DOTHAN, Ala.-The former CFO of Wiregrass FCU was charged with opening several unauthorized credit cards in her name and that of several relatives, and using the accounts to get cash advances and make purchases of more than $137,000. Becky Hughes was charged with misapplying funds between 2000 and 2008, while she was CFO of the $40 million CU. She was also charged with increasing the limit on her own card to $50,000 from $5,000 without authorization.
Constellation Software subsidiary CORA Group rebranded its U.S. core banking service as regulators are looking to inspect core vendor relationships.
Banks have embraced artificial intelligence for years. Now, after a week of dire warnings about the technology's risks, executives at two big banks are calling for caution and calm.
More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
Consumers' spending and payment behaviors were "holding very firm" despite inflationary pressures, Synchrony Chief Financial Officer Brian Wenzel said at the Barclays Global Financial Services Conference.
Sen. Elizabeth Warren sent a request for information to the National Association of Insurance Commissioners about state regulators' efforts to address private equity ownership of life insurance companies.
Advisors are still slow to plan for handing down their businesses, in part because of difficulties finding new owners they can trust.
