PLYMOUTH, Mich. - (03/24/05) -- Community Financial CU said itopened its 21st student-run branch last month in Hillsdale MiddleSchool in Northville. The $320 million credit union has adopted theeducation field as its main cause. The credit union has dedicatedthree full-time employees to monitoring and maintaining itsfar-fledged efforts to cultivate financial education among thearea's youths and also conducts in-school seminars and financialeducation classes, runs youth clubs for pre-teens and teenagers,awards annual scholarships, and provides funding for localeducation programs. Community Financial CU was founded in 1952 asDaisy Air Rifle Employees FCU to serve manufacturers of thenation's BB guns and converted to a community charter in1961.
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The ICBA opposed Coinbase's filing for a trust charter in a public letter as Comptroller Jonathan Gould defended the fintech charter process on Tuesday.
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After more than a quarter-century as a regulator, Jason Sisack had planned to enjoy some time off before taking a new job. He reversed course once Carver, which is operating under an enforcement action, approached him.
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Comptroller of the Currency Jonathan Gould said Tuesday that chartering compliant fintechs is "the only way" to level the playing field between banks and nonbanks. His comments come as the Office of the Comptroller of the Currency weighs new trust charters and stablecoin rules.
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With the U.K. and U.S. giving a green light to the company's $22.7 billion scale-building deal to buy Worldpay, Global Payments has begun its integration strategy.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said she wants banks to be competitive in the digital assets space, provided those operations are siloed from the traditional finance side of the business.
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Susan Riel, who helped found Eagle Bancorp nearly three decades ago, will step down as CEO in 2026. The bank is embarking on a search for her successor.
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