CARLISLE, Pa. - (06/09/05) -- The Cumberland County EconomicDevelopment office is inviting all area credit unions and banks tojoin it in a new investment fund that will provide start-up loansfor small businesses. The Cumberland Business First program willcombine private funding from credit unions and banks with countyfunds to provide low-interest loans for small businesses. Eligiblebusinesses will have less than 100 employees and be prepared to addnew jobs over a three-year period. All credit union and commercialbanks with at least one active branch or operation in CumberlandCounty are immediately eligible to participate in theprogram.
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The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
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The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
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Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
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In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
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