HUNTSVILLE, Ala. - (09/02/05) --Credit unions across the country havequickly responded to Hurricane Katrina with local fundraisingefforts. The four branches of Redstone FCU here, for instance, istaking donations for the American Red Cross. In Philadelphia,American Heritage FCU announced it is accepting cash, coins,deposits, CU MasterCards and transfers to aid Hurricane Katrinarelief, and will match all donations. In Pensacola, Florida, theaptly named Gulf Winds FCU is accepting nonperishable food,mosquito repellent, baby formula, baby food, diapers, antibacterialwipes and liquid, paper products, cleaning supplies and cashdonations for the Red Cross. Others accepting donations includeLangley FCU, Tampa Bay FCU, Security Service FCU, Rock Valley FeCU,Wright-Patt CU and Towpath CU.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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