ALEXANDRIA, Va. - (09/24/04) -- The NCUA Board approved one of itsbroadest community charters ever Thursday for US Airways FCU, whosechief corporate sponsor, US Airlines, was jeopardized last week byits second bankruptcy filing in two years. The action will allowthe $600 million credit union to serve almost three millions peoplein 10 counties surrounding its headquarters in Moon Township, Pa.,a suburb of Pittsburgh. Plans calls for the credit union to changeits name to Clearview FCU and to add three branches over the nextyear, as well as programs for payday lending, tax preparationassistance, first-time homebuyers, and small business loansguaranteed by the U.S. Small Business Administration.
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The Consumer Financial Protection Bureau is overhauling its consumer complaint portal after receiving 6.6 million complaints last year, more than double the 3.2 million in 2024, citing abuse by credit repair firms and social media influencers.
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The wealth management firm received its conditional approval from the OCC as it seeks to manage custody of digital asset investments for its clients.
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Colony Bankcorp has reached a $163 million deal to acquire Florence, South Carolina-based First Reliance Bancshares.
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The Federal Deposit Insurance Corp. issued proposals Thursday that would reduce planning requirements for big banks and slash deposit insurance prices, citing the financial health of the Deposit Insurance Fund.
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The card network's recent partnerships attempt to build demand for new forms of artificial intelligence while feeding "value added" revenue — a nonpayment fee metric that investors watch closely.
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Christopher Phelan, President Donald Trump's nominee to chair the Council of Economic Advisers, declined to directly answer questions about recent inflation data and the effects of tariffs on consumers during a Senate confirmation hearing Thursday.
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