Members of the Credit Union Executives Society helped raise $30,550 for the Special Operations Warrior Foundation, Tampa, Fla., a nonprofit organization providing support to children of fallen military heroes. The contribution was presented to the foundation's CEO John T. Carney, Jr., Col., USAF (Ret.), and former Commander, 720th Special Tactics Group, at the closing session of CEO Network 2005, CUES' annual members-only event held this year in Las Vegas. The top contribution came from Creditor Resources, Inc., Atlanta, which donated $10,000 to the organization. The Special Operations Warrior Foundation was established in 1980 and is dedicated to providing college scholarships, grants and educational counseling to children of Special Operations personnel who are killed in either training accidents or operational missions. Today the Warrior Foundation has 540 children in its program and 92 students enrolled in colleges and universities across the country.
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The Office of the Attorney General in New York says the bank violated the state's Exempt Income Protection Act, illegally transferring customers' money to debt collectors.
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The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
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The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
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U.S. customers who have previously used Sweden-based Klarna's buy now/pay later financing — and paid off their loans in full — will be prequalified for interest-bearing loans through a new version of the Klarna Visa card rolling out later this year.
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