NEW YORK - (09/02/04) While most of this weeksevents at the Republican National Convention featured conventionalfareopen bars and buffet luncheons or dinnersseveralstood out as un-conventional. A Sunday night reception forCalifornia Congressman David Drier attended by NAFCUrepresentatives was held at a bowling alley where lawmakers andlobbyists shed their shoes for the sake of the GOP. Monday, theNAFCU Board members attended a reception for former PresidentGeorge H.W. Bush aboard the aircraft carrier Intrepid, a favoredlocale last week. CUNA lobbyist Gary Kohn attended a reception formembers of the House and Senate financial services committees atthe famous Madame Tussauds Wax Museum. Bill Donovan went toa Tuesday night party for Texas Congressman Henry Bonilla atCartiers, where attendees were invited to try on expensivejewelry.
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Some customers reportedly complained about getting locked out of their accounts after signing up for the bank's new Strata Elite credit card. "We feel like we have done the right thing for all of our good customers," Pam Habner, Citi's head of U.S. branded cards, said Tuesday.
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Speakers at the Most Powerful Women in Banking conference Tuesday shared several scenarios in which banks will benefit from dollar-pegged cryptocurrency.
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The McClean, Virginia-based bank said Tuesday that credit quality remained strong in the third quarter, and that it has approved a plan to buy back $16 billion of common stock. It's temporarily tapping the brakes on loan growth as it digests the Discover acquisition.
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At American Banker's Most Powerful Women in Banking Conference in New York City, former Most Powerful Women in Banking honorees said to build skills that you can take with you outside of a big bank, and that banks should reward risk-taking and building over incremental change.
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Bank of America has a playbook for government shutdowns, which includes providing fee and payment waivers as well as loan deferrals and forbearance programs, CEO Brian Moynihan said at the American Bankers Association's annual convention.
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New guidance outlines specific due diligence and oversight steps banks must take, reinforcing that they are ultimately accountable for vendor failures.
October 21