WASHINGTON - (08/27/04)-- As may be expected, the two membersof the NCUA Board, Republican JoAnne Johnson and Democrat DeborahMatz, display their political affiliations through theircheckbooks. Records filed with the Federal Election Commission,show Johnson, the co-chair of the Bush for President Campaign inIowa in 2000, has made two political contributions over $200 thiscycle, both to the Bush-Cheney campaign, for a total of $2,000.Matz, a protĚgĚ of Sen. Minority Leader Tom Daschle,has made four donations totaling $4,000 to the election campaign ofthe South Dakota Democrat; a $1,000 contribution to the Kerry forPresident campaign, and a $500 donation to the Dean for Presidentcampaign.
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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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State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
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