SALEM, Ore. - (07/21/05) -- The Marion and Polk Schools CU hasdeveloped a new checking account that will benefit the area'snon-profit charities. The 'Community Interest' account will allowthe credit union member to choose to send interest earned on theaccount to one of a number of area groups. The groups includeHabitat for Humanity, the Boys and Girls Club of Salem, Salem YWCA,and the Monmouth/Independence YMCA. The credit union will convertinterest/dividends at the end of each quarter into a cash donationto the groups. The credit union, known as MaPS, has used a similarpromotion on its Visa cards to donate more than $130,000 to areaschools over the past two years.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





