The Texas Credit Union League (TCUL) has partnered with the Appleseed Foundation to launch a Hispanic Outreach program, with the intent of assisting credit unions in their efforts to bring this underserved segment of the population into the financial mainstream. The campaign will consist of focus groups conducted in Hispanic communities across the state; "train the trainer" financial education workshops; IRnet workshops; serving the new American presentations for credit union staff and volunteers; the development of white papers and more. The first focus group was held March 1 in Dallas, and others will be held in Fort Worth, Austin, Houston, Rio Grande City and El Paso.
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To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
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Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
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Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hardline stance on modifications.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6





