SUNRISE, Fla. - (01/23/06) One lucky member of BrightStarCU is Las Vegas-bound after hitting the jackpot in the creditunions prize giveaway. Bartow Henry III, a member of thecredit union since 1978, won a five-day, four-night trip and $500of spending money in the contest. Another member, 18-year-oldJaimie Hazen, won a 2006 Hyundai Sonata, courtesy of the localHyundai dealer. The credit union, known as Broward Schools CU untilthis month, automatically entered all checking account, directdeposit and CDs holders into the drawing, which included the twogrand prizes and 10 $100 cash prizes. The purpose of the contestwas to promote the $250 million credit unions new name,encourage cross-selling of additional services and to bring in newmembers.
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Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
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Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
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In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
December 12 -
Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
December 12 -
The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.
December 12 -
Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
December 12





