DALLAS – Resource One CU said yesterday it has signed a new three-year contract with AT&T for networking and managed telecommunications services. AT&T will implement an MPLS-based Virtual Private Network, as well as Managed Internet Services at the credit union’s multiple locations, providing increased bandwith and always-available Internet, and establishing a convergent, Internet Protocol-based network. The VPN will allow the $200 million credit union to prioritize data for greater network efficiency. The increased bandwith will allow the credit union to adopt Voice over Internet Protocol technology.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
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Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
February 9 -
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
February 9 -
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
February 9 -
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
February 9 -
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
February 9





