Kevin Digilio, a member of TEMCO Employees FCU here, won a $15,000 shopping spree compliments of the "VISA Brings It Home promotion. The new account acquisition program offered through the Pennsylvania Credit Union Association's Card Services, during Sept. 1-Oct. 31, 2003 entered credit union members in the $15,000 home shopping spree contest. The $10.7-million TEMCO Employees FCU opened 10 new VISA accounts during this promotion and has 622 active credit card accounts.
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Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
8h ago -
The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
8h ago -
The credit union regulator, responding to a recent executive order, has established strict new standards for prosecuting financial crimes. Regulators are now supposed to make criminal referrals only in cases where putative defendants appear to have known they were breaking the law.
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Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
10h ago -
Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
10h ago -
A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
11h ago