SACRAMENTO, Calif. -- More credit union and bank customers have come forward in a growing debit card fraud at Dollar Tree stores, authorities said Wednesday. As much as $600,000 may have been siphoned from as many as 500 accounts at area credit unions and banks after the account holders shopped at the local discount stores. The Golden 1 CU said it shut down 800 ATM cards that may have been compromised, after receiving inquiries from members, and the credit union giant is urging members to monitor their accounts. Investigators say cyberthieves waiting in the parking lots of selected Dollar Tree stores may have stolen personal account information using a wireless laptop computer, then used the data to produce bogus ATM cards, which enabled them to withdraw cash on the victims' accounts.
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Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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The reported reversal comes after the industry worried verifying citizenship would strain banks and push customers out of the system.
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Some of the country's largest financial institutions are rolling out stablecoins. With the right strategy, community and mid-tier banks can also reap the benefits of the new payment rail.
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At a Transact event on career management for women in payments, leaders from Visa, NMI and elsewhere discussed embracing new and unknown ideas as a way to stay vital.
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A first look at the capital plan suggests it moves the real estate finance industry closer to changes it lobbied for, but the devil may be in the details.
March 19 -
Housing economists at ICE Experience 2026 predict mortgage growth but also say the home finance industry has yet to fully adapt to the disruption of this decade.
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