DETROIT -- Telcom CU said it has chosen The Edcomm Group to provide it with its Elder Financial Abuse compliance training. Edcomm's course, Focus on Elder Financial Abuse, is designed to help financial institutions cope with new laws targeting elderly financial abuse by teaching staff how to serve their elderly customers while reducing risks to the institution. The $375 million credit union also chose to implement Edcomm's LMS, Learning Link, for hosting and maintenance.
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A bottleneck at the Small Business Administration in clearing federal small business loans because of the ongoing federal government shutdown is becoming an increasingly urgent issue for small and even some midsized banks.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
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A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025.
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The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
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The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
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