BEDMINSTER, N.J. - (12/12/05) -- Subscribers to Verizon Wireless willbe able to locate their credit union or an ATM or shared branchnear them using their phone starting this week. The wirelesscarrier plans to launch its location-based services market thisweek with a GPS-based subscription offering called VZ Navigator.Verizon's new service, VZ Navigator, which will be available as a$10-a-month or $3-a-day location-based service and will allow usersto locate addresses, landmarks and financial services. Similarlocator services are already available on a smaller basis on theNextel and Sprint networks, and on Blackberrys.
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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.
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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.
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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.
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