WASHINGTON - (10/28/05) -- Just hours after the House votedapproval of a bill to waive the minimum capital standards forcredit unions and banks damaged by Hurricane Katrina, the bill wasreturned to the Financial Services Committee where it was amendedto include those affected by hurricane's Rita and Wilma, as well."We think it's vital at a time like this that we can invest morecapital in the communities and with the residents of thosecommunities to help them rebuild," one credit union lobbyistworking for the capital waivers, told The Credit Union Journal asthe House panel was deliberating over the measure. The amendmenteffectively adds hundreds of credit unions in Texas and Florida, tothose in Louisiana, Mississippi and Alabama to the list of thoseinstitutions eligible for the special relief from capital waivers.The bill must now be returned for a vote by the full House, then goover to the Senate for its deliberations.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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