CHICAGO - (08/26/05) Illinois Lt. Gov. Pat Quinn, who hasbeen active in chartering several credit unions, called on creditunions across the country to make sure their low-income members areaware of the earned income tax credit. There are many peoplewho are eligible for up to $4,000 and the family doesnt knowabout it, he told NASCUS annual meeting here. Quinnsaid he also would like to see more states duplicate aYellow Ribbon Program in place in Illinois, and sinceduplicated in 21 other states, aimed at helping servicemenreturning from Iraq and Afghanistan to get back on theirfeet. The state-funded program gives anyone from Illinoiswho is called to active duty a grant on behalf of the peopleof Illinois for the service they are providing us. InIllinois to date more than $3 million in grants have beendistributed to more than 6,000 families. Each person gets a basicgrant of $500 for each deployment, and under some circumstancessome get more.
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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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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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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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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3