ONTARIO, Calif. - (08/03/05) -- The CO-OP Network said Hudson ValleyFCU and AmeriCU CU have joined the system, making a total of 66 NewYork credit unions added to the credit union-owned network sincethe start of the year. Each of the credit unions has been convertedto the CO-OP Network by Card Services, an affiliate of the New YorkCU League, under a member-shareholder agreement with CO-OP. By theend of the year, CO-OP plans to have converted 80 New York creditunions, adding one million new credit union members and 300 ATMs tothe nationwide network. AmeriCU CU adds 142 ATMs and Hudson ValleyFCU brings 42 ATMs to The CO-OP.
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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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