WASHINGTON - (01/26/05) -- Signaling a new resolve in theSenate, Sen. Charles Grassley of Iowa was expected to introduce anew version of the credit union-backed bankruptcy reform bill thisweek that looks very much like the version that has failed to reachfinal passage in each of the past four congresses. "This is a veryencouraging sign that the Senate is getting out in front of thebill so soon in the 108th Congress" said CUNA lobbyist Gary Kohn,referring to the impediment thrown up in the Senate the last twocongresses by a provision barring abortion clinic protestors fromdischarging their assets under bankruptcy laws. That provisionattached, to the bill after it passed both the House and Senate ineach of the last two congresses, succeeded in preventing a finalvote on the bill because it raised the ire of the powerfulanti-abortion lobby. The new bill is almost identical to theprevious bills, except for the absence of the abortion amendment,and would require a means-test for chapter 7 filers, mandatoryfinancial education for bankruptcy filers, and retain creditunions' ability to enter into reaffirmation, or voluntaryrepayment, agreements with bankruptcy files--the three major creditunion priorities.
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To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.
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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.
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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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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.
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Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
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