MANCHESTER, N.H. - (07/20/06) Gilberte Boivin Brosseau, thelast living person to have been present at the 1908 opening ofAmericas first credit union, St. Marys Bank, passedaway last week. The 101-year-old Brosseau, the daughter of thepresident of St. Marys Bank, met at the opening withAlphonse Desjardin, the famous Quebecois credit union pioneer, andMonsignor Heve, who was the driving force behind the formation ofSt. Marys Bank. Ms. Brosseaus childhood home was alsothe offices of the original St. Marys Bank and today is hometo Americas Credit Union Museum on Notre Dame St. Sheprovided organizers of the museum with details about the way thecredit union office and family home looked in 1908. Ms.Brosseaus father, Joseph Boivin, was a practicing attorneywho became president of the credit union when it wasformed.
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Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
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Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
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In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
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Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
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The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.
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Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
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