GULFPORT Miss. - (02/15/06) -- More than 340 credit union employeesand volunteers around the state still recovering from HurricaneKatrina got a special Valentine Tuesday-- a rose and a $200 check.An accompanying card reminded the recipients 'You are part ofsomething much bigger than you may ever know.' The Valentine's Daygesture was courtesy of Southeast Corporate FCU and the MississippiCU League as a means of extending hope and caring and a reminderthat the credit union community has not forgotten the workers, manyof whom still repairing their homes or living in temporaryquarters. The staff and volunteers had been identified through agrant process for victims of the massive storm.
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The president and his allies have stepped up their verbal attacks on the Federal Reserve and its chairman in recent weeks, and while the tough talk has not changed policy, it has sent a clear message to the financial sector.
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Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
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The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
July 2 -
The credit union regulator, responding to a recent executive order, has established strict new standards for prosecuting financial crimes. Regulators are now supposed to make criminal referrals only in cases where putative defendants appear to have known they were breaking the law.
July 2 -
Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
July 2 -
Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
July 2