TORONTO - (07/14/06) The National Federation ofCDCUs is expected to announce an initiative in the next few days incooperation with the National CU Foundation to place DevelopmentEducators in CDCUs on a short-term basis. Cliff Rosenthal,executive director of the Federation, told The Credit Union Journalthe project will provide much-needed help for CDCUs in areas ofexpertise for the Educators group, such as finance, accounting andoperations. There are more than 600 active Development Educators, aprogram conducted by CUNA that gives participants a comprehensiveinitiation in credit union history, philosophy andoperations.
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Groups representing community banks and credit unions argue that the Department of Agriculture used a faulty process when it removed 10 lenders from its OneRD loan guarantee program
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The Kansas City bank plans to purchase St. Louis-based Nolan & Associates, adding to its investment banking advisory capabilities.
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Wise grew its net revenue 19% year over year to $2.5 billion in its fiscal 2026, aided by increased deposits, cross-border volume and spending on the Wise card. It's the latest sign that interest in cross-border payments and multicurrency accounts is heating up.
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X Money includes rudimentary functions like deposits and P2P transfers. But it's also laying groundwork for a potential move into agentic commerce and broader financial services — which analysts say is necessary for the app to thrive in a crowded market.
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Taktile's backers now include Goldman, Tiger Global and Index Ventures, lifting its total raised to $184 million since 2020.
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The Bank of International Settlements compared the recent AI investment frenzy to the canal mania of the 1830s, the British railway craze of the 1840s and the dot-com boom of the late 90s.
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