NEW YORK - (09/03/04) -- A small group of about 16 lobbyistsdined with California Congressman Ed Royce Wednesday night atBeppe's Italian restaurant, in a tribute to the chief sponsor ofthe credit union regulatory relief bill, known as CURIA. CUNAlobbyist Gary Kohn, who attended the fete, told The Credit UnionJournal that Royce relayed his commitment to working for the bill'spassage in the next Congress. Kohn told Royce that several morelawmakers have pledged to CUNA to add their names to the 65sponsors already signed to CURIA, after this fall's elections.Later in the night, in a nationally televised incident Kohn andMontauk CU President Lou Jimenez got tangled in a vortex of SecretService agents removing a protester from in front of Vice PresidentDick Cheney inside the Convention hall.
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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
September 17 -
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
September 17 -
The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
September 17