WESTBROOK, Maine - (12/29/05) Clarke American has made a $9,000contribution to the Maine CUs' Campaign for Ending Hunger. Thecontribution marked the second year of raising funds through theClarke American Charitable Contribution Scenic Check Program,through which the company donates 50 cents to the Campaign forevery check order. In addition to raising funds for ending hunger,the Program also contributed nearly $1,500 to Maine SpecialOlympics. In two years, the Clarke American Charitable Scenic CheckProgram has contributed more than $20,000 to Maine credit unioncharitable causes, including $18,000 to the Maine CUs' Campaign forEnding Hunger. Since 1990, the Maine Credit Unions Campaignfor Ending Hunger has raised more than $1.75 million to help endhunger in Maine.
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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
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St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
September 17 -
The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
September 17