NCUA Board Member Gigi Hyland represented the agency at the inaugural meeting of President Bush's Identity Theft Task Force. The task force, co-chaired by the attorney general and the chairman of the FTC, includes representatives from other executive branch departments and the federal financial regulatory agencies. The task force's goals include: aggressive law enforcement actions designed to prevent, investigate and prosecute ID theft; improved public outreach to better educate the public about ID theft and address how the private sector can implement measures to protect personal data; and increased safeguards that federal departments, agencies and instrumentalities can implement.
-
The top five banks and thrifts have combined total assets of nearly $13 trillion.
Just now -
The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year over year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
3m ago -
The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.
1h ago -
In a letter to Treasury Secretary Janet Yellen last week, the Massachusetts senator highlighted the growing use of cryptocurrencies by malicious organizations abroad and underscored the need for anti-money-laundering and counterterrorism provisions in future proposals.
2h ago -
Brendon Falconer, finance chief of the Indiana company since 2019, faces felony child molestation charges. But CEO James Ryan says management is focused on the CapStar integration and organic growth.
3h ago -
The banking-as-a-service middleware provider will be acquired by TabaPay. Other middleware providers may be forced to evolve or face the same fate.
5h ago