WASHINGTON - (12/24/04) -- All over the country credit unionsare again making the Christmas season a time for people giving topeople. Lockheed Georgia Employees' FCU raised $39,000 localcharities through its Operation Donation; American Heritage FCU inPhiladelphia raised $11,000 for its Adopt-A-Family Programsupporting families in need; Unitus Community CU in Portland, Ore.,collected 2,500 items and contributed $3,300 to SnowCap, a countycharity for underprivileged families; Alabama CU in Tuscaloosacollected 410 toys, games, clothes and books for the TuscaloosaChildren's Center to be distributed on Christmas; People's CU inMiddletown, R.I., sponsored holiday presents for children andadolescents from the group home program of Child & FamilyServices; and employees of the New York CU League delivered morethan $1,000 in merchandise and a check for $1,385 to St.Catherine's Center for Children. In Vacaville, Calif., Travis CUdonated toys for 230 children in its Christmas Wish Program;People's CU in Middletown, R.I., sponsored holiday presents forchildren and adolescents from the group home program of Child &Family Services; and in Lexington, Ky., more than 200 presents werewrapped and donated to the HOPE Center for the homeless by MembersHeritage FCU.
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Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
10h ago -
The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
11h ago -
The credit union regulator, responding to a recent executive order, has established strict new standards for prosecuting financial crimes. Regulators are now supposed to make criminal referrals only in cases where putative defendants appear to have known they were breaking the law.
July 2 -
Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
July 2 -
Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
July 2 -
A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
July 2