ALBANY, N.Y. - (03/27/06) Disabled individuals, thehomeless and disadvantaged children will receive free financialliteracy training under an innovative new program launched hereFriday by State Employees CU. The program, geared towardsdisadvantaged residents, will provide lessons in householdbudgeting, understanding credit reports, repaying debts, holding achecking account, payday loans, homeownership options, and othercritical financial skills. SEFCU has partnered with the New YorkState Office of Temporary and Disability Assistance and the AlbanyDepartment of Social Services to deliver the program, which isscheduled to start April 7. The program is specifically targetingchildren aging out of foster care, people evicted from their homes,Medicaid and Food Stamp recipients, grandparents caring for theirgrandchildren, and others lacking in basic bankingskills.
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The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
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The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
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The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.
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