LAKELAND, Fla. - (10/13/05) -- Community First CU said it isfunding a club in the local high school that has one mainmembership requirement: to submit to random drug testing. Thecredit union said it donated $12,000 to the Polk County SchoolDistrict to be sued to start the Voluntary Student Drug Testingprogram, similar to clubs in schools in Wisconsin and Louisiana.Club members would be tested by a nurse on a biweekly basis forrecreational drug use, and would be eligible for prizes like giftcertificates. Student athletes in the district already are testedfor drugs, but some parents and teachers in the district wanted thetesting program to be broader. Students who test positive would besuspended from the club and receive counseling, and their parentswill be informed of the test results.
-
Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
1h ago -
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
3h ago -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
6h ago -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
7h ago -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
8h ago -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
9h ago