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Consumer advocates are urging local governments and courts to consider a person’s ability to pay before assessing fines and fees for such infractions as unpaid traffic tickets. Such changes could help low-income households avoid bankruptcy — and perhaps even make them more bankable.
July 5
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Guy Gentile ran a stock brokerage. He spent years running sting operations as an FBI informant. Then, after he was arrested anyway, he beat the charges. Now his plan for his next act — opening a bank in Puerto Rico — is hitting a snag.
July 5 -
Virginia National will set aside up to $950,000 to cover losses after ReliaMax, a firm that issues surety bonds for student loans, was placed into liquidation.
July 5
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More than three decades after American flags stopped being placed at headstones at Fort Snelling National Cemetery, one Twin Cities-area credit union brought the flags back – for more than 200,000 gravesites.
July 5
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A British appeals court ruled in favor of retailers including J Sainsbury Plc in a blow to credit card firms that could now face billions of pounds in damages.
July 5
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Current CEO Bill Butler will retire in June 2020, at which time COO Christy O’Connell will take the helm.
July 5
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A first-in-the-nation ordinance, passed by the city council in the wake of the Wells Fargo scandal, would require banks that want the city’s business to reveal if they have sales quotas for employees. It remains to be seen, though, whether Mayor Eric Garcetti will sign the measure into law.
July 3
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The Albany, N.Y. based credit union announced the program just in time for the Fourth of July.
July 3
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Northwest Bancshares in Pennsylvania, which built a reputation as an active acquirer, is taking a step back under Ronald Seiffert to evaluate ways to grow without M&A.
July 3
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PFCU and SageLink Credit Union have combined to create an institution with more than $533 million in assets.
July 3
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Aquesta Financial Holdings expects to record a post-tax gain of $1.7 million from the sale of its insurance business.
July 3
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India’s top court refused to overturn a central bank ban on lenders from dealing in cryptocurrencies, a move that effectively outlaws the nascent industry in Asia’s third-largest economy.
July 3
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The deal is designed to improve capital ratios and reduce risk at the Seattle company.
July 3
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The day after Chinese e-commerce giant JD.com Inc.’s mid-year sale, a company drone took off from a playground in the city of Xi’an to deliver one of the orders. The six-rotor craft is one of about 40 JD.com designed to cut delivery times.
July 3
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A Chicago bank isn't afraid of taking on competitors that spend billions on technology. A state regulator is afraid of giving fintech startups too much latitude. Yet another one of our Most Powerful Women retires. Plus, blockchain's leading ladies, the fallout from a big political upset and a tool to help you stop apologizing.
July 2
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Barclays has introduced an SMB credit card with a very targeted perk: It extends the interest-free credit periods up to 116 days for payments made at popular trade retailers Travis Perkins and Toolstation.
July 2
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China UnionPay has qualified FIME’s personalization validation tool (PVT), marking the Chinese payment brand’s first certification of an overseas lab for testing its secure chip products.
July 2
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While there are many reasons consolidation has slowed in the Keystone State over recent years, several factors in play could lead to a resurgence in activity.
July 2
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The company continues to be restricted from pursuing acquisitions until the Federal Reserve lifts its enforcement order requiring it to strengthen anti-money-laundering controls.
July 2
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Union Bankshares in Virginia sold Shore Premier Finance, a business it inherited from a recent acquisition.
July 2
