WEST PALM BEACH, Fla. - (06/28/05) The Credit Union Journal is nowaccepting applicants to appear in the Day in the Life of CreditUnions Project. On the same day in August, credit unions fromaround the U.S. and the world shoot photos of events at theiroffices. Photos are then selected to appear in the issue of TheCredit Union Journal being published during International CreditUnion Week. Credit unions interested in participating should signup quickly, as the Project always fills up fast. For info: contactJudy Hartnett at 888-832-2929, orjhartnett@cujournal.com.
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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.
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