MONTGOMERY, Ala. - (11/18/05) -- Max FCU said it was forced to cancel14,000 credit and debit cards that may have been compromised byoverseas hackers, according to a letter sent to affected members.The information is believed to have been stolen by identity thievesliving in Russia from the credit union's third-party cardsprocessor. The credit union does not know how many accounts havebeen compromised but recalled the 14,000 cards at a precaution--andat a large cost.
Emerging forms of artificial intelligence are moving so fast, traditional IT training isn't an easy fit. New research from American Banker shows how banks are handling training.
Federal Reserve Vice Chair Philip Jefferson said in a speech Tuesday that despite positive employment readings in recent months, he remains concerned that an economic shock could still threaten the labor market.
Santander U.S. and Webster Financial are doing integration work in advance of their pending merger, including naming business-line leaders, the banks said in separate notes.
The FDIC board voted unanimously to issue a proposal putting a rebuttable ban on bank-issuers paying yield on stablecoins, another narrowing AML requirements and a third prohibiting examiners using reputational risk in exams, outside of operational or financial risks.
The neobank is rolling out Chime Prime, a new membership service that rewards customers for making Chime their primary bank account.
The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.
