WASHINGTON - (04/05/05) -- The Children's Miracle Networkbenefiting the nations children's hospitals won big from Sunday'sthird annual CU Cherry Blossom Run through 10 miles of the nation'sCapital, with $425,000 raised for credit union's pet charity. Morethan 10,000 runners, many of them prominent politicians orinfluential Capitol Hill staffers, coursed through the streets ofWashington, D.C., bearing the credit union logo. Credit unions havehelped raise more than $1 million for CMN during the three years ofsponsorship. "Everybody was pleased how it went this year. We hadgreat participation form area credit unions and credit unionvolunteers," Mark Wolff, chief spokesman for CUNA, told The CreditUnion Journal, of the dozens of volunteers helping out at the raceor participating in the weekend's other events, like the silentfundraising auction and banquet to start the festivities. Thisyear's winners, Kenyan John Korir, and Rumanian Nuta Olaru, eachtook home $6,000 prizes. The road race has raised more than $1million for CMN since credit unions took over sponsorship threeyears ago. Credit unions raised more than $7 million for CMN lastyear.
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Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
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Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
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In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
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Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
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The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.
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Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
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