Bill Cheney News
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Brian Moynihan was impatient. It was August 2011, and the Bank of America Corp. chief executive officer was reviewing plans to impose a $5 monthly fee on debit- card users.
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Congress should raise the lending limits for credit unions because it would help small businesses and create jobs, said Bill Cheney , president and chief executive officer of the Credit Union National Association .
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Construction spending climbed in September to the highest level in almost three years, led by a rebound in homebuilding that is rippling through the U.S. economy.
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A Federal Deposit Insurance Corp. program that expanded safeguards for some business and government bank accounts will probably expire on Dec. 31 after the U.S. Senate failed to advance a proposal for an extension.
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June’s payroll count probably rounded out the weakest quarter for U.S. employment in more than two years, economists said before a government report today.
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Confidence among U.S. consumers rose more than forecast in February, reaching a one-year high as Americans grew more upbeat about the outlook for the economy.
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Canada’s economy will continue to expand this year as U.S. performance improves and companies increase investment, says Andrew Gretzinger , a portfolio manager at Manulife Financial Corp. and the most-accurate forecaster in a Bloomberg News survey.
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A lack of jobs will shackle consumer spending and restrain the U.S. recovery more than previously estimated, according to economists polled by Bloomberg News.
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Credit unions attracted more than 40,000 new account holders last week during the so-called Bank Transfer Day, according to a Washington-based trade group.
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Visa Inc. and MasterCard Inc. may face permanent damage to the fastest-growing part of their business after the Federal Reserve proposed rules that could cut debit-card transaction fees by 84 percent.
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