TALLAHASSEE, Fla. - (07/12/05) --Credit unions along the Gulf Coast ofFlorida and Louisiana and portions inland are still assessing thedamage from Hurricane Dennis, which followed by just 10 monthsnearly the same path as Hurricane Ivan. Alicia Blanda of theLouisiana league and Adena Whitman of the Alabama CU Leaguereported that credit unions in those two states were reporting nodamage. In Florida, there were reports of power outages but nosignificant damage. Escambia County Employees CU reported minorflooding, while Pen Air FCU in Pensacola was open Monday with threerunning ATMs and some storm damage to branch offices.
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A White House executive order issued Friday afternoon directing regulators to ease Dodd-Frank compliance burdens comes as a bipartisan housing bill advances on Capitol Hill.
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The bank and fintech entered an agreement to expand open banking ahead of the CFPB's new 1033 rule and announced joint fraud-combatting product improvements.
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A federal judge wrote in an opinion that a "mountain of evidence" suggests the subpoenas were an effort to push Federal Reserve Chair Jerome Powell to lower interest rates or resign.
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Investors claim JPMorganChase collected fees while ignoring suspicious transfers linked to a $328 million crypto Ponzi scheme.
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Federal bank enforcement actions have dropped sharply since the start of the second Trump administration, but experts' views vary about whether less enforcement will result in a buildup of risk in the financial system.
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Billy Beale, who was hired to clean up Virginia-based Blue Ridge Bankshares after its failed foray with fintechs, has left the $2.4 billion-asset company. His successor is Harry Golliday, who was named interim CEO.
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