HOUSTON - (09/07/05) -- PULSE EFT said it has asked all ofits 4,100 financial institution members to eliminate ATMsurcharging for card users in Louisiana, Mississippi and Alabamafor a period of time those areas are recovering from HurricaneKatrina. The electronic funds transfer network, which has one ofthe biggest EFT operations in the Gulf States, is sending outBIN-listing, card identifications of individuals in those hard-hitstates so that financial institutions around the country--whereGulf-area residents are being relocated--can be identified. PULSEis also working with the American Bankers Association to gathermobile ATMs for use in the affected areas.
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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.
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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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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.
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A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
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