TALLAHASSEE, Fla. - (06/22/05) -- Credit Union 24 said it paid itsnetwork-participating credit unions almost $6 million in dividendsand rewards for 2004, based upon shareholder activity and thenetwork's financial performance. CU 24 said the more than $5.8million disbursement covers both a $2.3 million Patronage Dividendand more than $3.5 million earned by credit unions through thenetwork's Platinum POS Rewards program. Patronage Dividends arepaid to all shareholders. Platinum POS Rewards is a tiered rewardsprogram that pays credit unions cash monthly, based upon theiroverall transaction volume with the network.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
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Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
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The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
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Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
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Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
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The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
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