SANTA ROSA, Calf. - (08/04/04) -- Redwood CU has sent letters to36,000 of its members saying their Social Security numbers and someaccount information may have been stolen when a computer wasremoved from a third-party telemarketer, the second of two localcredit unions to come public with the theft. The computer, with thecredit union's data, was stolen form SB, the Marketing SuperSource,which does marketing for as many as 20 credit unions in the area.Last week, Schools Financial CU, said it was one of the affectedcredit unions and was alerting its members to the potential use oftheir personal information.
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The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
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A panel at CBA Live explored the contract provisions banks need to consider before embarking on new banking-as-a-service relationships and what catches their eyes in consent orders from banking regulators.
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