WASHINGTON - (10/04/05) -- NCUA said it has signed an agreementwith the Export-Import Bank to increase awareness of Ex-Im's loanguarantees, export credit insurance and direct loans among creditunions. NCUA said it will help identify individual credit unionsthat are best suited for Ex-Im's financing programs. The Ex-Im Banksupported almost $18 billion in U.S. exports last year, primarilyto emerging markets. The agency assumes credit and country risksthat the private sector is unable or unwilling toaccept.
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The Office of the Comptroller of the Currency and 10 former officials filed amicus briefs that provide legal heft to banks battling the state of Illinois over a law that removes sales taxes and tips from interchange fees.
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Federal Reserve Chair Jerome Powell, in a post-FOMC meeting Wednesday, said he intends to stay at his post until a successor has been confirmed, adding that he will remain on the Fed board until a Justice Department investigation into him is concluded.
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Sen. Cynthia Lummis, R-Wyo., one of the most pro-crypto lawmakers in Washington, said any compromise on stablecoin yield would have to be limited to prohibiting rewards for stablecoin holdings rather than a broader ban.
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Fannie Mae and Freddie Mac's single-family updates include some roof coverage options somewhat similar to what's used in one of their other divisions.
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Following similar glitches at Lloyds and the London Metal Exchange, a tech outage at UBS has renewed scrutiny on modern banking platforms.
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Jurors determined that Aaron Luneke, the former chief financial officer of Bank of the Valley in Nebraska, obtained millions of dollars in loans — including from his own bank — by inflating contractor bills for a new car wash business.
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