DUBUQUE, Iowa - (10/27/04) --Dupaco Community CU said it is payingout $3 million in Christmas Club deposits to some 3,300 members whohave been saving up for the holidays. "As we approach the holidayseason, we want local retailers to be aware that this large sum ofmoney, which has been saved mainly for the purpose of holidaygift-giving, is being made available," said Bob Hoefer, presidentof the credit union. "We hope they will then act to attract thespending of these funds in the tri-state area for the benefit ofthe local economy."
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At least nine Dallas-area institutions have agreed to sell themselves since late 2024, with the Oklahoma City-based MidFirst Bank's deal for Dallas Capital marking the latest transaction.
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As the capital rule's comment period closes, some experts express concern about proposed changes that may impact nonbanks reliant on warehouse financing.
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Guidance documents from the Consumer Financial Protection Bureau and Treasury's Financial Crimes Enforcement Network heightening bank scrutiny of individual tax identification numbers in mortgage applications could discourage banks from issuing those kinds of loans.
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The newly minted Fed chairman announced working groups for his five top policy priorities and strictly refrained from forward guidance in his debut press conference Wednesday afternoon.
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The Cincinnati bank has launched a navigational aid to help customers get to what they need in fewer steps.
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The state would join New York in governing the up-and-coming credit product. Industry and consumer advocacy groups say there's still room for improvement.
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