DELA MAR, Calif.-Two awards were presented during the 2009 Annual Conference for the National Association of Credit Union Supervisory Auditing Committees. Curtis Parkerson, a retired supervisory committee member at PrimeWay FCU, Houston was honored with the Golden Service Award, recognizing a supervisory committee member who stands out as an example of what a volunteer can bring to a CU. Parkerson has been a volunteer official at PrimeWay for the last quarter-century. LarsonAllen LLP was named the NACUSAC Associate Member of the Year for its efforts in helping CUs with information security needs.
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Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
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The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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North Carolina-based First Citizens BancShares completes its acquisition of 138 branches across 11 states; City National Bank appoints Chad Lloyd senior vice president and head of RBC U.S. Mortgage; London-based payments processor Checkout.com launches its U.S. subsidiary in Georgia; and more in this week's banking news roundup.
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Advisors can leverage the updated opportunity zone program, starting in January, to help ultrahigh net worth clients defer capital gains.
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As advisors rush to build their own AI tools, experts warn that guardrails need to cover data going in, not just data going out.
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Bank and credit union regulators proposed a rule that would apply more supervisory oversight to core service providers, saying the firms sometimes provide little transparency to banks and can disrupt due diligence processes.
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