MARLBOROUGH, Mass. - (06/27/05) -- Digital Federal Credit Union (DCU)raised more than $225,000 at its 6th Annual Charity GolfTournament. The funds are being donated to the Boomer EsiasonFoundation and were raised through participation of more than 125golfer and 22 Major Sponsors. Boomer Esiason, the veteranquarterback of 14 years with the Cincinnati Bengals, New York Jetsand Arizona Cardinals and who is now a football commentator onradio and television, was on hand at the tournament. Esiason's sonsuffers from cystic fibrosis and millions of dollars have beenraised for the cause by the Boomer Esiason Foundation.
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The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
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The Bureau of Labor Statistics issued its unemployment report for June, showing that the economy added 147,000 jobs. The report supports the Federal Reserve's patience to cut interest rates.
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The president and his allies have stepped up their verbal attacks on the Federal Reserve and its chairman in recent weeks, and while the tough talk has not changed policy, it has sent a clear message to the financial sector.
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Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
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The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
July 2