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Stock Market & Financial Investment News

News Breaks
January 17, 2014
08:01 EDTUSBU.S. Bank says to wind down Checking Account Advance
U.S. Bank will begin to wind down its short-term, small-dollar deposit advance product, Checking Account Advance, to align with final regulatory guidance issued by the Office of Comptroller of the Currency and the Federal Deposit Insurance Corporation. “We recognize our customers’ need for short-term, small dollar credit,” said Kent Stone, vice chairman of consumer banking sales and support at U.S. Bank. “We are committed to finding new solutions that meet the needs of all of our customers and fit within the current regulatory expectations.” Effective Friday, Jan. 31, U.S. Bank will no longer offer Checking Account Advance to new checking account customers. Checking Account Advance will be discontinued for current customers on May 30. Customers who have an outstanding balance at that time will be offered extended repayment terms. U.S. Bank will offer other forms of credit to customers who qualify.
News For USB From The Last 14 Days
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May 6, 2015
10:03 EDTUSBOn The Fly: Analyst Upgrade Summary
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08:49 EDTUSBBlackRock has held talks with banks over CDS clearinghouses, Bloomberg says
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05:47 EDTUSBU.S. Bancorp upgraded to Market Perform from Underperform at Keefe Bruyette
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April 30, 2015
06:26 EDTUSBBanks, government dispute 'aggressive' foreign-bribery laws, WSJ reports
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April 29, 2015
08:31 EDTUSBWestern Union, U.S Bank renew contract
Western Union (WU) announced the company has renewed its contract with U.S. Bank (USB). With this renewal, U.S. Bank customers will continue to have access to Western Union Money Transfer services via the bank’s branches, online banking website and mobile banking application.
06:14 EDTUSBSEC proposal would inform investors how pay aligns with results, WSJ reports
The SEC is today set to propose long-awaited rules that would force thousands of companies to inform investors how the pay of top management aligned with the firm's financial results, The Wall Street Journal reports. If approved, companies would have to include a table in their annual proxy filings disclosing "actual pay" of top executives. Reference Link

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