SACRAMENTO, Calif. - (11/11/05) -- Credit union giant Golden 1 CU saidThursday it was forced to cancel about 1,300 of its debit cardsthis week because it believed online thieves have obtained memberinformation via a 'skimming' scheme at a point-of-sale at a localmerchant. The credit union informed members in an email that thefraud operation resulted in counterfeit cards being made and usedinternationally. In skimming, thieves use a small device to readcard the magnetic strip on the back of a card when the customeruses the card for a payment. The affected Golden 1 CU cardholders,a small portion of the credit union's 480,000 cardholders, werenotified by phone or email and replacement cards were issuedimmediately.
-
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3 -
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3