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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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.
December 12 -
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.
December 12 -
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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