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Cards preloaded with unemployment insurance, child support, food stamps and other government benefits can be viewed as potential bank accounts, waiting to be opened by people with the fewest quality opportunities to connect to the financial mainstream.
March 5
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A former hedge fund manager who now handles some investments for Warren Buffett's Berkshire Hathaway has left the board of WSFS Financial (WSFS).
March 5 -
The Federal Housing Finance Agency's Edward DeMarco is pushing a plan merge some Fannie Mae and Freddie Mac operations as Congress and the Obama administration continue to punt on housing reform.
March 5
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Ray Grace, the acting banking commissioner of North Carolina, used humor to deflect some tough questions aimed at regulators about limits on bank startups.
March 5 -
The Department of Housing and Urban Development will offer two batches of residential loans with a total balance of almost $3 billion later this month.
March 5 -
HSBC agreed to sell a portfolio of U.S. consumer loans for $3.2 billion as it scales back its operations in the country.
March 5 -
Payments processor Elavon has formed a division to help merchants cut costs.
March 5 -
Atlantic Coast Financial trimmed its losses last quarter as it readies for possible challenges to its deal with Bond Street Holdings.
March 5 -
Citigroup (C) executives stand to collect $579 million under profit-sharing plans that include the one shareholders voted against last year.
March 5 -
First Data is providing the technology that underpins Foursquare's recent enhancements to its deals service, which allows credit and debit card holders to link their accounts to Foursquare's social network.
March 5
