TALLAHASSEE, Fla. - (09/02/04) -- The Florida CU Foundation hasreceived $76,211 in pledges to its fund to assist victims ofHurricane Charley. It has used the funding to underwrite 44 grantsof $500 each, and has another 31 grant applications still in thepipeline. The Foundation said it is now entering into "phase two"of the process, in which it will ask applicants for more details ontheir requests for help. At the same time, it is gearing up topossibly help should Hurricane Frances strike Florida thisweekend.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
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Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
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The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
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Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
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Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
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The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
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