ALBANY, N.Y. - (03/13/06) State Employees CU said it willopen four new branches, two in Syracuse and two on Binghamton, aspart of ane expansion into central New York. Currently, SEFCU hasone branch in Central New York, in Syracuse. The $1.3 billioncredit union first entered the Syracuse market about 20 years ago.SEFCU has a total of 17 branches throughout upstate New York,mostly concentrated in the Capital region. The credit union waschartered 70 years ago to serve employees of state government andnow serve residents in 27 cities and towns in New York State,including Syracuse and Binghamton.
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As the CFPB reconsiders its open banking rule, banks and fintechs are locked in a bitter battle over who will pay for the new digital infrastructure.
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Hope Bancorp's acquisition of a business that serves Japanese companies should complement its historic focus on Korean business owners.
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The Department of Justice is seeking court approval to immediately fire more than 600 employees, slashing the CFPB's workforce by 53%.
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Australia's national Payments Systems Board has decided to remove surcharges on prepaid, debit and credit cards for electronic funds transfers, while lowering the cap on interchange fees. Also, Wells Fargo is seeking banks for its international payment network, and more in American Banker's global payments and fintech roundup.
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The exit highlights the steep challenges and high customer acquisition costs foreign fintechs face when entering the U.S. banking sector.
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Federal Reserve Gov. Michael Barr said Wednesday that his dissents over the past year on proposed regulatory changes reflect concern that oversight of banks could be significantly weakened.
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