TORONTO – Navy FCU is about to embark on one of the biggest hiring plans ever for a credit union. The $25-billion credit union plans to hire about 920 new employees in 2007, expanding its workforce by 18% to about 6,000 worldwide, according to Cutler Dawson, president of the world’s largest credit union. The new hires will not only staff the credit union's ambitious branch expansion—45 new facilities over the next five years—but also its new call center in Pensacola, Fla., its member service centers and support staff, Dawson told The Credit Union Journal Thursday during NAFCU’s annual convention. “We’re really trying to build our member services and support, and trying to make it even better,” said Dawson.
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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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