Once again California's credit unions are preparing to help state employees who will go without a paycheck until the delayed state budget is passed. The California league noted that those who will miss paychecks, however, is smaller than in previous years, since a series of laws and court decisions will ensure that most state employees will continue to be paid. Legislative staff and gubernatorial appointees-who usually are paid on the 15th and last days of every month-and legislators who are paid at the end of each month, will not receive paychecks until the Legislature approves the $103-billion state budget, and it is signed by Gov. Arnold Schwarzenegger. Among those with programs in place to help: The Golden 1 CU, Arrowhead CU, and SAFE Credit Union.
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While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
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The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
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GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.
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As banks consider their strategies, other big names are also considering a role for digital assets.
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The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
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Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.
June 30