Sharon CU recalled about 140 MasterCard-branded debit cards last week after the card association notified it that accounts may have been compromised by a database hacking at an unidentified retailer. Mark Emerson, COO at the $275-million SCU, said they immediately recalled all of the cards and issued those members new ones. "There's no indication that any of the accounts have been compromised. There's been no incidents of fraud," Emerson told The Credit Union Journal. It is at least the fourth time over the past two years that member accounts at SCU have been potentially violated, including a recent hacking at a local shoe company that forced SCU to recall some debit cards.
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Lendistry, one of the nation's fastest-growing SBA 7(a) lenders, is getting a $25 million infusion from TD's community development arm.
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The fintech, which powers debt collections for banks and credit unions, received a "strategic investment" from Vista Equity Partners to expand into agentic AI.
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President Donald Trump asked the Supreme Court to reverse a lower court ruling allowing Federal Reserve Gov. Lisa Cook to remain in office pending the outcome of her lawsuit challenging Trump's move to fire her late last month.
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The Toronto-based bank named Rahul Nalgirkar as incoming finance chief. Nalgirkar, who joined BMO in 2022 from Fifth Third, will succeed the retiring Tayfun Tuzun, who came to BMO in 2020 after working at Fifth Third.
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