WASHINGTON - (05/16/05) -- Six Washington area credit unionshave formed a new CUSO that will provide a turnkey solution forother credit unions for disaster recovery planning. The CUSO,called Ongoing Operations LLC, will provide a remote phone center,a complete Data Center, and a customizable workspace, all designedto quickly replicate the normal work environment, minimize servicedisruption and ensure full business continuity. Participatingcredit unions are: National Institutes of Health FCU, NorthwestFCU, Synergy One FCU, Department of Labor FCU, Transportation FCU,and HEW FCU.
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Federal bank enforcement actions have dropped sharply since the start of the second Trump administration, but experts' views vary about whether less enforcement will result in a buildup of risk in the financial system.
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Billy Beale, who was hired to clean up Virginia-based Blue Ridge Bankshares after its failed foray with fintechs, has left the $2.4 billion-asset company. His successor is Harry Golliday, who was named interim CEO.
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David Szuchman, PayPal's top cop, leverages his background in law enforcement, including years in the Manhattan district attorney's office, to help the fintech fight against payment crooks.
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