SAN BENITO, Texas - (03/01/05) -- Authorities are warning creditunions and banks of the latest in a growing list of so-calledNigerian money scams, involving immigrants of current residentsform that west African country. A local man, identified as AurelioFred Silva, 51, cashed at least eight counterfeit U.S. PostalService money orders worth more than $7,600 at the online requestof a man identified as Dr. Paul Daniel of Lagos, Nigeria. Silvatold police he agreed to cash the money orders at Harlingen AreaTeachers CU for the Nigerian and then wire the cash to him in hopehe would later receive a $1 million payment. Credit union employeesrealized the money orders were fakes and called police when Silvacame in last Friday to cash two more worth $2,000.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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