The National Association of CUSOs (NACUSO) is moving to expand its board. Chairman Ava Milosevich said the board concluded NACUSO needed a larger, more diverse board to serve its growing needs. The expansion is to be comprised of four representatives of NACUSO Platinum Partners; three representatives from the executive staff of CUSOs who are members of NACUSO but not Platinum Partners; two representatives from the executive staff of credit unions who are members of NACUSO, and two individuals who are not associated with a credit union or CUSO but have demonstrated commitment to the goals of NACUSO. NACUSO member voting is by mail ballot and will be concluded on Sept. 16.
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Some customers reportedly complained about getting locked out of their accounts after signing up for the bank's new Strata Elite credit card. "We feel like we have done the right thing for all of our good customers," Pam Habner, Citi's head of U.S. branded cards, said Tuesday.
9h ago -
Speakers at the Most Powerful Women in Banking conference Tuesday shared several scenarios in which banks will benefit from dollar-pegged cryptocurrency.
10h ago -
The McClean, Virginia-based bank said Tuesday that credit quality remained strong in the third quarter, and that it has approved a plan to buy back $16 billion of common stock. It's temporarily tapping the brakes on loan growth as it digests the Discover acquisition.
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At American Banker's Most Powerful Women in Banking Conference in New York City, former Most Powerful Women in Banking honorees said to build skills that you can take with you outside of a big bank, and that banks should reward risk-taking and building over incremental change.
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Bank of America has a playbook for government shutdowns, which includes providing fee and payment waivers as well as loan deferrals and forbearance programs, CEO Brian Moynihan said at the American Bankers Association's annual convention.
October 21 -
New guidance outlines specific due diligence and oversight steps banks must take, reinforcing that they are ultimately accountable for vendor failures.
October 21