BROOKFIELD, Wis. - (09/22/04) -- Fiserv said it granted $50,000 incollege scholarships to 34 students, including several sponsored bycredit unions, as part of the company's first ACCEL/ExchangeNetwork and its Education Exchange college grant program. Theawards included 30 of $1,000 and four of $5,000, which went tostudents sponsored by Kennedy Space Center FCU, Buffalo PostalCommunity CU, Northwest Resource FCU and Leominster CU. Thestudents, all high school seniors, were chosen based on grades,volunteerism, character and leadership, essay responses andfinancial need.
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
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The service is an alternative to an IPO or a special-purpose vehicle, the bank says.
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The company's forthcoming stablecoin, PAYO-USD, is designed to spur increased transaction volume revenue rather than interest income on reserves, a model championed by most stablecoin issuers.
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The Bank of England's new guidance changes restrictions following criticisms and concerns about U.S. dominance.
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Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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