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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A White House executive order issued Friday afternoon directing regulators to ease Dodd-Frank compliance burdens comes as a bipartisan housing bill advances on Capitol Hill.
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The bank and fintech entered an agreement to expand open banking ahead of the CFPB's new 1033 rule and announced joint fraud-combatting product improvements.
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A federal judge wrote in an opinion that a "mountain of evidence" suggests the subpoenas were an effort to push Federal Reserve Chair Jerome Powell to lower interest rates or resign.
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Investors claim JPMorganChase collected fees while ignoring suspicious transfers linked to a $328 million crypto Ponzi scheme.
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Federal bank enforcement actions have dropped sharply since the start of the second Trump administration, but experts' views vary about whether less enforcement will result in a buildup of risk in the financial system.
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Billy Beale, who was hired to clean up Virginia-based Blue Ridge Bankshares after its failed foray with fintechs, has left the $2.4 billion-asset company. His successor is Harry Golliday, who was named interim CEO.
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