Employees at three credit unions here-Cabrillo, Carlsbad City and Sharp CU-have donated $5,000 that had been earmarked for an annual holiday party to Habitat for Humanity to support hurricane relief efforts. Cabrillo CU CEO Robin Lentz said the idea was suggested by one of its employees. "I am so pleased that I have employees who would give up their annual party to help others," said Lentz. In addition, six branches of the three partner CUs also asked members for donations to the Red Cross, raising another $5,400 in the process.
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Lendistry, one of the nation's fastest-growing SBA 7(a) lenders, is getting a $25 million infusion from TD's community development arm.
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The fintech, which powers debt collections for banks and credit unions, received a "strategic investment" from Vista Equity Partners to expand into agentic AI.
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Bankers face a "critical limitation" due to the vast number of oversight agencies and institutions, like social media companies and telecom institutions, that a fraudster might touch on their way to scam a consumer.
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The payments company has used an acquisition of digital asset firm Bridge to gain ground, reminiscent of how fintechs have honed in on banks' payment turf for years.
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President Donald Trump asked the Supreme Court to reverse a lower court ruling allowing Federal Reserve Gov. Lisa Cook to remain in office pending the outcome of her lawsuit challenging Trump's move to fire her late last month.
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The Toronto-based bank named Rahul Nalgirkar as incoming finance chief. Nalgirkar, who joined BMO in 2022 from Fifth Third, will succeed the retiring Tayfun Tuzun, who came to BMO in 2020 after working at Fifth Third.
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