HERNDON, Va. - (06/02/06) More than 400 seniors atHerndon High School participated with employees of Northwest FCU ina role-playing Reality Store to help teach themfinancial aspects of every day life. The credit union sent 30 ofits employees to lead student groups and guide them through variousfinancial scenarios of everyday life, like budgeting, home buying,paying taxes and taking out student loans. At the start of the gameeach student was give a this is your life scenario,which included their marital status, gross annual income and numberof children. Students then had to complete worksheets to determinetheir net income and design a budget to cover basic monthlyexpenses while leaving enough for clothing, entertainment andunexpected expenses.
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Earlier in the day, Fed Gov. Stephen Miran chastised the Fed for wading into politics under the Biden administration, as he currently takes unpaid leave from President Donald Trump's top advisory council.
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CEO Chris Gorman applauded what he sees as a transformation of bank regulation since President Trump took office. He described a shift from layers of exams and documentation to a streamlined focus on liquidity, capital and earnings.
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Zions Bancorp. is among the latest banks to report material losses due to alleged borrower fraud. Stocks of regional lenders plunged on Thursday.
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Merchants alleged the major card networks illegally conspired to shift fraud liability onto them with the adoption of EMV chip technology.
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The Buffalo-based bank said Thursday that the paring of its CRE loan book, which has nearly halved in volume over the last three years, may be near its inflection point.
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The BNPL lender is launching a three-day shopping event that pushes 0% financing offers to draw more consumers into the app and increase sales volumes for merchants ahead of the holiday season.
October 16