HARRISBURG, Pa. - (04/25/05) -- State officials last week notifiedresidents in five counties who receive court-ordered child orspousal support that they will begin receiving those payments ondebit cards. Recipients who do not get their payments deposited ina credit union or bank account will receive state issued EPPIcards.The cards, which are MasterCards issued by Comerica Bank ofDetroit, will allow recipients to by goods directly from retailersand get cash back or to tap their ATMs for cash. State officialsplans to expand the program to all 600,000 child andspousal-support recipients statewide by August.
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The bank has decided it doesn't want to be at the mercy of tech companies and the price they demand for services, and is building its own "AI factory."
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Regulators are not requiring banks to verify customer citizenship under a May executive order, which is a relief for banks. But how a new Fincen-led guidance will shift compliance expectations remains unclear, especially for smaller banks.
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Federal prosecutors arrested and charged Mahender Makhijani, 44, with orchestrating a $100 million bank fraud against Western Alliance Bancorp.
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Federal prosecutors have sought records and account closure data from banks as the Trump administration continues to clash with the industry.
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The super-regional bank is increasingly building AI on its own. The point, CEO Bill Demchak said this week, is not just to foster innovation but to protect the bank from rising costs.
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The blockchain fintech acquired the real estate lender through a joint venture to tokenize housing loans and test its new AI-powered onboarding agent.
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