SALT LAKE CITY - (03/21/05) -- The Utah League of CUs, fresh offits latest battle with the banks, elected John Lund, executive vicepresident of America First FCU, as its new chairman last week. Lundwill succeed Steve Chistiansen, president of Tooele FCU, who ledthe league through it legislative fights over the last four years.Brett Blackburn, president of Utah Central CU, was elected vicechair; and Kent Greenfield, president of Ogden City School DistrictCU, was elected board secretary.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
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Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
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Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
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Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
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The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
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