SCOTTSDALE, Ariz. - (05/09/05) -- eFunds Corp. said last week itswholly owned Chex Systems new account verification subsidiary hasagreed to acquire National Check Protection Services, Inc., aprivately held Rockland, Mass., provider of new accountverification, employment screening and due diligence services. Theprice was $20 million. The deal will add depth to ChexSystems' newaccount offering by adding enhanced bankruptcy and criminal data toits DebitBureau database. It will also help expand eFunds'footprint into top financial institutions while accelerating itspush into the Northeast market.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
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Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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