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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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27 -
A panel at CBA Live explored the contract provisions banks need to consider before embarking on new banking-as-a-service relationships and what catches their eyes in consent orders from banking regulators.
March 27 -
VersaBank in London, Ontario, agreed nearly two years ago to buy a small Minnesota bank. The buyer's CEO says he remains hopeful approval will come soon.
March 27