Credit Union Service Corporation (CUSC) said that displaced members of Jefferson Parish Employees FCU (Jefferson, La.), Keesler FCU (Biloxi, Miss.) and Sewerage and Water Board Employees FCU (New Orleans) can now access their accounts through shared branching at locations nationwide after Hurricane Katrina disabled branches and member access points. "We want to do anything we can to help these credit unions effectively serve their members during this extraordinary crisis," said CUSC CEO Carroll Beach. Keesler FCU had already been live with CUSC; Jefferson Parish EFCU had been in the process of making the move to participating in shared branching, and SWBEFCU made a decision to go with shared branching on Sept. 6.
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Judge Mark T. Pittman sided with the Consumer Financial Protection Bureau in ordering the case be moved from Texas to the District of Columbia due to "forum shopping."
44m ago -
Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
March 28 -
The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
March 28 -
Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
March 28