WASHINGTON - (03/27/06) A teenager who survived agroundbreaking double-lung and liver transplant, two young brotherswho overcame leukemia, and a 10-year-old who lived through aserious shotgun injury, all shared their survival stories at theWhite House during a visit last week with President Bush, courtesyof the CO-OP Network, on behalf of the credit union movement. Childsurvivors from all 50 states exchanged their heartbreaking storiesin the nations Capital during a series the ChildrensMiracle Networks Champions Across America. The purpose ofthe young ambassadors was to share the message that their lives arebetter because of the work of childrens hospitals. Themeeting with the President was one of a series of events organizedby the favorite credit union charity, which also included a a tripto Disney World for the production of the annual ChildrensMiracle Network Celebration. As a long-time supporter ofChildrens Miracle Network, CO-OP Network is excited to helpthese 50 courageous kids celebrate their triumph overadversity, stated Stan Hollen, president of the creditunion-owned network. The credit union community raised more than $8million last year for the nationwide charity, and has raised morethan $30 million to aid critically ill children and help buildpediatric medical facilities over the past eight years.
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Firms like Brex and Ramp are adding new tech faster than legacy banks, according to payment experts.
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The Office of Management and Budget issued reduction in force notices to Treasury staff working in the Community Development Financial Institution office Friday, saying that the layoffs are necessary to "implement the abolishment" of the fund.
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Former City National CEO Kelly Coffey has a new venture in wealth management; Erin Siegfried is Northwest Bancshares' new chief legal counsel and corporate secretary; Flagstar Bank secures OCC approval to merge its holding company into the bank; and more in this week's banking news roundup.
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The regional bank has launched a digital student banking center that's part of a broader strategy to focus on relationship-building.
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The Consumer Financial Protection Bureau has announced job openings for attorney-advisors to represent the agency in defensive and appellate litigation.
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An updated deposit insurance reform bill from Sens. Bill Hagerty, R-Tenn., and Angela Alsobrooks, D-Md., would raise deposit insurance for business accounts to $10 million, exclude the largest banks from coverage and insulate community banks from footing the bill.
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