WASHINGTON - (06/13/05) -- Area credit unions are takingadvantage of the area's high-flying major league baseball teamswith a radio ad campaign that hits the air Monday capitalizing on abaseball theme. Radio ads emphasizing the difference between creditunions and banks are scheduled to begin airing in the Baltimore andWashington, D.C. featuring low-key conversations at a baseball gameabout the high-cost of traditional banking and the great serviceoffered by credit unions. The ads feature a diverse group of menand women and focus on the differences between credit unions andbanks. The ads will hit the local airwaves just as the WashingtonNationals have ascended to first place in the National LeagueEastern Division and the Baltimore Orioles fight to stay on top inthe American League East. The ads were financed by the Maryland CULeague's Co-Operative Ad Campaign and were tested in the ruraltowns of Cumberland and Salisbury last week.
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The president and his allies have stepped up their verbal attacks on the Federal Reserve and its chairman in recent weeks, and while the tough talk has not changed policy, it has sent a clear message to the financial sector.
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Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
July 2 -
The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
July 2 -
The credit union regulator, responding to a recent executive order, has established strict new standards for prosecuting financial crimes. Regulators are now supposed to make criminal referrals only in cases where putative defendants appear to have known they were breaking the law.
July 2 -
Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
July 2 -
Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
July 2