FAIRFAX, Va. - (07/14/06) Fairfax County FCU said it hassigned to have PSCU Financial Services process its signature, PINand ATM debit programs. Under the terms of the agreement, the $145million credit union will convert more than 11,000 signature, PINand ATM debit card accounts to the DebitAdvantage platform, andPSCU Financial Services will continue processing more than 4,100credit card accounts for the 18,000-member credit union.
A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
