SEATTLE - (05/24/06) -- Boeing Employees CU will hand theball over to Carlo Magno for the credit union memberscross-country jaunt to raise $1 million for Multiple Sclerosisresearch during the June 5th BECU Family Night at major leaguebaseballs Safeco Park. The $6 billion credit union invitedMagno, a BECU member and paraplegic sufferer of MS, to throw outthe first pitch at next Thursdays game between the SeattleMariners and the Kansas City Royals before he embarks on atranscontinental journey to New York by electric wheelchair tobenefit MS research. "This gives Carlos greater exposure for hisfund-raising effort and to help him towards his goal," said TomBerquist, chief spokesman for the credit union giant. Magno willmake a 4,300-mile trip across the northern U.S. in a 1955 AutoetteCruisabout electric wheelchair that has been certified for highwaytravel. Along the way, Magno, a well-known handicapped-accessadvocate, will visit places known for their handicappedaccessibility and bring home ideas to incorporate in localcommunities, according to Dana Blozis, a spokesman for The Spiritof Hope Foundation, the charitable organization headed by Magno.Carlos has been planning this trip for a couple of yearsand, for a variety of reasons, its been postponed forseveral tries, Blozis told The Credit Union Journal.BECU pulled together their connections and their resourcesand helped make it possible.
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Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
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Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
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In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
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Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
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The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.
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Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
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