HARTFORD, Ct. - (02/21/05) -- Connecticut is the latest state tointroduce the TIPs charter to state chartered credit unions,allowing credit unions to serve entire trades, professions orindustries. Hartford Healthcare CU has applied to the ConnecticutDepartment of Banking to convert form a multiple group-basedcharter to a TIPs serving everyone affiliated with the healthcareindustry in the state's largest counties of Fairfield, Hartford,Middlesex, New Haven and New London. State chartered credit unionsin at least two other states, Minnesota and Massachusetts havealready been granted a TIPs charter, created by NCUA for federalcharters.
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Gary Farro's testimony focused on both the banking activity of Michael Cohen, a former Trump attorney who paid $130,000 to an adult film actress in 2016, and First Republic Bank's due diligence work.
May 5 -
The combination of two Pacific Northwest banks was supposed to create a regional powerhouse, but rising deposit costs have stung. CEO Clint Stein says he's "laser-focused" on making Columbia a top performer again.
May 3 -
A set of panels discussing minority depository institutions and digitization found that cost is a significant challenge to minority depository institutions, especially in the core processing space.
May 3 -
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a 30-page guidebook on managing affiliate risks. The report builds on formal guidance issued last year.
May 3 -
The efforts, which respond to President Biden's October executive order on AI, aim to improve synthetic content detection and improve the trustworthiness of AI models.
May 3 -
Tighter merchant connections between Square and Cash App helped Block produce stronger-than-expected results during the first quarter, while Jack Dorsey said the firm will launch its first remittance product later this year leveraging decentralized finance.
May 3