WARNER ROBINS, Ga. - (03/23/06) Robins FCU said it plans toaward $20,000 in college grants this year through its MostExcellent Senior Team Scholarship program. The credit union willaward five four-year scholarships of $4,000 to graduating highschool seniors who have been accepted and will attend a college,university or vocational school in 2006. The scholarships are basedon a one-page essay, scholastic performance, extracurricular andcommunity activities, letters of recommendation, and level offinancial need. Robins FCU has awarded more than $110,000 incollege grants through the program since 1997.
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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.
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Federal Reserve Gov. Christopher Waller has directed central bank staff to explore the concept of a limited payment account, which would give nonbank entities in the payments space — including crypto firms — access to traditional payment systems.
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Senate Banking Committee Republicans, led by committee chair Tim Scott, R-S.C., introduced a bill that would raise the mandatory reporting threshold for certain currency transactions, a move meant to ease banks' anti-money laundering compliance obligations.
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Senate Banking Committee ranking member Elizabeth Warren, D-Mass., is urging the Federal Deposit Insurance Corp. not to approve new Industrial Loan Company charters until Congress passes a law subjecting ILCs to bank holding company rules.
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