WASHINGTON - (04/29/05) -- Representatives of the Utah Leagueof CUs traveled to Capitol Hill this week to present the state'scongressional delegation a petition signed by 150,000 Utahnsopposing the anti-credit union resolution sent to Washington by thestate legislature. The resolution asks Congress to weigh in on thestate's decade-old battles between bans and credit unions, by,among other things, allowing the states to assess sales and otherlocal levies on federally chartered credit unions. Butcongressional representatives said they have little interest ingetting involved in the bank-credit union battles and expect littleaction on the resolution.
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Santander U.S. and Webster Financial are doing integration work in advance of their pending merger, including naming business-line leaders, the banks said in separate notes.
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The FDIC board voted unanimously to issue a proposal putting a rebuttable ban on bank-issuers paying yield on stablecoins, another narrowing AML requirements and a third prohibiting examiners using reputational risk in exams, outside of operational or financial risks.
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The neobank is rolling out Chime Prime, a new membership service that rewards customers for making Chime their primary bank account.
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The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.
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Swiss banking giant UBS tried to get a federal court to reject new allegations that Credit Suisse, which UBS acquired in 2023, had concealed Nazi-linked assets.
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Jamie Dimon said the revised Basel III plan still overstates risk and penalizes the largest banks.
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