HARRISBURG, Penn.–Credit unions in this state have agreed to participate in “Get Help Now,” a volunteer initiative launched by Gov. Edward Rendell designed to provide financial and legal help to many Pennsylvanians who still face difficult situations while the economic recovery takes hold.In a statewide webcast, Governor Rendell announced he has enlisted attorneys, banking and mortgage professionals, and financial analysts who are knowledgeable in the area of finance, credit, and/or bankruptcy to serve on help desks in many of the county bar association offices, the Pennsylvania CU Association reported.Representing credit unions, there were 28 in attendance from the Pennsylvania Credit Union Association and 15 credit unions, including Cross Valley FCU, People's Choice FCU, Berks Community FCU, CTCE FCU, Lancaster Postal Employees FCU, Members 1st FCU, Pennsylvania State Employees Credit Union, Belco Community Credit Union, Main Line Health Employees FCU, HealthCare First Credit Union, Erie FCU, Erie General Electric FCU, TruMark Financial Credit Union, Sb1 FCU, and riverset credit union.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
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House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
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The global payments platform, which recently expanded to the U.S., also plans to build new autonomous finance and agentic commerce products.
June 26 -
A new lawsuit seeking class-action status alleges that FirstBank Puerto Rico knowingly facilitated Jeffrey Epstein's sex trafficking operation by failing to enforce basic anti-money-laundering and know-your-customer rules.
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Pinnacle Financial Partners' headquarters is moving to a new 25-story office tower in Midtown Atlanta; New Jersey-based Provident Bank appoints Adriano Duarte to succeed Thomas Lyons as chief financial officer; Binance will shut down services for customers in France, Italy, Spain and Poland after the exchange withdrew its MiCA licence application in Greece; and more in this week's banking news roundup.
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The bank is part of a trend of financial institutions trying to streamline a complicated industry that paper has dominated for years.
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