As part of the community service project required during their second year, 88 students at CUNA Management School's class of 2005 were bussed up to Marshall, Wis., to paint the homes of three elderly and disabled individuals as part of Project Home's Dane County Paint-A-Thon. After they arrived, they discovered that one of the homeowners was not only in need of an exterior paint job, but she also desperately needed new siding to replace an extremely weathered-and in some places rotting-exterior. Knowing the homeowner was on a fixed income and would not be able to afford the new siding for years, the students started a pledge drive amongst themselves and, by day's end, had collected more than $4,000 in pledges to pay for the new siding.
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In three separate appearances Thursday, Fed Gov. Lisa Cook, Gov. Michael Barr and Vice Chair Philip Jefferson said they are worried that U.S. involvement in the war with Iran could drive up inflation, leading them to conclude that interest rates should remain steady in the near term.
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Federal Reserve Gov. Stephen Miran on Thursday detailed a plan to reduce the central bank's balance sheet, saying a smaller footprint would reinforce policy boundaries but could also bring more market volatility.
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The Canadian bank laid out its rationale Thursday for opening new branches in California. The objective is to increase density in the Golden State, and subsequently achieve greater market share and higher returns.
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The legislation would grant the Consumer Financial Protection Bureau, among other agencies, more oversight of airline-branded credit cards and rewards schemes.
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PayPal, Stripe, Visa and Mastercard must be vigilant against offboarding clients for political or religious reasons, the Federal Trade Commission warned Thursday.
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Financial security teams must treat AI like a junior analyst, requiring humans to own decisions and approve any responsive actions to threats.
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