EL MONTE, Calif. - (10/24/05) -- SCE FCU said it has implementedStoneFly Networks' Backup Advantage software to safeguard itscritical member information. The system, an Internet Protocolstorage area network, has allowed the $350 million credit union toreduce its data backup window by 80%. Full backup of all data,including operating systems and server configurations, can now becompleted in less than two hours. The system is also providingadvanced storage management to support the credit union's imagingproject to convert all member profiles to digital data. StoneFlyNetworks in based in San Diego.
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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.
February 9 -
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.
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