WEST PALM BEACH, Fla.With online phishing scams projected by some to continue to grow at 15% per quarter, the Credit Union Journal, in conjunction with MarkMonitor, will host a free, one-hour web seminar on managing online risks on Feb. 28 from 1-2 p.m. (EST). The we seminar comes at the same time one new study has found that some of the best socially-engineered sites fooling over 90% of recipients, hurting not just the victims but also costing their credit unions in time and money. During the complimentary web seminar, discussion will include practical steps for managing online fraud risk, and certain technologies can help in mitigating and responding to phishing threats. The featured presenters are Michael Adame, Director of Information Security with Texans Credit Union, and Carolyn James Vice President-IS with USA Federal Credit Union. Journal readers can sign up for this free web seminar highlightingstrategies on managing online risks by going to www.sourcemedia.com/webseminar/markmonitor/regform.
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The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
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The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
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The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
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More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
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Chicago-based Northern Trust has started its search for a new CFO as David Fox plans to retire in March; the American Fintech Council has been appointed as an observer on the Conference of State Bank Supervisors' newly formed nonbank industry advisory; Wells Fargo has hired JPMorganChase investment banker David Harkin to advise on technology deals, and more in this week's banking news roundup.
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A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
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