Orange County Teachers FCU said it has distributed $338,338 to local schools through its "Step Up for Education" program. The program is aimed at providing extra funds to cash-strapped schools. Earlier this year, OCTFCU kicked-off the Step Up for Education program with $250,000 and challenged Orange County businesses to also contribute, promising to match all donations dollar-for-dollar. At the conclusion of the program, OCTFCU had donated $294,403, with another $43,935 coming from local businesses. The $4-billion credit union has also been helping out with special products and services to help educators affected by reduced budgets, along with interest-free COBRA Health Insurance loans, interest-free classroom supply loans, deferred loan and credit card payments, and workshops focusing on job search skills.
-
Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
8h ago -
The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
8h ago -
The credit union regulator, responding to a recent executive order, has established strict new standards for prosecuting financial crimes. Regulators are now supposed to make criminal referrals only in cases where putative defendants appear to have known they were breaking the law.
9h ago -
Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
10h ago -
Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
10h ago -
A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
11h ago