DES MOINES, Iowa - (08/23/05) Representatives from the Iowa CreditUnion Foundation and the Iowa league are offering guidance toformer Iowa Army Ammunition Plant (IAAP) employees who will soonreceive money because they developed cancer. The league andfoundation were among several state and private agencies invited bySen. Tom Harkin (D-Iowa) to offer information about consumerprotection and finances. Also on hand were representatives of theIowa securities bureau, the Iowa attorney general's office, IowaState University Extension, and the Iowa Bar Association. TheDepartment of Energy and Atomic Energy Commission built nuclearweapons components at the 19,000-acre IAAP in Burlington, Iowa,during the Cold War. Congress and the Department of Health andHuman Services recently approved automatic $150,000 payments toworkers.
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The bank is launching KeyVAM, a virtual account management offering it designed with fintech Qolo. Both companies said the nature of the relationship was as important as the technology it produced.
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The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27