DUBUQUE, Iowa – Area credit unions and banks are shutting down debit card accounts and issuing new ones in the face of a spreading identity theft scheme. Police say the theft was caused by unauthorized access to a local merchant’s credit card files. Dutrac Community CU is among those local institutions that are cancelling cards and reissuing new ones. But credit union officials said neither MasterCard or Visa will tell them who the responsible merchant is.
There are several options for smaller banks, including working with an agent bank, according to payment experts.
The sixth bank failure this year shows that even as the industry overall is very profitable, there are pressures on a lot of banks that aren't the biggest.
Bankers have taken out ad buys against incumbent Republican Senator Roger Marshall of Kansas as he struggles to hold what has traditionally been a ruby-red Senate seat.
The $736 million Orange County bank had faced a smattering of enforcement actions over the years, including for concentration risks, governance issues and questionable insider transactions.
As the U.N. renews its call for $1.3 trillion a year in climate finance, four leaders in climate finance say the biggest question for advisors is where that money goes.
The National Association of Insurance Commissioners responded to a query from Sen. Elizabeth Warren about risks to policyholders stemming from private-equity ownership of life insurers.
