LAS VEGAS - (11/18/04) -- Members of the California and Nevadacredit union leagues overwhelmingly approved a $6 millionadvertising and marketing campaign Wednesday, the most ambitiouspublic advocacy campaign ever planned by credit unions. Theprogram, set to launch in January, includes comprehensive radio adsthrough the two states, as well as print ads in selected markets,and targeted activities aimed at building support for credit unionsamong the public and policy makers in both states. The campaignwill focus on the differences between credit unions and banks, thedirect benefits provide their members and their communities, andthe indirect benefits credit unions provide to the financialmarketplace and how those benefits would disappear if banks weresuccessful in their efforts to get credit unions taxed.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
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Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
February 9 -
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
February 9 -
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
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Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
February 9 -
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
February 9





