SYRACUSE, N.Y. - (03/16/06) Countryside FCU is offeringsuch a high rate on its 12-month CD its management might be accusedof madness. The credit union in this hotbed of college basketballis offering a special promotion called March Madness CertificateSpecial which will reward any member who picks the final four teamsin this months college basketball championship an extra 1%bonus on a 12-month certificate. The minimum APY of the CD is 4.90%and the minimum deposit is $2,000. To get the extra 1% you mustsubmit your choice of the final four teams, the final two teams andthe national champion by March 22th. You get a bump of 0.1% foreach correct team in the final four, 0.2% for each correct team inthe final two and 0.2% for the champion.
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A White House executive order issued Friday afternoon directing regulators to ease Dodd-Frank compliance burdens comes as a bipartisan housing bill advances on Capitol Hill.
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The bank and fintech entered an agreement to expand open banking ahead of the CFPB's new 1033 rule and announced joint fraud-combatting product improvements.
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A federal judge wrote in an opinion that a "mountain of evidence" suggests the subpoenas were an effort to push Federal Reserve Chair Jerome Powell to lower interest rates or resign.
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Investors claim JPMorganChase collected fees while ignoring suspicious transfers linked to a $328 million crypto Ponzi scheme.
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Federal bank enforcement actions have dropped sharply since the start of the second Trump administration, but experts' views vary about whether less enforcement will result in a buildup of risk in the financial system.
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Billy Beale, who was hired to clean up Virginia-based Blue Ridge Bankshares after its failed foray with fintechs, has left the $2.4 billion-asset company. His successor is Harry Golliday, who was named interim CEO.
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