DETROIT - (07/28/06) -- Telcom CU said it has chosen TheEdcomm Group to provide it with its Elder Financial Abusecompliance training. Edcomm's course, Focus on Elder FinancialAbuse, is designed to help financial institutions cope with newlaws targeting elderly financial abuse by teaching staff how toserve their elderly customers while reducing risks to theinstitution. The $375 million credit union also chose to implementEdcomm's LMS, Learning Link, for hosting andmaintenance.
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Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
10h ago -
The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
10h ago -
The credit union regulator, responding to a recent executive order, has established strict new standards for prosecuting financial crimes. Regulators are now supposed to make criminal referrals only in cases where putative defendants appear to have known they were breaking the law.
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Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
July 2 -
Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
July 2 -
A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
July 2