HIALEAH, Fla. – Power 1 CU said it has contracted with TRC Interactive to implement an online training program for employees. The credit union offer employees TRC’s CreditUnionTrainingOnline for its employees, including tellers, sales, compliance, lending and customer service; and Training Central for management.
When a Chicago bank crashed, delivering a major blow to the Deposit Insurance Fund, regulators said they suspected fraud. Historically, that's a common story.
The New York City-based specialty finance company must pay $3 million as part of a settlement with the SEC for allegedly inflating its stock price. Its president must pay a separate $1 million fine.
A coalition of trade groups urges federal agencies to match private-sector cybersecurity standards.
The bank says it hopes to help improve the payments ecosystem and meet the needs of underserved customers through supporting U.K.-based fintechs.
Michelle Bowman has officially taken the reins as the Federal Reserve's top regulatory official, giving her the ability to advance policy proposals.
A forthcoming bill from Sens. Jim Banks, R-Ind., and Catherine Cortez Masto, D-Nev., would allow the Federal Housing Finance Agency director to set limits on executive pay at the Federal Home Loan banks.
