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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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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