BALTIMORE - (08/15/05) -- The ardor may have cooled forbaseball in the nation's Capitol but area credit unions still planto take advantage of the summer classic with a new series of radioad starting this week focusing on credit unions and baseball. Theads, running in the Baltimore and Washington, D.C., markets,feature conversations at a baseball game about the high costs ofbanking, juxtaposed against the services offered by credit unions.A similar series of ads ran earlier this summer when the area's twomajor league teams, the Baltimore Orioles and the Washingtonnationals, were in first place. But both teams have sufferedreversals since then and have tumbled from the top of theirrespective divisions. The ads were financed by the Maryland CULeague's cooperative ad campaign and will run throughmid-September.
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The president and his allies have stepped up their verbal attacks on the Federal Reserve and its chairman in recent weeks, and while the tough talk has not changed policy, it has sent a clear message to the financial sector.
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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.
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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.
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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.
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Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
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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.
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