ALBANY, N.Y. - (05/05/06) -- Employees of State Employees FCU andlocal residents traded pretend deeds and play money on behalf ofthe city's Center for Disability Services Tuesday. SEFCU's 14thannual Monopoly Tournament, one of the largest in the Northeast,raised $8,500 in real money for the local charity. More than 130people participated in this year's tournament, with individualseach paying a $30 entry fee and corporations paying $250 for a teamof four. The $1.2 billion credit union has raised more than $52,000through the annual tournament for the Center for DisabilityServices, which provides services for children, adults and seniorswho live with disabilities.
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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.
July 2 -
Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
July 2 -
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.
July 2 -
A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
July 2