- PLANO, Texas (07/30/01) - Aurum Technology, Inc.,the former EDS unit aiming at the community bank and credit unionmarket, said last week it has acquired Morningside Corp., adeveloper and provider of core processing, teller and platformsoftware for small- and mid-sized financial institutions. It wasthe second acquisition in the last two weeks by Aurum, following adeal to purchase the processing and data center business fromMidway National Bank, St. Paul, Minn. Aurum was spun-off from EDSlast year.
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The neobank filed for an initial public offering on Tuesday shortly after announcing a new office lease in New York City.
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Average Americans are souring on their own financial health, according to a New York Fed survey. That includes their ability to pay off their debts.
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Serious delinquencies on student loans jumped tenfold at the start of 2025, shortly after lenient pandemic-era policies came to an end. The greater pressure on consumers' wallets is a cause for concern at banks that rely on borrowers' ability to repay their debts..
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New York State Gov. Kathy Hochul has codified how buy now/pay later lending will operate in the state, taking a heavier hand as the Consumer Financial Protection Bureau loosens its grip under President Trump.
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Richmond, Virginia-based Atlantic Union is still integrating its recent acquisition of Sandy Spring Bank in Maryland. But CEO John Asbury has already begun plotting a new expansion course.
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Tentative appointments at the Federal Deposit Insurance Corp. and the Federal Reserve have compliance officers reading the tea leaves for future policy plays.
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