ANAHEIM, Calif. - (10/26/05) -- Much of the buildup for theCalifornia and Nevada Credit Union Leagues annual conventionhere concerned the pending retirement of David Chatfield, presidentand CEO of both leagues. Chatfield will step down April 1, 2006,and league officials used their time to honor his lengthy CUcareer. Diana Dykstra, chairman of the CCUL as well as presidentand CEO of San Francisco Fire CU, praised Chatfield for hisleadership. Under Dave, the California Credit Union Leaguehas become recognized as the foremost credit union tradeassociation. He will be sorely missed. Dykstra said thesearch committee is hard at work trying to find Chatfieldsreplacement and expects to name that person in January.
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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.
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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.
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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.
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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.
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