NEW YORK - (08/31/04) CUNA plans to dispense as manyas 15,000 free child identification and fingerprint kits duringthis weeks Republican National Convention as part of itsparticipation in the National Child Identification Program.We want to make sure that every child in America ofkindergarten age will have been fingerprinted and will have theability to be tracked and found, said CUNA President DanMica, during a reception at Montauk CU, marking the program. EdSmart, whose daughter Elizabeth Smart was found after a year-longabduction, said credit unions were a natural participant in thenationwide program because of their commitment to people.Ive been a member of a credit union since I was18, said Smart. The thing I know about a credit unionis I was always a person to them; I wasnt just anumber. Rep. Vito Fossella, R-N.Y., a father of three youngchildren, expressed his appreciation to both CUNA and the New Yorkcredit unions that are handing out the child I.D. kits.
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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
March 27 -
Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
March 27 -
The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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