SACRAMENTO, Calif. - (07/15/05) -- The state Senate approved a billMonday that will allow the state's 210 state chartered creditunions to offer their members tax-deductible Health SavingsAccounts, sending the measure on to Gov. Schwarzenegger, who isexpected to sign it into law. Federal credit unions are alreadyoffering HSAs, which allow individuals to set aside tax-deductiblefunds to pay for medical expenses. Amounts used for approvedmedical expenses are not taxable. The California bill is scheduledto take effect January 1, 2005.
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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.
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The state's comptroller of public accounts is one of several notable non-depositories with access to the Fed's payments system, along with the Chicago Mercantile Exchange and the Tennessee Valley Authority. So why do they have accounts while some neobanks don't?
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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