WOBURN, Mass. - (11/29/05) -- EasCorp FCU said it has partneredwith Financial Service Centers Cooperative, Ensenta Corp. andTellagent LLC to provide check image processing for credit unionsat self service branch kiosks. Credit unions participating inFSCC's shared branching network can send electronic check imagesfrom a Tellagent 'Fast Branch' kiosk to EasCorp for processing.Credit union members can benefit from increased convenience byinserting a check--no deposit slip or envelope is required--viewingtheir funds availability and receiving an image of the check onreceipt.
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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.
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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.
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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.
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Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
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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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