SEATTLE - (04/10/06) Kids at ChildrensHospital and Regional Medical Center got a new rainbowor atleast the means to color their owncourtesy of Group HealthCU. The $225 million credit union collected almost 5,000crayons4,788 to be exact--at its four branches and mainoffice over the last two months and donated them all to thehospitals Operation Crayon. GHCU attached a $500 check whichthe hospital can use to buy another 5,000 crayons. The hospitalgives out more than 240,000 crayons a year to sick or injured kidswho stop by for emergencies or for extended stays. But the kids aregiven just four each because of a limited supply. The creditunions generosity was the pay-off to a Super Bowl bet creditunion officials lost with Pittsburghs PA Health Care CUbecause the Pittsburgh Steelers beat Seattles Seahawks inthe NFL Championship game.
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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.
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Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
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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.
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A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
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