ATLANTA - (05/17/05) -- CU Service Corp. said it hasselected eFunds Corp.'s DataNavigator for Windows for back officeprocessing at more than 630 credit unions participating in thenational shared branching network. In addition, CUSC has renewedits eFunds shared branching and gateway processing agreement foranother three years. DataNavigator on Windows will allow CUSC toincrease responsiveness to customer service inquiries, enhance itemprocessing, and provide additional tools that enable participatingcredit unions to research and report on their customertransactions.
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
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The service is an alternative to an IPO or a special-purpose vehicle, the bank says.
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The company's forthcoming stablecoin, PAYO-USD, is designed to spur increased transaction volume revenue rather than interest income on reserves, a model championed by most stablecoin issuers.
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The Bank of England's new guidance changes restrictions following criticisms and concerns about U.S. dominance.
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Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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