his head if morethan 100 bikers participated. The toys will be distributed throughcase workers and foster families throughout the county.
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The volume of home equity lines of credit expanded for the 14th consecutive quarter, driven largely by fintechs and other nonbanks that are accounting for more and more of the business.
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The payment and commerce company's stock fell as much as 12% in afterhours trading on Thursday after the fintech missed Wall Street's earnings estimates, despite posting growth in all lines of business and increasing its full year guidance.
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Federal Reserve Gov. Christopher Waller said there was a popular "misunderstanding" Thursday regarding who can qualify for a "skinny" master account, noting that only firms with a bank charter would qualify for approval.
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The digital neobank is expecting spending to stay strong through current economic conditions, and a new credit card is projected to bring in increased revenue.
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Analysts say the fintech must "grow like a fintech, but be profitable like a bank" as its capital base shrinks to its lowest level to date.
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Comptroller of the Currency Jonathan Gould said Thursday that a proposal to reimagine bank supervisory practices is meant to empower rather than handcuff supervisors by limiting the scope of their examinations.
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